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How to buy Cogent Communications (CCOI) stocks in Canada

Learn how to easily invest in Cogent Communications stocks.

Cogent Communications is a telecom services business based in the US. Cogent Communications stocks (CCOI.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $75.52 – a decrease of 3.98% over the previous week. Cogent Communications employs 1,031 staff and has a trailing 12-month revenue of around $570.5 million.

How to buy shares in Cogent Communications

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CCOI – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Cogent Communications stock price (NASDAQ:CCOI)

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

Cogent Communications shares at a glance

Information last updated 2022-01-17.
Latest market close$61.44
52-week range$53.93 - $80.06
50-day moving average $74.27
200-day moving average $74.28
Wall St. target price$77.18
PE ratio 133.0353
Dividend yield $3.07 (5.19%)
Earnings per share (TTM) $0.48

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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.

Cogent Communications price performance over time

Historical closes compared with the close of $61.44 from 2022-01-20

1 week (2022-01-14) -3.98%
1 month (2021-12-21) -17.99%
3 months (2021-10-21) -16.43%
6 months (2021-07-21) -19.29%
1 year (2021-01-21) 3.23%
2 years (2020-01-21) -16.70%
3 years (2019-01-18) 26.21%
5 years (2017-01-20) 47.16%

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 133x. In other words, Cogent Communications shares trade at around 133x 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 1.5113. 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 $199.5 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 $570.5 million
Operating margin TTM 19.35%
Gross profit TTM $348.9 million
Return on assets TTM 6.87%
Return on equity TTM 0%
Profit margin 4.04%
Book value $-3.89
Market capitalisation $3.1 billion

TTM: trailing 12 months

Cogent Communications share dividends

6%

Dividend payout ratio: 6.34% of net profits

Recently Cogent Communications has paid out, on average, around 6.34% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.19% 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 5.19% return on their shares, in the form of dividend payments. In Cogent Communications's case, that would currently equate to about $3.07 per share.

While Cogent Communications's payout ratio might seem low, this can signify that Cogent Communications is investing more in its future growth.

Cogent Communications's most recent dividend payout was on 2 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 17 November 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 $53.9299 up to $80.06. 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 0.1348. 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.

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