Cogent Comms Hldgs (NASDAQ:CCOI) Stock

Cogent Comms Hldgs

Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for nearly half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.

Cogent Communications Holdings, Inc. - Common Stock

Cogent Communications Holdings Inc

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Omnicom Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>)</h3>
<ul>
<li>Dividend Yield: 3.78%</li>
<li>JP Morgan analyst David Karnovsky maintained an Overweight rating and cut the price target from $119 to $116 on Jan. 27, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and slashed the price target from $110 to $99 on Dec. 10, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: Omnicom will publish its first quarter results on Tuesday, April 15, after the New York Stock Exchange close of trading.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest OMC <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0411">news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0411"><img loading="lazy" decoding="async" width="915" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072828/image-77.png" alt="" class="wp-image-867731" style="width:576px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072828/image-77.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072828/image-77-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072828/image-77-768x707.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 4.21%</li>
<li>Oppenheimer analyst Timothy Horan maintained an Outperform rating and raised the price target from $27 to $32 on April 1, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $28 to $32 on March 31, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: BT Group has reportedly approached AT&amp;T and Orange SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ORANY#OTC">ORANY</a>) about possible partnerships.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0411">latest T news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0411"><img loading="lazy" decoding="async" width="913" height="846" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072910/image-78.png" alt="" class="wp-image-867732" style="width:475px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072910/image-78.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072910/image-78-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11072910/image-78-768x712.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 7.94%</li>
<li>UBS analyst Christopher Schoell initiated coverage on the stock with a Buy rating and a price target of $102 on Nov. 14, 2024. This analyst has an accuracy rate of 62%.</li>
<li>B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform and cut the price target from $75 to $65 on Aug. 21, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Feb. 27, Cogent Communications reported a fourth-quarter revenue miss.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest CCOI <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0411">news </a></li>
</ul>
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CCOI

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YELP

Shares of companies within the broader communication services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$630.00</td>
<td>$90.0K</td>
<td>1.4K</td>
<td>7.0K</td>
</tr>
<tr>
<td>EA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$145.00</td>
<td>$30.7K</td>
<td>5.4K</td>
<td>1.9K</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/28/25</td>
<td>$980.00</td>
<td>$26.9K</td>
<td>128</td>
<td>1.2K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$97.00</td>
<td>$34.1K</td>
<td>695</td>
<td>663</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$49.0K</td>
<td>9.5K</td>
<td>350</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$230.00</td>
<td>$25.0K</td>
<td>553</td>
<td>287</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$60.00</td>
<td>$26.9K</td>
<td>1.8K</td>
<td>213</td>
</tr>
<tr>
<td>CCOI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$65.00</td>
<td>$36.0K</td>
<td>0</td>
<td>162</td>
</tr>
<tr>
<td>SATS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$30.00</td>
<td>$29.5K</td>
<td>0</td>
<td>73</td>
</tr>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$115.00</td>
<td>$30.1K</td>
<td>12</td>
<td>27</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 99 contract(s) at a $630.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $910.0 per contract. There were 1449 open contracts at this strike prior to today, and today 7088 contract(s) were bought and sold. 
• For EA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), we notice a call option trade that happens to be bearish, expiring in 87 day(s) on June 20, 2025. This event was a transfer of 38 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $810.0 per contract. There were 5485 open contracts at this strike prior to today, and today 1987 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a put option sweep that happens to be neutral, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 35 contract(s) at a $980.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $772.0 per contract. There were 128 open contracts at this strike prior to today, and today 1297 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a call option trade that happens to be bearish, expiring in 23 day(s) on April 17, 2025. This event was a transfer of 90 contract(s) at a $97.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $379.0 per contract. There were 695 open contracts at this strike prior to today, and today 663 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a call option sweep that happens to be bearish, expiring in 297 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $200.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $985.0 per contract. There were 9574 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a put option trade with bearish sentiment. It expires in 661 day(s) on January 15, 2027. Parties traded 4 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $6250.0 per contract. There were 553 open contracts at this strike prior to today, and today 287 contract(s) were bought and sold. 
• Regarding TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we observe a call option trade with neutral sentiment. It expires in 87 day(s) on June 20, 2025. Parties traded 35 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $26.9K, with a price of $770.0 per contract. There were 1882 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold. 
• For CCOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>), we notice a call option sweep that happens to be bullish, expiring in 115 day(s) on July 18, 2025. This event was a transfer of 75 contract(s) at a $65.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $480.0 per contract. There were 0 open contracts at this strike prior to today, and today 162 contract(s) were bought and sold. 
• For SATS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on May 16, 2025. This event was a transfer of 73 contract(s) at a $30.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $405.0 per contract. There were 0 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold. 
• Regarding RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we observe a put option trade with neutral sentiment. It expires in 450 day(s) on June 18, 2026. Parties traded 10 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $3018.0 per contract. There were 12 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BIDU

