Cogent Communications (CCOI) to Release Quarterly Earnings on Thursday

Cogent Communications (NASDAQ:CCOI) will likely be issuing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of ($0.9651) per share and revenue of $239.7450 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:30 AM ET.

Cogent Communications (NASDAQ:CCOI) last released its quarterly earnings data on Monday, May 4th. The technology company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($1.03) by $0.20. The company had revenue of $239.19 million for the quarter, compared to the consensus estimate of $241.31 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 17.53%.Cogent Communications’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.09) EPS. On average, analysts expect Cogent Communications to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Cogent Communications Stock Down 2.0%

Shares of CCOI stock opened at $12.69 on Thursday. Cogent Communications has a twelve month low of $10.93 and a twelve month high of $47.33. The stock’s fifty day simple moving average is $14.63 and its 200 day simple moving average is $19.06. The firm has a market capitalization of $635.31 million, a P/E ratio of -3.57 and a beta of 0.80.

Cogent Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Cogent Communications’s dividend payout ratio (DPR) is presently -2.25%.

Insider Buying and Selling

In other news, CFO Thaddeus Gerard Weed sold 4,850 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $16.79, for a total value of $81,431.50. Following the sale, the chief financial officer directly owned 197,900 shares of the company’s stock, valued at approximately $3,322,741. This represents a 2.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Henry W. Kilmer sold 2,400 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.01, for a total transaction of $40,824.00. Following the completion of the sale, the vice president directly owned 38,600 shares in the company, valued at approximately $656,586. This represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Cogent Communications

Several hedge funds and other institutional investors have recently bought and sold shares of CCOI. Turtle Creek Asset Management Inc. boosted its position in Cogent Communications by 64.9% during the third quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after acquiring an additional 1,811,222 shares during the last quarter. Park West Asset Management LLC bought a new position in shares of Cogent Communications in the 4th quarter worth about $30,380,000. Bank of America Corp DE lifted its stake in shares of Cogent Communications by 551.2% in the 3rd quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock valued at $43,965,000 after purchasing an additional 970,367 shares during the period. MIG Capital LLC acquired a new position in shares of Cogent Communications in the 4th quarter valued at about $12,272,000. Finally, First Trust Advisors LP boosted its position in shares of Cogent Communications by 86.8% during the 4th quarter. First Trust Advisors LP now owns 1,177,398 shares of the technology company’s stock valued at $25,385,000 after purchasing an additional 547,188 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings cut Cogent Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Citigroup reduced their target price on shares of Cogent Communications from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. UBS Group decreased their price target on shares of Cogent Communications from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $22.00 price target on shares of Cogent Communications in a research note on Friday, May 29th. Finally, Royal Bank Of Canada reduced their price objective on shares of Cogent Communications from $22.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.90.

Key Headlines Impacting Cogent Communications

Here are the key news stories impacting Cogent Communications this week:

• Positive Sentiment: Cogent announced that CEO Dave Schaeffer will present at three upcoming investor conferences, including the KeyBanc Technology Leadership Forum on August 10. The events could give management an opportunity to address investor concerns about demand, the wavelength business and the company’s financial outlook. Cogent Communications CEO to Present at Three Upcoming Conferences
• Neutral Sentiment: An investment article argued that Cogent’s valuation may look more attractive when its T-Mobile-related business is excluded, suggesting potential upside if investors place greater value on the company’s remaining operations. The article does not represent a new company announcement or change to guidance. Cogent Communications: Strip Out T-Mobile And The Discount Disappears
• Negative Sentiment: Robbins Geller filed a securities class-action lawsuit against Cogent and certain executives, alleging that investors were misled by false or incomplete statements. The allegations reportedly concern the nature of the wavelength backlog and demand for the business. The lead-plaintiff deadline is September 21, 2026. Robbins Geller class-action lawsuit announcement
• Negative Sentiment: Several other law firms publicized the same pending lawsuit and encouraged affected shareholders to seek lead-plaintiff status. Their notices cite alleged nondisclosure of weak or uncertain wavelength demand, an overstated backlog, the sustainability of Cogent’s dividend and risks associated with pledged insider shares and possible forced sales. These repeated announcements increase legal and reputational overhang, although the claims remain unproven. Levi & Korsinsky lawsuit notice

About Cogent Communications

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.