Cogent Communications (NASDAQ:CCOI) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 21st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Cogent Communications stock opened at $48.75 on Thursday. Cogent Communications has a fifty-two week low of $35.75 and a fifty-two week high of $57.65. The company has a market cap of $2.26 billion, a PE ratio of 128.29, a P/E/G ratio of 6.41 and a beta of 0.63.
In related news, CFO Thaddeus Gerard Weed sold 3,000 shares of Cogent Communications stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $46.89, for a total transaction of $140,670.00. Following the transaction, the chief financial officer now directly owns 66,050 shares of the company’s stock, valued at $3,097,084.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lewis H. Ferguson sold 800 shares of Cogent Communications stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $47.20, for a total transaction of $37,760.00. Following the transaction, the director now directly owns 950 shares in the company, valued at $44,840. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,050 shares of company stock worth $477,078. 10.21% of the stock is currently owned by corporate insiders.
CCOI has been the subject of several research analyst reports. Deutsche Bank raised shares of Cogent Communications from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Monday, December 17th. Royal Bank of Canada set a $48.00 price target on shares of Cogent Communications and gave the company a “hold” rating in a research note on Tuesday, November 13th. Zacks Investment Research raised shares of Cogent Communications from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, January 7th. BidaskClub downgraded shares of Cogent Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Finally, ValuEngine downgraded shares of Cogent Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.86.
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Cogent Communications Company Profile
Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Asia.
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