Cogent Communications Holdings, Inc. (CCOI) Stock Price & Analysis
Cogent Communications Holdings, Inc. (CCOI) closed at USD 7.64 on Wednesday, October 28, 2026, up 2.28% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 7.47; the Oct 28, 2026 session ranged USD 7.39–7.88 on volume of 1,589,648 shares. Market capitalization is $391.29M, with a 52-week range of USD 7.04–44.31 (NMS). Source: Nexqual, retrieved October 29, 2026 at 08:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CCOI.md
Key facts (CCOI)
- Last four reported quarters (through Jun 30, 2026): revenue $957M, net income -$45.2M (-4.7% margin), free cash flow -$143M (SEC filings).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $300K; 6 not under a Rule 10b5-1 plan ($300K); 0 by opportunistic insiders, 6 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (12 analysts), mean target USD 15.09 (range 9–30).
- Total return with dividends: 1Y -82.1% vs S&P 500 +13.6%; 5Y -87.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD -0.86, revenue estimate $235M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CCOI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $590M | $600M | $941M | $1.04B | $976M | $957M |
| Gross profit | $363M | $371M | $397M | $394M | $441M | — |
| Operating income | $119M | $114M | -$129M | -$198M | -$101M | $76.1M |
| Net income | $48.2M | $5.1M | $1.27B | -$204M | -$182M | -$45.2M |
| EPS (diluted) | $1.03 | $0.11 | $26.62 | -$4.28 | -$3.80 | — |
| Free cash flow | $100M | $94.7M | -$112M | -$204M | -$198M | -$143M |
| Gross margin | 61.6% | 61.9% | 42.2% | 38.1% | 45.2% | — |
| Operating margin | 20.2% | 19.0% | -13.7% | -19.1% | -10.4% | 8.0% |
| Net margin | 8.2% | 0.9% | 135.3% | -19.7% | -18.7% | -4.7% |
| Revenue growth | +3.8% | +1.7% | +56.9% | +10.1% | -5.8% | — |
| Cash + short-term investments | $320M | $224M | $75.1M | $198M | $149M | — |
| Total debt | $898M | $950M | $950M | $1.46B | $1.73B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CCOI)
P/S 0.4x · FCF yield -36.52% · Earnings yield -11.56% · Dividend yield (paid, TTM) 14.05%
P/E at fiscal year-ends: Dec 2023 2.9x.
Insider sales (SEC Form 4, open-market, last ~7 months) (CCOI)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Kilmer Henry W | VP OF NETWORK STRATEGY | 2,400 | $22K | 6.2% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-02 | Weed Thaddeus Gerard | VICE PRESIDENT, CFO | 4,850 | $45K | 2.5% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-16 | Weed Thaddeus Gerard | VICE PRESIDENT, CFO | 4,850 | $81K | 2.4% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Kilmer Henry W | VP OF NETWORK STRATEGY | 2,400 | $41K | 5.9% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-05-28 | Ferguson Lewis H | Director | 2,800 | $57K | 11.7% | No | Routine (sold in May each year 2023–2025) |
| 2026-05-14 | Kennedy Sheryl Lynn | Director | 3,300 | $54K | 24.4% | No | Routine (sold in May & Nov each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CCOI)
Consensus Hold (mean 3.00 on a 1–5 scale), 12 analysts; mean target USD 15.09 (low 9, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-19 | JP Morgan | Downgrade | Neutral → Underweight | $22 → $9 |
| 2026-08-14 | UBS | Target lowered | Neutral | $17 → $11 |
| 2026-08-13 | Citigroup | Target lowered | Neutral | $20 → $11.5 |
| 2026-08-13 | RBC Capital | Target lowered | Sector Perform | $18 → $12 |
| 2026-08-07 | TD Cowen | Target lowered | Buy | $34 → $30 |
| 2026-08-07 | Wells Fargo | Target lowered | Equal-Weight | $18 → $14 |
| 2026-08-07 | Keybanc | Target lowered | Overweight | $25 → $15 |
Total return (dividends reinvested) (CCOI)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -82.1% | -87.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -82.2% | -33.6% |
| Volatility (annualized) | 101.2% | 57.8% |
| Max drawdown | -82.9% (Oct 2025→Oct 2026) | -90.5% (Oct 2024→Oct 2026) |
CCOI earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | −$0.45 | −$0.95 | Beat +52.6% | -22.9% |
