<div id="readability-page-1"><p>Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report)'s stock price was up 7.4% during mid-day trading on Monday . The company traded as high as $21.20 and last traded at $21.0710. Approximately 493,274 shares changed hands during trading, a decline of 51% from the average daily volume of 1,013,333 shares. The stock had previously closed at $19.62.</p><div><p><span></span><span>Get <strong>Cogent Communications</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>Big Dippers: 3 Stocks Near 1-Year Lows That Could Surge in 2025</li></ul><p>CCOI has been the topic of a number of recent research reports. Wells Fargo &amp; Company  reissued an &#34;equal weight&#34; rating and set a $27.00 price objective (down previously from $45.00) on shares of Cogent Communications in a report on Friday, November 7th. Zacks Research upgraded Cogent Communications from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, November 12th. UBS Group  restated a &#34;neutral&#34; rating and issued a $27.00 price objective (down from $50.00) on shares of Cogent Communications in a research report on Friday, November 7th. Citigroup decreased their target price on shares of Cogent Communications from $33.00 to $25.00 and set a &#34;neutral&#34; rating on the stock in a report on Tuesday, November 11th. Finally, The Goldman Sachs Group reduced their price target on shares of Cogent Communications from $40.00 to $25.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, November 7th. One research analyst  has rated the stock with a Buy rating, seven have assigned  a Hold rating and one  has given a Sell rating to the stock. Based on data from MarketBeat, Cogent Communications  has an average rating of &#34;Hold&#34; and an average price target of $25.71.</p><p><b>Read Our Latest Stock Analysis on Cogent Communications</b></p><h2>Cogent Communications Stock Up 6.7%</h2><ul><li>2  Mid-Cap Telecom Stocks Offering Superior Returns </li></ul><p>The company has a debt-to-equity ratio of 49.06, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a 50-day moving average of $32.06 and a two-hundred day moving average of $39.57. The company has a market cap of $1.03 billion, a P/E ratio of -5.13 and a beta of 0.84. </p><p>Cogent Communications (NASDAQ:CCOI - Get Free Report) last released its earnings results on Thursday, November 6th. The technology company reported ($0.87) earnings per share for the quarter, beating analysts' consensus estimates of ($1.15) by $0.28. The company had revenue of $241.95 million during the quarter, compared to analyst estimates of $246.13 million. Cogent Communications had a negative return on equity of 208.70% and a negative net margin of 19.72%.Cogent Communications's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.33) EPS.  On average, research analysts anticipate that  Cogent Communications Holdings, Inc. will post -4.55 EPS for the current fiscal year. </p><h2>Cogent Communications Cuts Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Friday, November 21st will be given a $0.02 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.4%. Cogent Communications's payout ratio is presently -1.96%. </p><h2>Insider Activity</h2><p>In other news, Director Sheryl Lynn Kennedy sold 2,400 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $21.34, for a total transaction of $51,216.00. Following the completion of the sale, the director directly owned 10,012 shares in the company, valued at approximately $213,656.08. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lewis H. Ferguson sold 4,000 shares of the business's stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $20.34, for a total value of $81,360.00. Following the transaction, the director owned 19,267 shares in the company, valued at approximately $391,890.78. This represents a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own  10.20% of the company's stock. </p><h2>Hedge Funds Weigh In On Cogent Communications</h2><p>A number of institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. increased its stake in shares of  Cogent Communications by 64.9% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company's stock worth $176,561,000 after acquiring an additional 1,811,222 shares in the last quarter.  Magnolia Group LLC purchased a new stake in  Cogent Communications in the second quarter worth about $52,704,000.  Bank of America Corp DE grew its holdings in  Cogent Communications by 551.2% in the third quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company's stock worth $43,965,000 after purchasing an additional 970,367 shares during the period.  EdgePoint Investment Group Inc. increased its stake in shares of  Cogent Communications by 30.4% during the first quarter. EdgePoint Investment Group Inc. now owns 2,012,297 shares of the technology company's stock valued at $123,374,000 after purchasing an additional 469,028 shares in the last quarter.  Finally, Invesco Ltd. lifted its holdings in shares of  Cogent Communications by 84.2% during the second quarter. Invesco Ltd. now owns 1,003,273 shares of the technology company's stock valued at $48,368,000 after purchasing an additional 458,698 shares during the last quarter. Institutional investors own  92.45% of the company's stock. </p><h2>Cogent Communications Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Cogent Communications</li><li>Consumer Staples Stocks, Explained</li><li>5 Tech Stocks Insiders Are Selling (But Smart Investors Are Loading Up)</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>Why FuelCell Energy Stock Is Soaring After a Government Deal</li><li>5 Top Rated Dividend Stocks to Consider</li><li>SoftBank’s Next AI Move? DigitalBridge Rockets 46% on Takeover Buzz</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cogent Communications Right Now?</h2><p>Before you consider Cogent Communications, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cogent Communications wasn't on the list.</p><p>While Cogent Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CCOI

<p>Cogent Communications (NASDAQ:CCOI) shares rose 7.4% during mid-day trading, with a high of $21.20. Despite the rise, trading volume was 51% below average. Analysts have mixed ratings, with a consensus 'Hold' and an average price target of $25.71. The company reported better-than-expected earnings but has a negative return on equity and net margin. Insider sales and hedge fund activities are noted. The company cut its dividend, offering a yield of 0.4%.</p>

Cogent Communications (NASDAQ:CCOI) Shares Up 7.4% - Should You Buy?