Cogent Communications Holdings (CCOI) Earning Somewhat Positive Press Coverage, Report Shows
Media headlines about Cogent Communications Holdings (NASDAQ:CCOI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cogent Communications Holdings earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.030035460352 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- VP Field Engineering of Cogent Communications Holdings (NASDAQ:CCOI), Oneill Timothy G, sells 2,000 shares worth $97,500 (empowerednews.net)
- Insider Selling: Cogent Communications Holdings, Inc. (CCOI) VP Sells 2,000 Shares of Stock (americanbankingnews.com)
- Cogent Communications Holdings, Inc. (CCOI) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Cogent Communications Holdings, Inc. (CCOI) is at $49.70 per share and 21Vianet Group, Inc. (VNET) is listed at $5.87 – Stocks Gallery (stocksgallery.com)
Cogent Communications Holdings (NASDAQ CCOI) opened at 51.35 on Thursday. Cogent Communications Holdings has a 12 month low of $34.23 and a 12 month high of $51.85. The company has a 50-day moving average of $46.41 and a 200 day moving average of $43.00. The company has a market cap of $2.29 billion, a PE ratio of 146.71 and a beta of 0.66.
Cogent Communications Holdings (NASDAQ:CCOI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.23 million. Cogent Communications Holdings had a negative return on equity of 27.66% and a net margin of 3.39%. Cogent Communications Holdings’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. On average, equities analysts forecast that Cogent Communications Holdings will post $0.47 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CCOI. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Cogent Communications Holdings in a research report on Sunday, July 9th. BidaskClub raised shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Cowen and Company reissued a “hold” rating and set a $46.00 price objective on shares of Cogent Communications Holdings in a research report on Friday, August 4th. Off Wall Street began coverage on shares of Cogent Communications Holdings in a research report on Monday, July 31st. They set a “sell” rating and a $29.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.45.
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In other Cogent Communications Holdings news, VP Timothy G. Oneill sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.95, for a total value of $41,950.00. Following the sale, the vice president now owns 42,052 shares in the company, valued at $1,764,081.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Raymond B. Kummer sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $45.78, for a total transaction of $91,560.00. Following the completion of the sale, the vice president now owns 59,140 shares in the company, valued at approximately $2,707,429.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,466 shares of company stock worth $1,422,354. Corporate insiders own 9.48% 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.
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