The Street Is Finally Waking Up To Cogent Communications Holdings Inc (NASDAQ: CCOI)

After Hours

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.

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Stocks Info

Cogent Communications Holdings Inc is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Telecom Services industry. The current market capitalization of Cogent Communications Holdings Inc is $3.37B. A total of 0.69 million shares were traded on the day, compared to an average of 549.78K 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Cogent Communications Holdings Inc pays an annual dividend of $3.84, resulting in a dividend yield of 5.58%, and it has a price to earnings (P/E) ratio of 2.73. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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