What is Zacks Research’s Forecast for CCOI FY2026 Earnings?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Analysts at Zacks Research increased their FY2026 earnings per share estimates for Cogent Communications in a research note issued on Friday, September 18th. Zacks Research analyst Team now forecasts that the technology company will post earnings of ($3.31) per share for the year, up from their prior estimate of ($3.32). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Cogent Communications’ Q4 2026 earnings at ($0.75) EPS, Q3 2027 earnings at ($0.65) EPS, Q4 2027 earnings at ($0.72) EPS, FY2027 earnings at ($2.97) EPS, Q1 2028 earnings at ($0.68) EPS, Q2 2028 earnings at ($0.48) EPS and FY2028 earnings at ($2.19) EPS.

Cogent Communications (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of ($1.00) by $2.38. The business had revenue of $235.56 million for the quarter, compared to analyst estimates of $239.55 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.21) EPS.

A number of other research analysts have also recently commented on CCOI. KeyCorp reduced their price objective on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company dropped their target price on Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Cogent Communications in a research report on Monday, August 17th. TD Cowen decreased their price target on Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Citigroup lowered their price objective on shares of Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.55.

Cogent Communications Trading Down 12.7%

Shares of Cogent Communications stock opened at $8.13 on Tuesday. Cogent Communications has a twelve month low of $8.10 and a twelve month high of $45.69. The stock has a market cap of $416.42 million, a price-to-earnings ratio of -8.47 and a beta of 0.77. The company has a fifty day moving average price of $10.62 and a 200 day moving average price of $15.33.

Cogent Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Cogent Communications’s payout ratio is presently -8.33%.

Insider Activity at Cogent Communications

In related news, CFO Thaddeus Weed sold 4,850 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.37, for a total value of $45,444.50. Following the completion of the transaction, the chief financial officer owned 193,050 shares of the company’s stock, valued at approximately $1,808,878.50. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Cogent Communications

Several institutional investors and hedge funds have recently made changes to their positions in CCOI. Public Employees Retirement System of Ohio bought a new stake in shares of Cogent Communications in the second quarter worth $26,000. Parallel Advisors LLC boosted its stake in Cogent Communications by 208.6% during the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock valued at $27,000 after acquiring an additional 968 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Cogent Communications during the 4th quarter worth $28,000. Hantz Financial Services Inc. grew its holdings in Cogent Communications by 313.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,127 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of Cogent Communications in the 2nd quarter worth about $32,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.

Cogent’s primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.