Q3 EPS Forecast for Cogent Communications Boosted by Analyst

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Stock analysts at Zacks Research upped their Q3 2026 earnings per share estimates for shares of Cogent Communications in a report issued on Thursday, August 27th. Zacks Research analyst Team now expects that the technology company will earn ($0.93) per share for the quarter, up from their previous forecast of ($0.94). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Cogent Communications’ Q4 2026 earnings at ($0.76) EPS, FY2026 earnings at ($3.32) EPS, Q1 2027 earnings at ($0.81) EPS, Q2 2027 earnings at ($0.80) EPS, Q3 2027 earnings at ($0.66) EPS, Q4 2027 earnings at ($0.73) EPS, FY2027 earnings at ($3.00) EPS, Q1 2028 earnings at ($0.69) EPS, Q2 2028 earnings at ($0.49) EPS and FY2028 earnings at ($2.22) EPS.

A number of other research firms also recently commented on CCOI. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $9.00 target price (down from $22.00) on shares of Cogent Communications in a report on Wednesday, August 19th. KeyCorp reduced their price target on shares of Cogent Communications from $25.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Wall Street Zen raised shares of Cogent Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of Cogent Communications in a research note on Monday, August 17th. Finally, TD Cowen dropped their price objective on shares of Cogent Communications from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.55.

Cogent Communications Stock Performance

Shares of CCOI stock opened at $9.54 on Monday. The stock’s 50-day simple moving average is $11.85 and its 200-day simple moving average is $16.94. The firm has a market capitalization of $488.64 million, a PE ratio of -9.94 and a beta of 0.80. Cogent Communications has a fifty-two week low of $9.00 and a fifty-two week high of $45.69.

Cogent Communications (NASDAQ:CCOI) last issued its earnings results on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.00) by $2.38. The company had revenue of $235.56 million during the quarter, compared to analyst estimates of $239.55 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.21) EPS.

Cogent Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.02 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.8%. Cogent Communications’s dividend payout ratio is presently -8.33%.

Insider Activity

In related news, CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $16.79, for a total transaction of $81,431.50. Following the completion of the transaction, the chief financial officer directly owned 197,900 shares in the company, valued at approximately $3,322,741. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Henry W. Kilmer sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $17.01, for a total value of $40,824.00. Following the completion of the transaction, the vice president directly owned 38,600 shares of the company’s stock, valued at $656,586. The trade was a 5.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cogent Communications

Several large investors have recently made changes to their positions in CCOI. Turtle Creek Asset Management Inc. grew its position in Cogent Communications by 64.9% during the third quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after buying an additional 1,811,222 shares during the period. Park West Asset Management LLC acquired a new position in shares of Cogent Communications in the fourth quarter worth about $30,380,000. Bank of America Corp DE boosted its stake in shares of Cogent Communications by 551.2% during the 3rd quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock worth $43,965,000 after acquiring an additional 970,367 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Cogent Communications by 1,545.0% during the 2nd quarter. California State Teachers Retirement System now owns 752,005 shares of the technology company’s stock worth $10,438,000 after acquiring an additional 706,291 shares in the last quarter. Finally, MIG Capital LLC acquired a new stake in shares of Cogent Communications during the 4th quarter valued at about $12,272,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Cogent Communications

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

• Positive Sentiment: Zacks outlook provides a counterpoint: Zacks Research issued an optimistic outlook for Cogent’s earnings, potentially offering some support if the company can improve operating performance. Zacks Research Issues Optimistic Outlook for CCOI Earnings
• Neutral Sentiment: Multiple firms repeat the same class-action deadline: Rosen, Kaplan Fox, Robbins Geller, Faruqi & Faruqi, Bragar Eagel & Squire and other firms are encouraging investors who purchased CCOI shares between February 29, 2024, and May 1, 2026, to contact counsel before the September 21 lead-plaintiff deadline. These notices primarily seek investor participation and do not represent a new operating update from Cogent. Rosen Cogent class-action deadline notice
• Negative Sentiment: Litigation risk is the main downside catalyst: The lawsuit and related announcements allege that Cogent failed to disclose demand and backlog issues, potentially overstated growth prospects, and maintained an unsustainable dividend policy. One law firm said the alleged disclosures preceded an approximately 29% share-price decline. The complaints also raise alleged insider-pledging and forced-sale risks. The allegations have not been proven, but continued legal claims could increase costs, reputational risk and uncertainty for shareholders. Hagens Berman Cogent securities fraud class-action 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.