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. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
IPO Year:
Exchange: NASDAQ
Website: cogentco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | $102.00 | Buy | UBS |
| 8/21/2024 | $75.00 → $65.00 | Neutral → Underperform | BofA Securities |
| 7/1/2024 | $56.00 | Neutral | Goldman |
| 3/7/2024 | $75.00 | Buy → Neutral | BofA Securities |
| 8/21/2023 | $43.00 → $64.00 | Sell → Neutral | Goldman |
| 8/11/2023 | Market Perform → Outperform | TD Cowen | |
| 5/8/2023 | $72.00 → $70.00 | Overweight → Neutral | JP Morgan |
| 5/3/2023 | $45.00 → $85.00 | Underperform → Buy | BofA Securities |
| 10/11/2022 | $74.00 → $56.00 | Outperform → Neutral | Credit Suisse |
| 9/27/2022 | $64.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
BURLINGTON, Mass., March 14, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has named industry veteran Marc Montagner as its new Chief Financial Officer (CFO), effective April 4, 2022. He will be based in the Cerence Burlington, Massachusetts headquarters and will report to Stefan Ortmanns, Cerence CEO. Mr. Montagner, who most recently served as CFO at Endurance International, is a proven, global CFO with a superior track record of delivering results and creating value. He is a widely respected, high-impact executive who brings a compelling mix of financial and operational discipline, finely tuned communication skills, and transf
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WASHINGTON, Nov. 11, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ:CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conference: The RBC Capital Markets 2024 Global TIMT Conference is being held at the InterContinental New York Barclay. Dave Schaeffer will be presenting on Wednesday, November 20th at 9:20 a.m. ET. Investors and other interested parties may access a live audio webcast of the conference presentation by going to the "
Financial and Business Highlights Service revenue was $260.4 million for Q2 2024 and was $257.2 million for Q3 2024.Wavelength revenue increased by 45.8%, sequentially, and was $3.6 million for Q2 2024 and $5.3 million for Q3 2024.Revenue from leasing IPv4 addresses increased by 11.8%, sequentially, and was $11.5 million for Q2 2024 and $12.8 million for Q3 2024.EBITDA increased by 32.2% from Q2 2024 to $35.9 million for Q3 2024.EBITDA margin was 10.4% for Q2 2024 and 13.9% for Q3 2024.Net cash used in operating activities was $52.4 million for Q3 2023, $22.2 million for Q2 2024 and $20.2 million for Q3 2024.Cogent approved an increase of $0.01 per share to its regular quarterly dividend for
WASHINGTON, Oct. 22, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on November 7, 2024 to present Cogent's operating results for the third quarter of 2024 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on November 7, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers 1-646-968-2525 for international callers Conference ID 6641307 We rec
WASHINGTON, Sept. 12, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ:CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conferences: The Deutsche Bank 32nd Annual Leveraged Finance Conference is being held at The Phoenician in Scottsdale, AZ. Dave Schaeffer will be presenting on Tuesday, September 24 at 2:55 p.m. PT. The RBC 2024 Global Communications Infrastructure Conference is being held at the Waldorf Astoria in Chicago, IL. Dave
WASHINGTON, Aug. 22, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ:CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conferences: The Citi 2024 Global TMT Conference is being held at the Lotte New York Palace in New York, NY. Dave Schaeffer will be presenting on Wednesday, September 4 at 1:20 p.m. ET. The BofA Securities 2024 Media,Communications and Entertainment Conference is being held at the Bank of America Pavilion in New York
Financial and Business Highlights Service revenue was $239.8 million for Q2 2023 and was $260.4 million for Q2 2024.EBITDA margin was 6.9% for Q1 2024 and 10.4% for Q2 2024.EBITDA, as adjusted for Sprint acquisition costs and cash received under the IP Transit Agreement with T-Mobile was $115.0 million for Q1 2024 and $106.2 million for Q2 2024.Gross margin – Non-GAAP - was 36.7% for Q1 2024 and 40.2% for Q2 2024.Gross margin was 9.9% for Q1 2024 and 11.6% for Q2 2024.Gross leverage ratio was 3.57 for Q1 2024 and was 4.06 for Q2 2024.Net leverage ratio was 3.17 for Q1 2024 and was 3.14 for Q2 2024.Cogent closed its issuance of $206.0 million of its 7.9% IPV4 Securitized Notes on May 2, 2024.
