Cogent Communications (CCOI) Projected to Post Earnings on Thursday

Cogent Communications (NASDAQ:CCOI) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Cogent Communications to post earnings of ($1.22) per share and revenue of $258.49 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cogent Communications Stock Up 0.2 %

Shares of CCOI stock opened at $79.22 on Wednesday. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 101.56 and a beta of 0.40. The company’s fifty day moving average price is $76.66 and its 200-day moving average price is $77.05. Cogent Communications has a one year low of $50.80 and a one year high of $86.76.

Insiders Place Their Bets

In other Cogent Communications news, 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 value of $391,584.00. Following the completion of the transaction, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at $7,219,830. This trade represents a 5.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO James Bubeck sold 1,920 shares of Cogent Communications stock in a transaction on Monday, December 9th. The stock was sold at an average price of $76.60, for a total transaction of $147,072.00. Following the completion of the transaction, the executive now directly owns 49,542 shares of the company’s stock, valued at $3,794,917.20. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,440 shares of company stock valued at $1,057,910 in the last three months. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analyst Weigh In

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