Cogent Communications (NASDAQ:CCOI) is set to post its quarterly earnings results on Wednesday, February 21st. Analysts expect Cogent Communications to post earnings of $0.12 per share for the quarter.
Cogent Communications (CCOI) opened at $44.10 on Tuesday. The company has a market capitalization of $2,026.61, a price-to-earnings ratio of 122.50, a PEG ratio of 6.24 and a beta of 0.49. The company has a debt-to-equity ratio of -8.84, a current ratio of 4.22 and a quick ratio of 4.22. Cogent Communications has a 1 year low of $37.85 and a 1 year high of $54.85.
Several research analysts have recently commented on the company. Raymond James Financial reissued an “underperform” rating on shares of Cogent Communications in a research report on Friday, November 3rd. Zacks Investment Research lowered Cogent Communications from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Jefferies Group boosted their price target on Cogent Communications from $39.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. SunTrust Banks lowered Cogent Communications from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Friday, November 3rd. Finally, BidaskClub lowered Cogent Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Cogent Communications currently has a consensus rating of “Hold” and an average target price of $42.27.
In related news, VP Henry W. Kilmer sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $44.54, for a total transaction of $133,620.00. Following the transaction, the vice president now directly owns 33,600 shares of the company’s stock, valued at approximately $1,496,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Liebhaber bought 700 shares of Cogent Communications stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $45.30 per share, for a total transaction of $31,710.00. Following the completion of the transaction, the director now directly owns 71,045 shares in the company, valued at $3,218,338.50. The disclosure for this purchase can be found here. Insiders have sold a total of 13,250 shares of company stock worth $611,435 over the last ninety days. 9.48% of the stock is currently owned by corporate 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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