RDDT

10 Communication Services Stocks With Whale Alerts In Today's Session

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, Johnson &amp; Johnson, and Cogent Communications have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 5%.
Exxon Mobil&nbsp;
Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) engages in the exploration and production of crude oil and natural gas in the U.S. and internationally.
Exxon Mobil has raised its dividends every year for the last 42 years. According to its most recent dividend hike announcement on Nov. 1, the company increased the quarterly payout by 4% to $0.99 per share, which is equal to an annual figure of $3.96 per share. The current dividend yield is 3.76%.
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Exxon Mobil&#8217;s annual revenue as of Dec. 31 stood at $339.25 billion. In its Q4 2024 earnings release on Jan. 31, the company posted quarterly revenues of $83.43 billion, missing the consensus estimate of $87.20 billion, while EPS of $1.67 came in above the consensus of $1.55.&nbsp;
If you invested $10,000 in Exxon Mobil stock 10 years ago, how much would you have now? Check out this <a href="https://www.benzinga.com/markets/25/01/43308384/if-you-invested-10-000-in-exxon-mobil-stock-10-years-ago-how-much-would-you-have-now">article by Benzinga</a> to learn more.
Johnson &amp; Johnson
Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide.
Johnson &amp; Johnson has increased its dividends consecutively for the last 62 years. In its most recent dividend hike announcement on April 16, the company's board raised the quarterly payout by 4.2% to $1.24 per share, equal to an annual figure of $4.96 per share. Currently, the dividend yield on the stock is 3.00%.
Trending: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Johnson &amp; Johnson&#8217;s annual revenue as of Dec. 31 stood at $88.82 billion. As per the company's Q4 2024 earnings report on Jan. 22, it posted revenues of $22.52 billion and EPS of $2.04. Both figures came in above the consensus estimates.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/03/44151435/what-14-analyst-ratings-have-to-say-about-johnson-johnson">article by Benzinga</a> for 14 analysts' insights on Johnson &amp; Johnson.
Cogent Communications
Cogent Communications Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) provides high-speed Internet access, private network, and data center colocation space services in North America, South America, Europe, Oceania, and Africa.
Cogent Communications has increased its dividend consecutively for the last 13 years. As per the company's most recent dividend announcement on Feb. 27, its board of directors raised the quarterly payout by $0.01 to $1.005 per share, which is equal to an annual figure of $4.02 per share. The dividend yield currently stands at 5.72%.
See Also: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
The company's annual revenue as of Dec. 31 stood at $1.04 billion. In its most recent earnings report on Feb. 27, it posted Q4 2024 revenues of $252.29 million, missing expectations, while the per-share loss of $0.91 came in better than feared.&nbsp;
Exxon Mobil, Johnson &amp; Johnson, and Cogent Communications are good choices for investors seeking reliable passive income. Their dividend yields of up to 5% and long history of consistent hikes make them attractive to income-focused investors.
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How Exxon Mobil, Johnson & Johnson, And Cogent Communications Can Put Cash In Your Pocket

Cogent Communications shares are trading lower after the company reported Q4 revenue miss.

On February 26, 2025, Cogent's Board approved a regular quarterly dividend of $1.005 per share payable on March 28, 2025 to shareholders of record on March 13, 2025. This first quarter 2025 regular dividend represents an increase of $0.01 per share, or 1.0%, from the fourth quarter 2024 regular dividend of $0.995 per share and an annual increase of 4.1% from the first quarter 2024 dividend of $0.965 per share.&nbsp;
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Cogent Communications Board Approved A Quarterly Dividend Per Share Of $1.005 For Q1 Vs $$0.965 A Year Ago

Earnings

Earnings Beats

Earnings Misses

Cogent Comms Hldgs Q4 2024 GAAP EPS $(0.91) Beats $(1.20) Estimate, Sales $252.291M Miss $258.232M Estimate

