Cogent Communications Holdings Inc (CCOI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. The current market capitalization of Cogent Communications Holdings Inc is $2.73B. A total of 0.33 million shares were traded on the day, compared to an average of 513.80K shares.

In the most recent transaction, SCHAEFFER DAVE sold 60,000 shares of CCOI for 51.78 per share on Jun 14 ’24. After the transaction, the CHAIRMAN, CEO, AND PRESIDENT now owns 4,433,038 company shares. In a previous transaction on Jun 12 ’24, SCHAEFFER DAVE sold 60,000 shares at 54.60 per share. CCOI shares that CHAIRMAN, CEO, AND PRESIDENT owns now total 4,493,038.

Among the insiders who bought shares, Montagner Marc acquired of 10,000 shares on Jun 11 ’24 at a per-share price of $52.61. This resulted in the Director holding 79,468 shares of CCOI after the transaction. In another insider transaction, WEED THADDEUS GERARD sold 2,400 shares at $52.60 per share on Jun 10 ’24. Company shares held by the VICE PRESIDENT, CFO now total 93,300.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cogent Communications Holdings Inc pays an annual dividend of $3.84, resulting in a dividend yield of 6.90%, and it has a price to earnings (P/E) ratio of 2.20. CCOI’s most recent ex-dividend date was 5/22/2024 when it declared a $0.9750 quarterly dividend that was paid in cash on 6/7/2024. Previously, the company paid the dividend on 4/9/2024 with an ex-dividend date of 3/14/2024. The CCOI stock dividend was $0.9650 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CCOI has a high of $86.00 and a low of $50.80.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CCOI’s latest balance sheet shows that the firm has $319.61M in Cash & Short Term Investments as of fiscal 2021. There were $1.26B in debt and $81.01M in liabilities at the time. Its Book Value Per Share was $10.21, while its Total Shareholder’s Equity was -$373.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCOI is Buy with a score of 3.82.

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