Currently, Cogent Communications Holdings Inc [CCOI] is trading at $64.57, down -0.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CCOI shares have gain 1.37% over the last week, with a monthly amount drifted -5.48%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, Cogent Communications Reports Fourth Quarter and Full Year 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock. In a post published today on Yahoo Finance, Financial and Business Highlights.
From an analyst’s perspective:
Cogent Communications Holdings Inc [NASDAQ: CCOI] stock has seen the most recent analyst activity on March 07, 2024, when BofA Securities downgraded its rating to a Neutral but kept the price target unchanged to $75 for it. Previously, Goldman upgraded its rating to Neutral on August 21, 2023, and elevated its price target to $64. On August 11, 2023, upgrade upgraded it’s rating to Outperform. JP Morgan downgraded its rating to a Neutral and decreased its price target to $70 on May 08, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $85 on May 03, 2023. Credit Suisse downgraded its rating to Neutral for this stock on October 11, 2022, and downed its price target to $56. In a note dated September 27, 2022, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $64.
This stock has fluctuated between a low of $57.35 and a high of $86.00 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. Cogent Communications Holdings Inc [NASDAQ: CCOI] shares were valued at $64.57 at the most recent close of the market. An investor can expect a potential return of 23.9% based on the average CCOI price forecast.
Analyzing the CCOI fundamentals
Trailing Twelve Months sales for Cogent Communications Holdings Inc [NASDAQ:CCOI] were 940.92M which represents 79.04% growth. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at 1.3%, and Net Profit Margin reading is 1.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.37, Equity is 4.89 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.88 points at the first support level, and at 63.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.00, and for the 2nd resistance point, it is at 65.43.
Cogent Communications Holdings Inc [CCOI] reported earnings per share of $4.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.86/share, meaning a difference of $5.03 and a surprise factor of 584.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.2 per share as compared to estimates of -$0.99 per share, a difference of -$0.21 representing a surprise of -21.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cogent Communications Holdings Inc [NASDAQ:CCOI] is 1.38. Further, the Quick Ratio stands at 1.38, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 5.15 and price to earnings (TTM) ratio is 2.41.
Transactions by insiders
Recent insider trading involved SCHAEFFER DAVE, CHAIRMAN, CEO, AND PRESIDENT, that happened on Mar 15 ’24 when 26174.0 shares were sold. CHAIRMAN, CEO, AND PRESIDENT, SCHAEFFER DAVE completed a deal on Mar 13 ’24 to sell 30000.0 shares. Meanwhile, CHAIRMAN, CEO, AND PRESIDENT SCHAEFFER DAVE sold 8826.0 shares on Mar 06 ’24.
