Somewhat Positive Press Coverage Somewhat Unlikely to Impact Cogent Communications (CCOI) Share Price
News headlines about Cogent Communications (NASDAQ:CCOI) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cogent Communications earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.8496026672293 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Cogent Communications (CCOI) vs. Its Rivals Head-To-Head Comparison (americanbankingnews.com)
- Cogent Communications (CCOI) vs. Its Rivals Critical Analysis (americanbankingnews.com)
- Cogent Communications Holdings Inc Forecasted to Post Q1 2019 Earnings of $0.23 Per Share (CCOI) (americanbankingnews.com)
- Cogent Communications Holdings Inc (CCOI) CFO Sells $91,620.00 in Stock (americanbankingnews.com)
- Cogent Communications (CCOI) vs. Its Rivals Head-To-Head Analysis (americanbankingnews.com)
Cogent Communications (CCOI) opened at $45.35 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84. Cogent Communications has a 1-year low of $37.85 and a 1-year high of $54.85. The company has a market capitalization of $2,098.99, a price-to-earnings ratio of 126.88, a price-to-earnings-growth ratio of 11.92 and a beta of 0.58.
Cogent Communications (NASDAQ:CCOI) last released its earnings results on Thursday, November 2nd. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $123.00 million for the quarter, compared to analyst estimates of $123.60 million. Cogent Communications had a negative return on equity of 23.86% and a net margin of 3.37%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. equities research analysts predict that Cogent Communications will post 0.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were issued a dividend of $0.48 per share. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Thursday, November 16th. Cogent Communications’s dividend payout ratio is 533.33%.
A number of research firms recently weighed in on CCOI. Citigroup lowered Cogent Communications from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $43.00 to $39.00 in a report on Thursday, November 2nd. Wells Fargo & Company lowered Cogent Communications from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $46.00 to $48.00 in a report on Monday, October 9th. Zacks Investment Research lowered Cogent Communications from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. KeyCorp reaffirmed a “hold” rating on shares of Cogent Communications in a report on Wednesday, October 11th. Finally, Deutsche Bank upped their price objective on Cogent Communications from $48.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cogent Communications presently has an average rating of “Hold” and a consensus target price of $43.77.
In other news, CFO Thaddeus Gerard Weed sold 2,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $45.81, for a total transaction of $91,620.00. Following the sale, the chief financial officer now directly owns 67,650 shares of the company’s stock, valued at approximately $3,099,046.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Henry W. Kilmer sold 3,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $44.54, for a total value of $133,620.00. Following the sale, the vice president now directly owns 33,600 shares in the company, valued at $1,496,544. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,866 shares of company stock worth $734,703. 9.48% of the stock is currently owned by 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.
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