Cogent Communications (NASDAQ:CCOI) Price Target Cut to $11.00 by Analysts at UBS Group

Cogent Communications (NASDAQ:CCOI) had its target price decreased by research analysts at UBS Group from $17.00 to $11.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective would indicate a potential upside of 0.68% from the stock’s previous close.

CCOI has been the subject of a number of other research reports. Weiss Ratings downgraded shares of Cogent Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada cut their price target on shares of Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday. TD Cowen reduced their price objective on shares of Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. KeyCorp decreased their price objective on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Wells Fargo & Company lowered their target price on Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.05.

Cogent Communications Price Performance

NASDAQ:CCOI traded up $0.58 during trading hours on Friday, reaching $10.93. 1,258,642 shares of the stock were exchanged, compared to its average volume of 1,277,625. Cogent Communications has a twelve month low of $9.00 and a twelve month high of $45.69. The firm has a 50 day moving average of $13.15 and a 200 day moving average of $18.14. The stock has a market cap of $559.63 million, a PE ratio of -11.39 and a beta of 0.80.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.00) by $2.38. The company had revenue of $235.56 million for the quarter, compared to the consensus estimate of $239.55 million. Cogent Communications had a negative net margin of 4.73% and a negative return on equity of 842.48%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned ($1.21) earnings per share. Equities research analysts anticipate that Cogent Communications will post -2.7 earnings per share for the current year.

Insider Buying and Selling at Cogent Communications

In other news, CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $16.79, for a total value of $81,431.50. Following the completion of the transaction, the chief financial officer owned 197,900 shares of the company’s stock, valued at $3,322,741. This trade represents a 2.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Henry W. Kilmer sold 2,400 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.01, for a total transaction of $40,824.00. Following the transaction, the vice president owned 38,600 shares in the company, valued at $656,586. This represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Cogent Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cogent Communications by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 5,580,271 shares of the technology company’s stock valued at $120,311,000 after buying an additional 217,450 shares during the period. Turtle Creek Asset Management Inc. boosted its stake in shares of Cogent Communications by 64.9% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock worth $176,561,000 after acquiring an additional 1,811,222 shares during the period. State Street Corp boosted its stake in shares of Cogent Communications by 6.8% during the 4th quarter. State Street Corp now owns 2,070,132 shares of the technology company’s stock worth $44,632,000 after acquiring an additional 132,454 shares during the period. Park West Asset Management LLC acquired a new position in shares of Cogent Communications during the 4th quarter worth approximately $30,380,000. Finally, Invesco Ltd. increased its holdings in shares of Cogent Communications by 39.8% during the 3rd quarter. Invesco Ltd. now owns 1,402,612 shares of the technology company’s stock worth $53,790,000 after acquiring an additional 399,339 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

More Cogent Communications News

Here are the key news stories impacting Cogent Communications this week:

• Neutral Sentiment: Analyst targets were cut substantially. Citigroup lowered its price target from $20 to $11.50 while maintaining a “neutral” rating, and RBC reduced its target from $18 to $12 with a “sector perform” rating. The revised targets imply limited potential upside and reflect heightened concerns about Cogent’s outlook. Analyst price target changes
• Negative Sentiment: Multiple law firms publicized a securities class action against Cogent. The suit covers investors who purchased shares between February 29, 2024, and May 1, 2026, and alleges violations of federal securities laws. The allegations reportedly concern whether Cogent disclosed demand and wavelength-backlog issues, accurately communicated growth prospects, and provided sufficient information regarding dividend sustainability and forced-sale risks. The claims have not been proven. Securities fraud class action allegations
• Negative Sentiment: The September 21, 2026 lead-plaintiff deadline is drawing additional attention. Rosen, Kaplan Fox, Gross Law, SBS Law and other firms issued investor notices urging eligible shareholders to seek lead-plaintiff status. Although these announcements largely repeat existing information and do not represent new operating developments, their volume keeps the litigation risk prominent and may weigh on the stock. Kaplan Fox class action deadline notice

About Cogent Communications

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.