Cogent Communications Holdings Inc (NASDAQ:CCOI) VP John B. Chang Sells 500 Shares
Cogent Communications Holdings Inc (NASDAQ:CCOI) VP John B. Chang sold 500 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $90.00, for a total value of $45,000.00. Following the sale, the vice president now owns 26,000 shares of the company’s stock, valued at $2,340,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of CCOI opened at $90.11 on Friday. Cogent Communications Holdings Inc has a 12-month low of $53.24 and a 12-month high of $92.96. The business has a 50-day simple moving average of $80.67 and a two-hundred day simple moving average of $79.24. The stock has a market cap of $4.25 billion, a PE ratio of 109.89, a PEG ratio of 8.40 and a beta of 0.23.
Cogent Communications (NASDAQ:CCOI) last issued its earnings results on Thursday, May 7th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Cogent Communications had a negative return on equity of 20.95% and a net margin of 6.79%. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $141.78 million. During the same period in the previous year, the company earned $0.20 EPS. Cogent Communications’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Cogent Communications Holdings Inc will post 0.99 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. OmniStar Financial Group Inc. acquired a new stake in shares of Cogent Communications in the first quarter valued at about $32,000. GQ Asset Management LLC acquired a new stake in shares of Cogent Communications in the first quarter valued at about $66,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cogent Communications in the first quarter valued at about $91,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cogent Communications in the first quarter valued at about $137,000. Finally, IndexIQ Advisors LLC acquired a new stake in shares of Cogent Communications in the first quarter valued at about $182,000. 85.75% of the stock is owned by institutional investors.
Cogent Communications Company Profile
Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil.
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