WASHINGTON, July 25, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ:CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conferences: The KeyBanc Capital Markets Technology Leadership Forum is being held in Vail, CO. Dave Schaeffer will be presenting on Monday, August 5th at 11:00 a.m. MT. The BofA SMID Cap Conference is being held virtually. Dave Schaeffer will be presenting on Tuesday, August 6th at 2:00 p.m. ET. The 27th Annual Oppe
WASHINGTON, July 17, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on August 8, 2024 to present Cogent's operating results for the second quarter of 2024 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on August 8, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers1-646-968-2525 for international callersConference ID 6641307We recommend caller
WASHINGTON, June 5, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ:CCOI) (the "Company" or "Cogent") today announced that two of its wholly owned subsidiaries, Cogent Communications Group, LLC (f/k/a Cogent Communications Group, Inc.) ("Cogent Group") and Cogent Finance, Inc. (the "Co-Issuer" and, together with Cogent Group, the "Issuers"), intend to commence an offering of $300.0 million aggregate principal amount of 7.000% senior notes due 2027 (the "Notes") to be offered and sold only to persons reasonably believed to be "qualified institutional buyers" in an unregistered offering pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"),
Financial and Business Highlights Service revenue for Q1 2024 was $266.2 million and $272.1 million for Q4 2023.Wavelength revenue increased sequentially by 7.0% to $3.3 million for Q1 2024.Revenue under the Commercial Services Agreement with T-Mobile was $8.6 million for Q4 2023 and $3.2 million for Q1 2024. Non-core revenue decreased from Q4 2023 to Q1 2024 by 16.8% from $7.3 million to $6.0 million.Net cash used in operating activities was $48.7 million for Q4 2023 and net cash provided by operating activities was $19.2 million for Q1 2024.Net cash provided by investing activities was $60.1 million for Q4 2023 and $51.0 million for Q1 2024.Cash received under the IP Transit Agreement with
Financial and Business Highlights Service revenue was $260.4 million for Q2 2024 and was $257.2 million for Q3 2024.Wavelength revenue increased by 45.8%, sequentially, and was $3.6 million for Q2 2024 and $5.3 million for Q3 2024.Revenue from leasing IPv4 addresses increased by 11.8%, sequentially, and was $11.5 million for Q2 2024 and $12.8 million for Q3 2024.EBITDA increased by 32.2% from Q2 2024 to $35.9 million for Q3 2024.EBITDA margin was 10.4% for Q2 2024 and 13.9% for Q3 2024.Net cash used in operating activities was $52.4 million for Q3 2023, $22.2 million for Q2 2024 and $20.2 million for Q3 2024.Cogent approved an increase of $0.01 per share to its regular quarterly dividend for
WASHINGTON, Oct. 22, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on November 7, 2024 to present Cogent's operating results for the third quarter of 2024 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on November 7, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers 1-646-968-2525 for international callers Conference ID 6641307 We rec
Financial and Business Highlights Service revenue was $239.8 million for Q2 2023 and was $260.4 million for Q2 2024.EBITDA margin was 6.9% for Q1 2024 and 10.4% for Q2 2024.EBITDA, as adjusted for Sprint acquisition costs and cash received under the IP Transit Agreement with T-Mobile was $115.0 million for Q1 2024 and $106.2 million for Q2 2024.Gross margin – Non-GAAP - was 36.7% for Q1 2024 and 40.2% for Q2 2024.Gross margin was 9.9% for Q1 2024 and 11.6% for Q2 2024.Gross leverage ratio was 3.57 for Q1 2024 and was 4.06 for Q2 2024.Net leverage ratio was 3.17 for Q1 2024 and was 3.14 for Q2 2024.Cogent closed its issuance of $206.0 million of its 7.9% IPV4 Securitized Notes on May 2, 2024.
WASHINGTON, July 17, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on August 8, 2024 to present Cogent's operating results for the second quarter of 2024 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on August 8, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers1-646-968-2525 for international callersConference ID 6641307We recommend caller
WASHINGTON, June 5, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ:CCOI) (the "Company" or "Cogent") today announced that two of its wholly owned subsidiaries, Cogent Communications Group, LLC (f/k/a Cogent Communications Group, Inc.) ("Cogent Group") and Cogent Finance, Inc. (the "Co-Issuer" and, together with Cogent Group, the "Issuers"), intend to commence an offering of $300.0 million aggregate principal amount of 7.000% senior notes due 2027 (the "Notes") to be offered and sold only to persons reasonably believed to be "qualified institutional buyers" in an unregistered offering pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"),
Financial and Business Highlights Service revenue for Q1 2024 was $266.2 million and $272.1 million for Q4 2023.Wavelength revenue increased sequentially by 7.0% to $3.3 million for Q1 2024.Revenue under the Commercial Services Agreement with T-Mobile was $8.6 million for Q4 2023 and $3.2 million for Q1 2024. Non-core revenue decreased from Q4 2023 to Q1 2024 by 16.8% from $7.3 million to $6.0 million.Net cash used in operating activities was $48.7 million for Q4 2023 and net cash provided by operating activities was $19.2 million for Q1 2024.Net cash provided by investing activities was $60.1 million for Q4 2023 and $51.0 million for Q1 2024.Cash received under the IP Transit Agreement with
