Cogent Communications (CCOI) Expected to Announce Earnings on Thursday

Cogent Communications (NASDAQ:CCOI) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($1.22) per share and revenue of $258.49 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Cogent Communications Price Performance

Shares of NASDAQ:CCOI opened at $79.10 on Tuesday. The company’s fifty day moving average is $76.56 and its two-hundred day moving average is $77.00. The company has a market cap of $3.88 billion, a P/E ratio of 101.41 and a beta of 0.40. Cogent Communications has a 12-month low of $50.80 and a 12-month high of $86.76. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87.

Insider Activity at Cogent Communications

In other news, CRO James Bubeck sold 1,920 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $76.60, for a total transaction of $147,072.00. Following the transaction, the executive now owns 49,542 shares in the company, valued at approximately $3,794,917.20. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thaddeus Gerard Weed sold 4,800 shares of Cogent Communications stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $81.58, for a total transaction of $391,584.00. Following the completion of the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at approximately $7,219,830. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,440 shares of company stock valued at $1,057,910. Insiders own 11.40% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group initiated coverage on Cogent Communications in a research report on Thursday, November 14th. They set a “buy” rating and a $102.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cogent Communications has a consensus rating of “Hold” and an average price target of $80.25.

About Cogent Communications

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and 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.