Cogent Communications (CCOI) Earning Somewhat Favorable News Coverage, Study Shows

Media coverage about Cogent Communications (NASDAQ:CCOI) has trended somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cogent Communications earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.354072881062 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

A number of research analysts have recently weighed in on the company. BidaskClub lowered Cogent Communications from a “strong-buy” rating to a “buy” rating in a report on Saturday. Citigroup lowered Cogent Communications from a “neutral” rating to a “sell” rating and dropped their target price for the company from $43.00 to $39.00 in a report on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Cogent Communications in a report on Wednesday, October 11th. Royal Bank Of Canada restated a “buy” rating and issued a $48.00 target price on shares of Cogent Communications in a report on Monday, September 18th. Finally, Raymond James Financial restated an “underperform” rating on shares of Cogent Communications in a report on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.77.

Shares of Cogent Communications (NASDAQ CCOI) traded down $0.70 during trading on Tuesday, reaching $44.70. The company had a trading volume of 321,373 shares, compared to its average volume of 331,381. The company has a market capitalization of $2,152.99, a price-to-earnings ratio of 130.14, a P/E/G ratio of 12.22 and a beta of 0.58. Cogent Communications has a 1-year low of $36.55 and a 1-year high of $54.85. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84.

Cogent Communications (NASDAQ:CCOI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.06). The business had revenue of $123.00 million for the quarter, compared to the consensus estimate of $123.60 million. Cogent Communications had a negative return on equity of 23.86% and a net margin of 3.37%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. research analysts anticipate that Cogent Communications will post 0.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Friday, November 17th were issued a dividend of $0.48 per share. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Thursday, November 16th. Cogent Communications’s dividend payout ratio (DPR) is 533.33%.

In other Cogent Communications news, VP Timothy G. Oneill sold 2,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $48.75, for a total value of $97,500.00. Following the completion of the sale, the vice president now directly owns 39,052 shares of the company’s stock, valued at $1,903,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Raymond B. Kummer sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $46.62, for a total value of $186,480.00. Following the completion of the sale, the vice president now directly owns 53,340 shares of the company’s stock, valued at $2,486,710.80. The disclosure for this sale can be found here. Insiders have sold 10,866 shares of company stock worth $509,463 over the last quarter. 9.48% of the stock is currently owned by corporate insiders.

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Cogent Communications Company Profile

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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