Cogent Communications Holdings (NASDAQ: CCOI) recently received a number of ratings updates from brokerages and research firms:

  • 8/7/2017 – Cogent Communications Holdings had its price target raised by analysts at Royal Bank Of Canada from $45.00 to $48.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – Cogent Communications Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/4/2017 – Cogent Communications Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $46.00 price target on the stock.
  • 8/4/2017 – Cogent Communications Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cogent Communications Holdings Inc. specializes in providing businesses with high speed Internet access, Ethernet transport, and colocation services. It offers on-net Internet access services to bandwidth-intensive users and on-net services in carrier-neutral co-location facilities, company controlled data centers, and single-tenant office buildings. In addition, it offers off-net services to businesses that are connected to its network primarily by means of ‘last mile’ access service lines obtained from other carriers primarily in the form of point-to-point carrier Ethernet, TDM, POS, SDH, and/or carrier Ethernet circuits. Cogent Communications Holdings Inc., formerly known as Cogent Communications Group, Inc., is headquartered in Washington, the District of Columbia. “
  • 7/31/2017 – Cogent Communications Holdings is now covered by analysts at Off Wall Street. They set a “sell” rating and a $29.00 price target on the stock.
  • 7/28/2017 – Cogent Communications Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $42.00 price target on the stock.
  • 7/24/2017 – Cogent Communications Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/14/2017 – Cogent Communications Holdings had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $48.00 price target on the stock, up previously from $47.00.
  • 7/9/2017 – Cogent Communications Holdings had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $45.00 price target on the stock.
  • 7/5/2017 – Cogent Communications Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – Cogent Communications Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cogent Communications Holdings Inc. specializes in providing businesses with high speed Internet access, Ethernet transport, and colocation services. It offers on-net Internet access services to bandwidth-intensive users and on-net services in carrier-neutral co-location facilities, company controlled data centers, and single-tenant office buildings. In addition, it offers off-net services to businesses that are connected to its network primarily by means of ‘last mile’ access service lines obtained from other carriers primarily in the form of point-to-point carrier Ethernet, TDM, POS, SDH, and/or carrier Ethernet circuits. Cogent Communications Holdings Inc., formerly known as Cogent Communications Group, Inc., is headquartered in Washington, the District of Columbia. “
  • 6/23/2017 – Cogent Communications Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) opened at 43.20 on Tuesday. The firm has a market capitalization of $1.93 billion, a P/E ratio of 127.06 and a beta of 0.74. The company has a 50-day moving average price of $41.28 and a 200-day moving average price of $41.63. Cogent Communications Holdings, Inc. has a 12-month low of $34.23 and a 12-month high of $45.25.

Cogent Communications Holdings (NASDAQ:CCOI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.02. The business had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.23 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Equities analysts predict that Cogent Communications Holdings, Inc. will post $0.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Cogent Communications Holdings’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 4.26%. Cogent Communications Holdings’s payout ratio is currently 488.89%.

In other Cogent Communications Holdings news, CFO Thaddeus Gerard Weed sold 2,250 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 77,150 shares of the company’s stock, valued at $3,178,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy G. Oneill sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $40.25, for a total transaction of $40,250.00. Following the completion of the sale, the vice president now directly owns 43,052 shares of the company’s stock, valued at $1,732,843. The disclosure for this sale can be found here. Insiders sold 17,433 shares of company stock valued at $715,146 over the last three months. 9.48% of the stock is currently owned by insiders.

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.

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