AAON

ABCL

ACEL

ACHC

ACHR

ACIC

ACIW

ADSK

AIRG

ALEX

ALHC

ALKT

ALTM

AMBP

AMPH

AMRC

AMWD

ARGX

ARLO

ARRY

ASTH

AUPH

AVPT

BBWI

BCSF

BECN

BLND

BWMX

CABO

CARS

CDXS

CLCO

CLOV

CMBT

CMLS

CMPS

CODI

COLL

CRDF

CRNX

CRON

CSTL

CTKB

CUBE

CVEO

CYTK

DAIO

DCGO

DELL

DUOL

ECVT

EFXT

ERIE

Embraer-Empresa Brasileira De Aeronautica

ESEA

ESTC

EVRG

EXFY

FIGS

FOXF

FTDR

GBTG

GDEN

GDOT

GDRX

Earnings Scheduled For February 27, 2025

Cogent Comms Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NYSE">CCOI</a>) short percent of float has fallen 8.3% since its last report. The company recently reported that it has 3.45 million shares sold short, which is 11.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Cogent Comms Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740498322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cogent Comms Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cogent Comms Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Cogent Comms Hldgs's peer group average for short interest as a percentage of float is 6.22%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Cogent Comms Hldgs's Recent Short Interest

6 analysts have shared their evaluations of Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cogent Comms Hldgs and provided 12-month price targets. The average target is $80.67, accompanied by a high estimate of $102.00 and a low estimate of $65.00. This current average reflects an increase of 11.73% from the previous average price target of $72.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1731618095_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Cogent Comms Hldgs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Schoell</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Bora Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$74.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$65.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cogent Comms Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cogent Comms Hldgs compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Cogent Comms Hldgs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Cogent Comms Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCOI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cogent Comms Hldgs analyst ratings.</a>
<h2>Unveiling the Story Behind Cogent Comms Hldgs</h2>
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
<h3>Key Indicators: Cogent Comms Hldgs's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Cogent Comms Hldgs faced challenges, resulting in a decline of approximately -6.62% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Cogent Comms Hldgs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -24.54% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cogent Comms Hldgs's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -17.08%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cogent Comms Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of -1.93%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 6.95.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Cogent Comms Hldgs Analyst Ratings

UBS analyst Christopher Schoell initiates coverage on Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Buy rating and announces Price Target of $102.

Initiation

UBS Initiates Coverage On Cogent Comms Hldgs with Buy Rating, Announces Price Target of $102

Cogent Communications Raises Dividend From $0.985 To $0.995

Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) reported quarterly sales of $260.40 million which beat the analyst consensus estimate of $258.69 million by 0.66 percent. This is a 5.46 percent decrease over sales of $275.43 million the same period last year.

Cogent Comms Hldgs Q3 Sales $260.40M Beat $258.69M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
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<li>Dividend Yield: 6.30%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $52 to $55 on Oct. 1. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $47 to $49 on Sept. 25. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Verizon, last week, announced new round of grant funding for small businesses.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">latest VZ news</a>.</li>
</ul>
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<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $21 to $24 on Sept. 11. This analyst has an accuracy rate of 77%</li>
<li>Recent News: The company&#8217;s board of directors declared a quarterly dividend of $27.75 cents per share on common shares.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"> latest T news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96.png" alt="" class="wp-image-593775" style="width:726px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96-768x705.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 4.90%</li>
<li>B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform rating and cut the price target from $75 to $65 on Aug. 21. This analyst has an accuracy rate of 66%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">trend in CCOI stock.</a></li>
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Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields

Goldman Sachs analyst James Schneider maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Neutral and raises the price target from $62 to $71.

Goldman Sachs Maintains Neutral on Cogent Comms Hldgs, Raises Price Target to $71

RBC Capital analyst Bora Lee reiterates Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Outperform and maintains $74 price target.

Reiteration

RBC Capital Reiterates Outperform on Cogent Comms Hldgs, Maintains $74 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
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<li>Truist Securities raised the price target for AvalonBay Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) from $213 to $230. Truist Securities analyst Michael Lewis maintained a Hold rating. AvalonBay Communities shares fell 0.8% to close at $219.92 on Monday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. lowered the price target for Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) from $2 to $1.5. HC Wainwright &amp; Co. analyst Scott Buck maintained a Neutral rating. Versus Systems shares fell 4.3% to close at $1.35 on Monday.<a href="https://www.benzinga.com/quote/VS/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Roth MKM raised Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) price target from $25 to $29. Roth MKM analyst Leo Mariani upgraded the stock from Neutral to Buy. Coterra Energy shares gained 0.2% to close at $24.20 on Monday. <a href="https://www.benzinga.com/quote/CTRA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from $195 to $182. Citigroup analyst Thomas Palmer downgraded the stock from Neutral to Sell. Hershey shares gained 0.04% to close at $196.41 on Monday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein raised Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) price target from $68 to $70. Bernstein analyst Peter Weed maintained a Market Perform rating. Twilio shares fell 0.2% to close at $60.67 on Monday. <a href="https://www.benzinga.com/quote/TWLO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $80 to $90. Keybanc analyst Brandon Nispel maintained an Overweight rating. Cogent Communications shares fell 0.2% to close at $72.81 on Monday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham increased the price target for Napco Security Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) from $52 to $57. Needham analyst James Ricchiuti maintained a Buy rating. Napco Security shares fell 14.6% to close at $47.38 on Monday. <a href="https://www.benzinga.com/quote/NSSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) price target from $70 to $78. Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating. Coca-Cola shares gained 1.5% to close at $70.84 on Monday.<a href="https://www.benzinga.com/quote/KO/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Benchmark raised Frontier Communications Parent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) price target from $35 to $37. Benchmark analyst Matthew Harrigan maintained a Buy rating. Frontier Communications shares rose 2.9% to close at $29.46 on Monday. <a href="https://www.benzinga.com/quote/FYBR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $710 to $750. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Netflix shares rose 0.3% to close at $688.44 on Monday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
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CTRA

