Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cogent Communications Holdings (CCOI) Stock Price

News articles about Cogent Communications Holdings (NASDAQ:CCOI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cogent Communications Holdings earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.4500410391104 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Shares of Cogent Communications Holdings (NASDAQ:CCOI) traded down 2.262% during trading on Friday, hitting $42.125. The stock had a trading volume of 77,783 shares. The stock has a 50-day moving average price of $42.38 and a 200 day moving average price of $41.76. Cogent Communications Holdings has a 12 month low of $34.23 and a 12 month high of $45.25. The company has a market cap of $1.88 billion, a P/E ratio of 120.357 and a beta of 0.74.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.23 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Cogent Communications Holdings will post $0.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, August 16th. This is a boost from Cogent Communications Holdings’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a yield of 4.27%. Cogent Communications Holdings’s dividend payout ratio (DPR) is 511.11%.

A number of brokerages recently commented on CCOI. Royal Bank Of Canada raised their price target on Cogent Communications Holdings from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Cowen and Company reaffirmed a “hold” rating and issued a $46.00 price target on shares of Cogent Communications Holdings in a research note on Friday, August 4th. BidaskClub lowered Cogent Communications Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research lowered Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Off Wall Street began coverage on Cogent Communications Holdings in a research report on Monday, July 31st. They set a “sell” rating and a $29.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.45.

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In other news, VP Timothy G. Oneill sold 1,000 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $40.25, for a total value of $40,250.00. Following the transaction, the vice president now directly owns 43,052 shares of the company’s stock, valued at $1,732,843. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thaddeus Gerard Weed sold 2,250 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.51, for a total value of $97,897.50. Following the completion of the transaction, the chief financial officer now directly owns 72,650 shares in the company, valued at $3,161,001.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,933 shares of company stock valued at $1,169,426. 9.48% of the stock is currently owned by company insiders.

About Cogent Communications Holdings

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.

Insider Buying and Selling by Quarter for Cogent Communications Holdings (NASDAQ:CCOI)

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