How to buy Cogent Communications stock | $71.98

Cogent Communications Holdings Inc is a telecom services business based in the US. Cogent Communications shares (CCOI) are listed on the NASDAQ and all prices are listed in US Dollars. Cogent Communications employs 1,087 staff and has a trailing 12-month revenue of around 0.00.

Cogent Communications stock price (NASDAQ: CCOI)

Use our graph to track the performance of CCOI stocks over time.

Cogent Communications shares at a glance

• Key figures

Information last updated 2021-09-18.

Latest market close	$71.98
52-week range	$50.79 - $78.74
50-day moving average	$73.75
200-day moving average	$72.70
Wall St. target price	$83.00
PE ratio	724.4554
Dividend yield	$2.97 (4.15%)
Earnings per share (TTM)	$0.10

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Is it a good time to buy Cogent Communications stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cogent Communications price performance over time

Historical closes compared with the close of $71.98 from 2021-09-20

1 week (2021-09-15)	-1.56%
1 month (2021-08-20)	0.56%
3 months (2021-06-22)	-9.13%
6 months (2021-03-22)	10.53%

1 year (2020-09-22)	16.40%
2 years (2019-09-20)	27.99%
3 years (2018-09-21)	31.35%
5 years (2016-09-22)	94.80%

Is Cogent Communications under- or over-valued?

Valuing Cogent Communications stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cogent Communications's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cogent Communications's P/E ratio

Cogent Communications's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 724x. In other words, Cogent Communications shares trade at around 724x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cogent Communications's PEG ratio

Cogent Communications's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.7693. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cogent Communications's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Cogent Communications's EBITDA

Cogent Communications's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $196.4 million.

The EBITDA is a measure of a Cogent Communications's overall financial performance and is widely used to measure a its profitability.

Cogent Communications financials

Revenue TTM	$563.5 million
Operating margin TTM	19.22%
Gross profit TTM	$348.9 million
Return on assets TTM	6.71%
Return on equity TTM	0%
Profit margin	0.85%
Book value	$-3.89
Market capitalisation	$3.5 billion

TTM: trailing 12 months

Shorting Cogent Communications shares

There are currently 1.0 million Cogent Communications shares held short by investors – that's known as Cogent Communications's "short interest". This figure is 9.4% up from 922,476 last month.

There are a few different ways that this level of interest in shorting Cogent Communications shares can be evaluated.

Cogent Communications's "short interest ratio" (SIR)

Cogent Communications's "short interest ratio" (SIR) is the quantity of Cogent Communications shares currently shorted divided by the average quantity of Cogent Communications shares traded daily (recently around 236893.42723005). Cogent Communications's SIR currently stands at 4.26. In other words for every 100,000 Cogent Communications shares traded daily on the market, roughly 4260 shares are currently held short.

However Cogent Communications's short interest can also be evaluated against the total number of Cogent Communications shares, or, against the total number of tradable Cogent Communications shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cogent Communications's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Cogent Communications shares in existence, roughly 20 shares are currently held short) or 0.0246% of the tradable shares (for every 100,000 tradable Cogent Communications shares, roughly 25 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cogent Communications.

Find out more about how you can short Cogent Communications stock.

Cogent Communications share dividends

Dividend payout ratio: 27.91% of net profits

Recently Cogent Communications has paid out, on average, around 27.91% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cogent Communications shareholders could enjoy a 4.4% return on their shares, in the form of dividend payments. In Cogent Communications's case, that would currently equate to about $2.97 per share.

While Cogent Communications's payout ratio might seem fairly standard, it's worth remembering that Cogent Communications may be investing much of the rest of its net profits in future growth.

Cogent Communications's most recent dividend payout was on 2 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 August 2021 (the "ex-dividend date").

Have Cogent Communications's shares ever split?

Cogent Communications's shares were split on a 1:20 basis on 23 March 2005. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Cogent Communications shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Cogent Communications shares which in turn could have impacted Cogent Communications's share price.

Cogent Communications share price volatility

Over the last 12 months, Cogent Communications's shares have ranged in value from as little as $50.7884 up to $78.7436. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cogent Communications's is 0.0955. This would suggest that Cogent Communications's shares are less volatile than average (for this exchange).

Cogent Communications overview

Cogent Communications Holdings, Inc. , through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 2,914 buildings and on-net services to 1,792 to multi-tenant office buildings.

Frequently asked questions

What percentage of Cogent Communications is owned by insiders or institutions?
Currently 12.111% of Cogent Communications shares are held by insiders and 86.178% by institutions. How many people work for Cogent Communications?
Latest data suggests 1,087 work at Cogent Communications. When does the fiscal year end for Cogent Communications?
Cogent Communications's fiscal year ends in December. Where is Cogent Communications based?
Cogent Communications's address is: 2450 North Street NW, Washington, DC, United States, 20037 What is Cogent Communications's ISIN number?
Cogent Communications's international securities identification number is: US19239V3024 What is Cogent Communications's CUSIP number?
Cogent Communications's Committee on Uniform Securities Identification Procedures number is: 19239V104