FYBR

NSSC

TWLO

Netflix To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Tuesday

Keybanc analyst Brandon Nispel maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Overweight and raises the price target from $80 to $90.

Keybanc Maintains Overweight on Cogent Comms Hldgs, Raises Price Target to $90

On Monday, Cogent Communications Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) received a <a href="https://www.benzinga.com/news/24/08/40439400/cogent-communications-to-rally-around-12-here-are-10-top-analyst-forecasts-for-monday">price target increase from Citigroup analyst Michael Rollins</a>.
While wavelengths remain a longer-term growth opportunity, the company has fallen behind schedule, according to BofA Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58beb7e5b85e930001906331/david-barden">Analyst David Barden</a> downgraded the rating for Cogent Communications from Neutral to Underperform, while cutting the price target from $75 to $65.
The Cogent Communications Thesis: The Sprint Wireline acquisition was completed more than a year ago, but the company "remains deeply immersed in the Sprint network integration," falling well behind schedule in monetizing the wavelength opportunity, Barden said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Wavelength sales of $3.3 million in the first quarter and of $3.6 million in the second quarter came below Street estimates and "well below management&#8217;s targets shared at the Sprint network acquisition closing," he added.
"Management originally believed it could achieve a $20mn wavelength sales run-rate by 4Q24 but withdrew this guidance as provisioning times for wavelength services remained elongated due to (surmountable) engineering complexities," the analyst wrote.
A positive inflection point for the business is likely to take place only in the back half of 2025, Barden stated.
CCOI Price Action: Shares of Cogent Communications were down 2.82% to $72.62 at the time of publication on Wednesday.
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Analyst Color

Downgrades

Cogent Communications Faces Setback: Analyst Downgrades Stock Due To Delayed Growth

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
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<li>Jefferies raised the price target for BrightView Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) from $13 to $17. Jefferies analyst Stephanie Moore upgraded the stock from Hold to Buy. BrightView shares fell 2.9% to close at $14.54 on Tuesday. <a href="https://www.benzinga.com/quote/BV/analyst-ratings">See how other analysts view this stock.</a></li>
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<li>Citigroup raised Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) price target from $200 to $235. Citigroup analyst Christopher Danely upgraded the stock from Neutral to Buy. Texas Instruments shares gained 0.9% to close at $202.54 on Tuesday. <a href="https://www.benzinga.com/quote/TXN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) from $82 to $90. Baird analyst David Rescott maintained a Neutral rating. Medtronic shares gained 0.7% to close at $85.38 on Tuesday. <a href="https://www.benzinga.com/quote/MDT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) price target from $98 to $100. Morgan Stanley analyst Andrew Percoco maintained an Equal-Weight rating. Enphase Energy shares fell 2.3% to close at $116.98 on Tuesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities slashed Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $75 to $65. B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform. Cogent Communications shares fell 1.4% to close at $74.73 on Tuesday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho increased the price target for Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from $44 to $47. Mizuho analyst John Roberts upgraded the stock from Neutral to Outperform. Corning shares gained 0.3% to close at $40.73 on Tuesday. <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>CLSA cut Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) price target from $15.8 to $12. CLSA analyst Leo You downgraded the stock from Outperform to Hold. Vipshop shares dipped 17.6% to close at $11.56 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock.</a></li>
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DRMA

ENPH

VIPS

Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday

Press Releases

Cogent Communications CEO to Present at Three Upcoming Conferences

Cogent Communications CEO to Present at Two Upcoming Conferences

Cogent Communications to Host Third Quarter 2024 Earnings Call on November 7, 2024

Cogent Communications Reports Third Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock

Cogent Communications CEO to Present at an Upcoming Conference

Cogent Communications CEO to Present at Four Upcoming Conferences

Cogent Communications to Host Fourth Quarter and Full Year 2024 Earnings Call on February 27, 2025

Cogent Communications Reports Fourth Quarter and Full Year 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock

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