WASHINGTON, April 18, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on May 9, 2024 to present Cogent's operating results for the first quarter of 2024 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on May 9, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers 1-646-968-2525 for international callers Conference ID 6641307 We recommend callers d
Financial and Business Highlights The gain on bargain purchase from the Sprint acquisition was $254.0 million for Q4 2023 and was $1.4 billion for full year 2023.Included in the gain on bargain purchase in Q4 2023 and full year 2023 was the estimated fair value of acquired IPv4 internet addresses totaling $458.0 million.Basic and fully diluted earnings per share for Q4 2023 were $4.23 and $4.17, respectively, and were $26.88 and $26.62 for full year 2023, respectively.Gross leverage ratio was 4.79 for Q3 2023 and was 4.07 for Q4 2023.Net leverage ratio was 4.23 for Q3 2023 and was 3.75 for Q4 2023Service revenue decreased from Q3 2023 to Q4 2023 by 1.2% to $272.1 million, increased from Q4 2
WASHINGTON, Feb. 7, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ:CCOI) will host a conference call at 8:30 a.m. (ET) on February 29, 2024 to present Cogent's operating results for the fourth quarter and full year of 2023 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on February 29, 2024. Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers: 1-888-596-4144 for U.S. and Canadian callers1-646-968-2525 for international callersConference ID 664130
Financial and Business Highlights On May 1, 2023 Cogent completed its acquisition of the U.S. long-haul fiber network (including the non-U.S. extensions thereof) of the wireline business of Sprint Communications and its subsidiaries ("Sprint", or the "Wireline Business") from T-Mobile (TMUS).Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.945 per share for Q3 2023 as compared to $0.935 per share for Q2 2023 – Cogent's forty-fourth consecutive quarterly dividend increase.The Q3 2023 $0.945 dividend per share represents an annual increase of 4.4% from the dividend per share of $0.905 for Q3 2022.Service revenue increased from Q1 2023 to Q2 202
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4/A - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
4 - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Issuer)
UBS initiated coverage of Cogent Communications with a rating of Buy and set a new price target of $102.00
BofA Securities downgraded Cogent Communications from Neutral to Underperform and set a new price target of $65.00 from $75.00 previously
Goldman initiated coverage of Cogent Communications with a rating of Neutral and set a new price target of $56.00
BofA Securities downgraded Cogent Communications from Buy to Neutral and set a new price target of $75.00
Goldman upgraded Cogent Communications from Sell to Neutral and set a new price target of $64.00 from $43.00 previously
TD Cowen upgraded Cogent Communications from Market Perform to Outperform
JP Morgan downgraded Cogent Communications from Overweight to Neutral and set a new price target of $70.00 from $72.00 previously
BofA Securities upgraded Cogent Communications from Underperform to Buy and set a new price target of $85.00 from $45.00 previously
Credit Suisse downgraded Cogent Communications from Outperform to Neutral and set a new price target of $56.00 from $74.00 previously
KeyBanc Capital Markets upgraded Cogent Communications from Sector Weight to Overweight and set a new price target of $64.00
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Sinclair, Inc. (NASDAQ:SBGI) Dividend Yield: 7.51% Wells Fargo analyst Stev
Across the recent three months, 4 analysts have shared their insights on Cogent Comms Hldgs (NASDAQ:CCOI), expressing a variety of opinions spanning from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Cogent Comms Hldgs and provided 12-month price targets. The average target is $71.0, accompanied by a high estimate of $80.00 and a low estimate of $56.00
Goldman Sachs analyst James Schneider initiates coverage on Cogent Comms Hldgs (NASDAQ:CCOI) with a Neutral rating and announces Price Target of $56.
Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Cogent Comms Hldgs (NASDAQ:CCOI) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $81.62, a high estimate of $105.00, and a low estimate of $70.00. This current average repr
JP Morgan analyst Sebastiano Petti maintains Cogent Comms Hldgs (NASDAQ:CCOI) with a Neutral and lowers the price target from $73 to $70.
TD Cowen analyst Gregory Williams maintains Cogent Comms Hldgs (NASDAQ:CCOI) with a Buy and lowers the price target from $84 to $78.
Keybanc analyst Josh Beck maintains Cogent Comms Hldgs (NASDAQ:CCOI) with a Overweight and lowers the price target from $88 to $80.
Cogent Comms Hldgs (NASDAQ:CCOI) reported quarterly losses of $(1.38) per share which missed the analyst consensus estimate of $(1.12) by 23.21 percent. This is a 1161.54 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $266.168 million which missed the analyst consensus estimate of $271.815 million by 2.08 percent. This is a 73.30 percent increase over sales of $153.588 million the same period last year.
10-Q - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
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10-Q - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
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8-K - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
8-K - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
8-K - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
10-Q - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
8-K - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)
8-K - COGENT COMMUNICATIONS HOLDINGS, INC. (0001158324) (Filer)