Cogent Communications (CCOI) Getting Somewhat Favorable Media Coverage, Analysis Shows
News stories about Cogent Communications (NASDAQ:CCOI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cogent Communications earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.5456432958606 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Reviewing Cogent Communications Holdings (CCOI) & The Competition (americanbankingnews.com)
- Analyzing Cogent Communications Holdings (CCOI) and Its Competitors (americanbankingnews.com)
- Cogent Communications Holdings (CCOI) vs. Its Rivals Head-To-Head Comparison (americanbankingnews.com)
- Reviewing Cogent Communications Holdings (CCOI) and Its Competitors (americanbankingnews.com)
- Cogent Communications Holdings, Inc. (CCOI) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Several equities analysts have recently issued reports on CCOI shares. Macquarie lowered shares of Cogent Communications from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Jefferies Group LLC lifted their target price on shares of Cogent Communications from $39.00 to $43.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Cogent Communications in a report on Friday, November 3rd. SunTrust Banks, Inc. lowered shares of Cogent Communications from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a report on Friday, November 3rd. Finally, Citigroup Inc. lowered shares of Cogent Communications from a “neutral” rating to a “sell” rating and lowered their target price for the company from $43.00 to $39.00 in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Cogent Communications has an average rating of “Hold” and a consensus price target of $43.77.
Cogent Communications (NASDAQ CCOI) traded up $1.25 during trading hours on Friday, reaching $47.05. 150,358 shares of the company’s stock were exchanged, compared to its average volume of 479,895. The company has a debt-to-equity ratio of -8.84, a quick ratio of 4.22 and a current ratio of 4.22. Cogent Communications has a fifty-two week low of $35.75 and a fifty-two week high of $54.85. The company has a market cap of $2,162.18, a P/E ratio of 130.69, a PEG ratio of 12.27 and a beta of 0.65.
Cogent Communications (NASDAQ:CCOI) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Cogent Communications had a negative return on equity of 23.86% and a net margin of 3.37%. The company had revenue of $123.00 million during the quarter, compared to the consensus estimate of $123.60 million. During the same period last year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. equities analysts predict that Cogent Communications will post 0.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 17th will be given a dividend of $0.48 per share. This is an increase from Cogent Communications’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.08%. Cogent Communications’s payout ratio is presently 533.33%.
In related news, VP Timothy G. Oneill sold 2,000 shares of Cogent Communications stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $48.75, for a total transaction of $97,500.00. Following the transaction, the vice president now owns 39,052 shares in the company, valued at approximately $1,903,785. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy G. Oneill sold 1,000 shares of Cogent Communications stock in a transaction on Friday, September 1st. The shares were sold at an average price of $46.60, for a total transaction of $46,600.00. Following the transaction, the vice president now owns 41,052 shares in the company, valued at approximately $1,913,023.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,716 shares of company stock valued at $828,227. Insiders own 9.48% of the company’s stock.
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Cogent Communications 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.
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