CCOI Stock - Cogent Communications Holdings, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.04B | $940.92M | $599.60M | $589.80M | $568.10M |
| Gross Profit | $394.27M | $396.69M | $371.45M | $363.46M | $348.95M |
| Gross Margin | 38.1% | 42.2% | 61.9% | 61.6% | 61.4% |
| Operating Income | $-197,606,000 | $-129,329,000 | $113.96M | $119.23M | $106.92M |
| Net Income | $-204,074,000 | $1.27B | $5.15M | $48.19M | $6.22M |
| Net Margin | -19.7% | 135.3% | 0.9% | 8.2% | 1.1% |
| EPS | $-4.28 | $26.88 | $0.11 | $1.04 | $0.14 |
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 to multi-tenant office buildings. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 7th 2025 | Wells Fargo | Downgrade | Equal Weight | $27 |
| November 7th 2025 | UBS | Downgrade | Neutral | $27 |
| September 2nd 2025 | Goldman | Resumed | Neutral | $40 |
| August 18th 2025 | Wells Fargo | Upgrade | Overweight | $45 |
| August 12th 2025 | Citigroup | Downgrade | Neutral | $33 |
| August 8th 2025 | RBC Capital Mkts | Downgrade | Sector Perform | $40 |
| November 14th 2024 | UBS | Initiation | Buy | $102 |
| August 21st 2024 | BofA Securities | Downgrade | Underperform | $65← $75 |
| July 1st 2024 | Goldman | Initiation | Neutral | $56 |
| March 7th 2024 | BofA Securities | Downgrade | Neutral | $75 |
| August 21st 2023 | Goldman | Upgrade | Neutral | $64← $43 |
| August 11th 2023 | TD Cowen | Upgrade | Outperform | - |
| May 8th 2023 | JP Morgan | Downgrade | Neutral | $70← $72 |
| May 3rd 2023 | BofA Securities | Upgrade | Buy | $85← $45 |
| October 11th 2022 | Credit Suisse | Downgrade | Neutral | $56← $74 |
Earnings History & Surprises
CCOIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $-1.09 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-1.15 | $-0.87 | +24.3% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $-0.93 | $-1.21 | -30.1% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-1.05 | $-1.09 | -3.8% | ✗ MISS |
Q1 2025 | Feb 27, 2025 | $-1.22 | $-0.91 | +25.4% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $-1.34 | $-1.33 | +0.7% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $-1.31 | $-0.75 | +42.7% | ✓ BEAT |
Q2 2024 | May 9, 2024 | $-1.10 | $-1.29 | -17.3% | ✗ MISS |
Q1 2024 | Feb 29, 2024 | $-0.95 | $-0.16 | +83.2% | ✓ BEAT |
Q4 2023 | Nov 9, 2023 | $-0.87 | $-1.13 | -29.9% | ✗ MISS |
Q3 2023 | Aug 10, 2023 | $0.06 | $-0.13 | -316.7% | ✗ MISS |
Q2 2023 | May 4, 2023 | $0.15 | $0.14 | -6.7% | ✗ MISS |
Q1 2023 | Feb 23, 2023 | $0.18 | $0.03 | -83.3% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $0.23 | $-0.13 | -156.5% | ✗ MISS |
Q3 2022 | Aug 4, 2022 | $0.25 | $0.24 | -4.0% | ✗ MISS |
Q2 2022 | Apr 29, 2022 | $0.21 | $0.02 | -90.5% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.24 | $0.28 | +16.7% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.24 | $-0.05 | -120.8% | ✗ MISS |
Latest News
Cogent Communications Plans To Resume Stock Repurchase Program
📈 PositiveJP Morgan Maintains Neutral on Cogent Comms Hldgs, Lowers Price Target to $23
➖ NeutralRBC Capital Maintains Sector Perform on Cogent Comms Hldgs, Lowers Price Target to $23
➖ NeutralGoldman Sachs Maintains Neutral on Cogent Comms Hldgs, Lowers Price Target to $25
📉 NegativeKeybanc Maintains Overweight on Cogent Comms Hldgs, Lowers Price Target to $30
➖ NeutralUBS Downgrades Cogent Comms Hldgs to Neutral, Lowers Price Target to $27
📉 NegativeWells Fargo Downgrades Cogent Comms Hldgs to Equal-Weight, Lowers Price Target to $27
📉 NegativeCogent Communications Holdings shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeCogent Comms Hldgs Q3 EPS $(0.87) Beats $(1.03) Estimate, Sales $241.949M Miss $245.992M Estimate
➖ NeutralGoldman Sachs Assumes Cogent Comms Hldgs at Neutral, Announces Price Target of $40
➖ NeutralCogent Communications shares are trading higher after Wells Fargo upgraded the stock from Underweight to Overweight and announced a price target of $45.
📈 PositiveCogent shares jump after snagging a double upgrade from Wells Fargo
📈 PositiveWells Fargo Upgrades Cogent Comms Hldgs to Overweight, Announces $45 Price Target
📈 PositiveFrequently Asked Questions about CCOI
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