Cogent Communications Group Stock Today
| CCOI Stock | USD 61.95 1.00 1.59% |
Performance0 of 100
| Odds Of DistressLess than 39
|
Cogent Communications is trading at 61.95 as of the 18th of April 2024. This is a -1.59% down since the beginning of the trading day. The stock's open price was 62.95. Cogent Communications has about a 39 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Cogent Communications Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Telecommunication Services | IPO Date 5th of February 2002 | Category Communication Services |
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. Cogent Communications Holdings, Inc. The company has 49.04 M outstanding shares of which 2.57 M shares are currently shorted by private and institutional investors with about 4.01 trading days to cover. More on Cogent Communications Group
Moving together with Cogent Stock
| 0.78 | BCE | BCE Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.76 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.71 | IRDM | Iridium Communications Earnings Call Today | PairCorr |
Moving against Cogent Stock
| 0.86 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.76 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
| 0.76 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.64 | DJCO | Daily Journal Corp | PairCorr |
| 0.57 | CURIW | CuriosityStream | PairCorr |
| 0.41 | YQ | 17 Education Technology | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Cogent Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cogent Communications' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cogent Communications or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | David Schaeffer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Telecommunication Services, Telecommunication Services, Communication Services, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Communication Services, Diversified Telecommunication Services, Telecom Services, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cogent Communications report their recommendations after researching Cogent Communications' financial statements, talking to executives and customers, or listening in on Cogent Communications' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cogent Communications. The Cogent consensus assessment is calculated by taking the average forecast from all of the analysts covering Cogent Communications. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Cogent Communications' liquidity, profitability, solvency, and operating efficiency, Cogent Communications Group may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Cogent Communications is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cogent Communications' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cogent Communications' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cogent Communications' financial leverage. It provides some insight into what part of Cogent Communications' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cogent Communications Group (CCOI) is traded on NASDAQ Exchange in USA. It is located in 2450 North Street NW, Washington, DC, United States, 20037 and employs 1,947 people. Cogent Communications is listed under Diversified Telecommunication Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cogent Communications's market, we take the total number of its shares issued and multiply it by Cogent Communications's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cogent Communications conducts business under Diversified Telecommunication Services sector and is part of Communication Services industry. The entity has 49.04 M outstanding shares of which 2.57 M shares are currently shorted by private and institutional investors with about 4.01 trading days to cover.
Cogent Communications Group currently holds about 312.05 M in cash with 17.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.69.
Check Cogent Communications Probability Of Bankruptcy
Ownership AllocationCogent Communications retains a total of 49.04 Million outstanding shares. The majority of Cogent Communications Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cogent Communications to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cogent Communications. Please pay attention to any change in the institutional holdings of Cogent Communications Group as this could imply that something significant has changed or is about to change at the company. Also note that nearly nine hundred eighty thousand seven hundred sixty-two invesors are currently shorting Cogent Communications expressing very little confidence in its future performance.
Check Cogent Ownership Details
Cogent Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Cogent Communications jumping above the current price in 90 days from now is about 92.47%. The Cogent Communications Group probability density function shows the probability of Cogent Communications stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Cogent Communications has a beta of 0.6372 suggesting as returns on the market go up, Cogent Communications average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cogent Communications Group will be expected to be much smaller as well. Additionally, cogent Communications Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cogent Communications to move above the current price in 90 days from now is about 92.47 (This Cogent Communications Group probability density function shows the probability of Cogent Stock to fall within a particular range of prices over 90 days) .
Cogent Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cogent Communications that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cogent Communications' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cogent Communications' value.| Instituion | Recorded On | Shares | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 722.6 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 666.3 K | |
| Norges Bank | 2023-12-31 | 663 K | |
| Broad Run Investment Management, Llc | 2023-12-31 | 638.9 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 636.1 K | |
| Westwood Holdings Group Inc | 2023-12-31 | 633.5 K | |
| Amvescap Plc. | 2023-12-31 | 631.3 K | |
| Raymond James & Associates | 2023-12-31 | 630.3 K | |
| Hood River Capital Management Llc | 2023-12-31 | 616.9 K | |
| Blackrock Inc | 2023-12-31 | 7.3 M | |
| Vanguard Group Inc | 2023-12-31 | 5.1 M |
Cogent Communications Historical Income Statement
Cogent Communications Group Income Statement is one of the three primary financial statements used for reporting Cogent's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cogent Communications revenue and expense. Cogent Communications Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Cogent Communications' Other Operating Expenses is increasing as compared to previous years. The Cogent Communications' current Cost Of Revenue is estimated to increase to about 815.3 M, while Operating Income is forecasted to increase to (105.3 M). View More FundamentalsCogent Stock Against Markets
Picking the right benchmark for Cogent Communications stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cogent Communications stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cogent Communications is critical whether you are bullish or bearish towards Cogent Communications Group at a given time. Please also check how Cogent Communications' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cogent Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Stocks Directory Now
Stocks DirectoryFind actively traded stocks across global markets |
| All Next | Launch Module |
Cogent Communications Corporate Directors
Cogent Communications corporate directors refer to members of a Cogent Communications board of directors. The board of directors generally takes responsibility for the Cogent Communications' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cogent Communications' board members must vote for the resolution. The Cogent Communications board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Lewis Ferguson | Director | Profile | |
| Marc Montagner | Independent Director | Profile | |
| Richard Liebhaber | Independent Director | Profile | |
| Steven Brooks | Independent Director | Profile |
How to buy Cogent Stock?
Before investing in Cogent Communications, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cogent Communications. To buy Cogent Communications stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cogent Communications. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cogent Communications stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cogent Communications Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cogent Communications Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cogent Communications Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cogent Stock please use our How to Invest in Cogent Communications guide.
Already Invested in Cogent Communications Group?
The danger of trading Cogent Communications Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cogent Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cogent Communications. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cogent Communications is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cogent Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cogent Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cogent Communications Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cogent Communications Group Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogent Communications Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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.