Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Research analysts at KeyCorp issued their Q3 2017 EPS estimates for Cogent Communications Holdings in a note issued to investors on Thursday. KeyCorp analyst B. Nispel forecasts that the technology company will post earnings per share of $0.12 for the quarter. KeyCorp also issued estimates for Cogent Communications Holdings’ Q4 2017 earnings at $0.16 EPS.

Cogent Communications Holdings (NASDAQ:CCOI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.02. Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The business had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.23 million. During the same period in the previous year, the business posted $0.09 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. WARNING: “Cogent Communications Holdings, Inc. Expected to Post Q3 2017 Earnings of $0.12 Per Share (CCOI)” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/07/cogent-communications-holdings-inc-expected-to-post-q3-2017-earnings-of-0-12-per-share-ccoi.html.

A number of other equities analysts have also weighed in on CCOI. Cowen and Company restated a “hold” rating and set a $42.00 price target on shares of Cogent Communications Holdings in a research report on Friday, July 28th. BidaskClub lowered shares of Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank AG restated a “buy” rating and set a $48.00 price target (up from $47.00) on shares of Cogent Communications Holdings in a research report on Friday, July 14th. Finally, Citigroup Inc. boosted their price target on shares of Cogent Communications Holdings from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.42.

Cogent Communications Holdings (NASDAQ CCOI) opened at 43.85 on Monday. Cogent Communications Holdings has a one year low of $34.23 and a one year high of $45.25. The company has a market cap of $1.96 billion, a P/E ratio of 128.97 and a beta of 0.74. The company has a 50 day moving average of $41.28 and a 200-day moving average of $41.63.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.20%. This is a positive change from Cogent Communications Holdings’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, August 16th. Cogent Communications Holdings’s payout ratio is presently 488.89%.

In other news, CFO Thaddeus Gerard Weed sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $41.20, for a total value of $92,700.00. Following the transaction, the chief financial officer now directly owns 77,150 shares in the company, valued at approximately $3,178,580. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy G. Oneill sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $41.95, for a total transaction of $41,950.00. Following the completion of the transaction, the vice president now owns 42,052 shares in the company, valued at $1,764,081.40. The disclosure for this sale can be found here. Insiders sold a total of 15,183 shares of company stock worth $617,248 over the last quarter. 9.48% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of CCOI. LS Investment Advisors LLC raised its position in shares of Cogent Communications Holdings by 74.2% in the first quarter. LS Investment Advisors LLC now owns 2,571 shares of the technology company’s stock valued at $111,000 after buying an additional 1,095 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Cogent Communications Holdings by 36.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,828 shares of the technology company’s stock valued at $122,000 after buying an additional 756 shares in the last quarter. Sei Investments Co. raised its position in shares of Cogent Communications Holdings by 29.7% in the second quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock valued at $117,000 after buying an additional 670 shares in the last quarter. Elkfork Partners LLC raised its position in shares of Cogent Communications Holdings by 36.5% in the first quarter. Elkfork Partners LLC now owns 3,434 shares of the technology company’s stock valued at $148,000 after buying an additional 918 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Cogent Communications Holdings during the first quarter valued at approximately $155,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Cogent Communications Holdings Company Profile

Cogent Communications Holdings, Inc is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company’s network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and in Japan.

Earnings History and Estimates for Cogent Communications Holdings (NASDAQ:CCOI)

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