Cogent Communications (CCOI) to Release Quarterly Earnings on Wednesday

Cogent Communications (NASDAQ:CCOI) is scheduled to be issuing its quarterly earnings data on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Shares of Cogent Communications (CCOI) opened at $42.90 on Wednesday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of -8.84. The stock has a market cap of $1,970.00, a PE ratio of 122.57, a PEG ratio of 5.90 and a beta of 0.49. Cogent Communications has a 1 year low of $37.85 and a 1 year high of $54.85.

CCOI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Cogent Communications from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, January 15th. Citigroup cut shares of Cogent Communications from a “neutral” rating to a “sell” rating and decreased their target price for the company from $43.00 to $39.00 in a research report on Thursday, November 2nd. BidaskClub cut shares of Cogent Communications from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Raymond James Financial restated an “underperform” rating on shares of Cogent Communications in a research report on Friday, November 3rd. Finally, Jefferies Group increased their price objective on shares of Cogent Communications from $39.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.27.

In related news, Director Marc Montagner sold 5,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $47.00, for a total value of $235,000.00. Following the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,880,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert N. Beury, Jr. sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $46.51, for a total transaction of $139,530.00. Following the completion of the sale, the vice president now directly owns 47,240 shares in the company, valued at $2,197,132.40. The disclosure for this sale can be found here. Insiders sold a total of 13,250 shares of company stock worth $611,435 over the last three months. 9.48% of the stock is currently owned by corporate insiders.

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About Cogent Communications

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 for Cogent Communications (NASDAQ:CCOI)

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