Cogent Communications Group Stock Shares Outstanding
| CCOI Stock | USD 63.13 1.18 1.90% |
Cogent Communications Group fundamentals help investors to digest information that contributes to Cogent Communications' financial success or failures. It also enables traders to predict the movement of Cogent Stock. The fundamental analysis module provides a way to measure Cogent Communications' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cogent Communications stock.
The current Common Stock Shares Outstanding is estimated to decrease to about 39.9 M. Cogent | Shares Outstanding |
Cogent Communications Group Company Shares Outstanding Analysis
Cogent Communications' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Cogent Communications Shares Outstanding | 49.04 M |
Most of Cogent Communications' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cogent Communications Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cogent Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Cogent Communications is extremely important. It helps to project a fair market value of Cogent Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Cogent Communications' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cogent Communications' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cogent Communications' interrelated accounts and indicators.
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Cogent Shares Outstanding Historical Pattern
Today, most investors in Cogent Communications Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cogent Communications' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cogent Communications shares outstanding as a starting point in their analysis.
Cogent Communications Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Cogent Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Cogent Communications Group has 49.04 M of shares currently outstending. This is 98.9% lower than that of the Diversified Telecommunication Services sector and 99.12% lower than that of the Communication Services industry. The shares outstanding for all United States stocks is 91.42% higher than that of the company.
Cogent Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cogent Communications' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cogent Communications could also be used in its relative valuation, which is a method of valuing Cogent Communications by comparing valuation metrics of similar companies.Cogent Communications is currently under evaluation in shares outstanding category among related companies.
Cogent Communications Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cogent Communications from analyzing Cogent Communications' financial statements. These drivers represent accounts that assess Cogent Communications' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cogent Communications' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.0B | 2.8B | 3.4B | 2.7B | 3.6B | 3.8B | |
| Enterprise Value | 3.6B | 3.6B | 4.3B | 3.8B | 5.3B | 5.6B |
Cogent Fundamentals
| Return On Equity | 0.28 | ||||
| Return On Asset | -0.0328 | ||||
| Profit Margin | 1.43 % | ||||
| Operating Margin | (0.20) % | ||||
| Current Valuation | 4.7 B | ||||
| Shares Outstanding | 49.04 M | ||||
| Shares Owned By Insiders | 10.68 % | ||||
| Shares Owned By Institutions | 91.09 % | ||||
| Number Of Shares Shorted | 2.57 M | ||||
| Price To Earning | 166.38 X | ||||
| Price To Book | 5.07 X | ||||
| Price To Sales | 3.47 X | ||||
| Revenue | 940.92 M | ||||
| Gross Profit | 371.45 M | ||||
| EBITDA | 121.37 M | ||||
| Net Income | 1.27 B | ||||
| Cash And Equivalents | 312.05 M | ||||
| Cash Per Share | 6.69 X | ||||
| Total Debt | 1.83 B | ||||
| Debt To Equity | (55.02) % | ||||
| Current Ratio | 4.52 X | ||||
| Book Value Per Share | 12.87 X | ||||
| Cash Flow From Operations | 17.34 M | ||||
| Short Ratio | 4.01 X | ||||
| Earnings Per Share | 26.62 X | ||||
| Price To Earnings To Growth | 83.41 X | ||||
| Target Price | 81.88 | ||||
| Number Of Employees | 1.95 K | ||||
| Beta | 0.38 | ||||
| Market Capitalization | 3.09 B | ||||
| Total Asset | 3.47 B | ||||
| Retained Earnings | 17.14 M | ||||
| Working Capital | 140.3 M | ||||
| Current Asset | 202.28 M | ||||
| Current Liabilities | 61.96 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.21 % | ||||
| Net Asset | 3.47 B | ||||
| Last Dividend Paid | 3.76 |
About Cogent Communications Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cogent Communications Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cogent Communications using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cogent Communications Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Cogent Communications Investors Sentiment
The influence of Cogent Communications' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cogent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cogent Communications' public news can be used to forecast risks associated with an investment in Cogent. The trend in average sentiment can be used to explain how an investor holding Cogent can time the market purely based on public headlines and social activities around Cogent Communications Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cogent Communications' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cogent Communications' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cogent Communications' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cogent Communications.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cogent Communications in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cogent Communications' short interest history, or implied volatility extrapolated from Cogent Communications options trading.
Pair Trading with Cogent Communications
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cogent Communications position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cogent Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with Cogent Stock
| 0.79 | BCE | BCE Inc Sell-off Trend | PairCorr |
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Moving against Cogent Stock
| 0.86 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
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| 0.77 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.63 | DJCO | Daily Journal Corp | PairCorr |
| 0.57 | CURIW | CuriosityStream | PairCorr |
The ability to find closely correlated positions to Cogent Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogent Communications when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cogent Communications - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cogent Communications Group to buy it.
The correlation of Cogent Communications is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cogent Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogent Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cogent Communications can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cogent Communications Piotroski F Score and Cogent Communications Altman Z Score analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Cogent Stock analysis
When running Cogent Communications' price analysis, check to measure Cogent Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cogent Communications is operating at the current time. Most of Cogent Communications' value examination focuses on studying past and present price action to predict the probability of Cogent Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogent Communications' price. Additionally, you may evaluate how the addition of Cogent Communications to your portfolios can decrease your overall portfolio volatility.
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Is Cogent Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cogent Communications. If investors know Cogent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cogent Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 228.092 | Dividend Share 3.76 | Earnings Share 26.62 | Revenue Per Share 18.802 | Quarterly Revenue Growth 0.702 |
The market value of Cogent Communications is measured differently than its book value, which is the value of Cogent that is recorded on the company's balance sheet. Investors also form their own opinion of Cogent Communications' value that differs from its market value or its book value, called intrinsic value, which is Cogent Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cogent Communications' market value can be influenced by many factors that don't directly affect Cogent Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cogent Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cogent Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cogent Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.