| May 4, 2026 | Quarter ended Mar 31, 2026 | −$0.47 | −$0.98 | Beat +52.0% | -22.0% |
| Feb 20, 2026 | Quarter ended Dec 31, 2025 | −$0.31 | −$1.07 | Beat +71.0% | -32.1% |
| Nov 17, 2025 | Quarter ended Sep 30, 2025 | −$0.87 | −$1.22 | Beat +28.7% | +12.9% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | −$0.87 | −$1.22 | Beat +28.7% | -38.7% |
| Aug 7, 2025 | — | — | — | — | -30.2% |
| May 8, 2025 | — | — | — | — | -8.0% |
| Feb 27, 2025 | — | — | — | — | -8.8% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
CCOI recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 5, 2026 | Schedule 13G/A | BlackRock, Inc.: 7.7% of shares, passive 5%+ holder (amended) |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION: 5.5% of shares, passive 5%+ holder |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results |
| Jul 31, 2026 | Schedule 13G/A | Vanguard Portfolio Management: 4.8% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
CCOI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| On Net Services | $135.4M | 57.5% | +2.3% |
| Off Net Services | $84.5M | 35.9% | -17.3% |
| Wavelength Services | $14.8M | 6.3% | +63.8% |
| Non Core Services | $873,000 | 0.4% | -67.4% |
| Total revenue | $235.6M | 100% | — |
CCOI revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $195.0M | 82.8% | -6.0% |
| Europe | $30.6M | 13.0% | +0.2% |
| Oceania | $7.2M | 3.0% | +17.8% |
| South America | $2.6M | 1.1% | +25.7% |
| Africa | $154,000 | 0.1% | +0.7% |
| Total revenue | $235.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CCOI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Arista Networks (ANET) | “We have expanded our suppliers of routers, adding Arista Networks, Inc. ("Arista") as a provider for certain types of routers but Cisco remains our primary vendor for routers.” |
| Supplier | Cisco (CSCO) | “We have expanded our suppliers of routers, adding Arista Networks, Inc. ("Arista") as a provider for certain types of routers but Cisco remains our primary vendor for routers.” |
| Supplier | CIENA CORP (CIEN) | “We purchase equipment for our Optical Wave Network and optical wave services from Ciena Corporation ("Ciena").” |
| Customer | Cogent Fiber | “Building upon the foundation provided by the assets of the Cogent Fiber Business, we have created, and continue to expand, our Optical Wave Network to provide optical wavelength services to hyper-scalers and other net-centric customers who require optical wave services.” |
| Customer | T-Mobile (TMUS) | “We concluded that T-Mobile did not represent a "customer" as defined by ASC 606, the stated contract price did not represent consideration for services to be delivered, and the transaction did not satisfy the definition of revenue, which excluded this arrangement from the scope of ASC 606.” |
| Partner | Germanium | “On July 25, 2023 we entered into a Second Amendment to the lease agreement with Germanium (the "Amendment"), which amended the Network Operations Lease to lease an additional 7,369 square feet on the first floor of the building, beginning on August 1, 2023, in connection with the planned expansion of the technical space.” |
Quoted from the company's 10-K filed Feb 20, 2026.
CCOI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.85 | $-0.91 | +$0.05 | $234.7M | 2 |
| Next quarter (ends Dec 2026) | $-0.81 | $-0.83 | +$0.02 | $235.1M | 2 |
| Current fiscal year (ends Dec 2026) | $-2.52 | $-3.92 | +$1.40 | $944.0M | 2 |
| Next fiscal year (ends Dec 2027) | $-2.58 | $-2.95 | +$0.37 | $956.1M | 3 |
CCOI options: expected move
Options price a move of about ±24.5% (±$1.88) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±22% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 123.4% | ±24.5% |
| Dec 18, 2026 | 50 | 97.7% | ±28.8% |
| Jan 15, 2027 | 78 | 92.2% | ±33.7% |
| Apr 16, 2027 | 169 | 108.5% | ±56.6% |
30-day implied volatility 119.3% vs 84.6% realized over the last 30 trading days. Put/call ratio (volume) 0.06. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 08:11 UTC)
| Price | USD 7.64 |
|---|---|
| Change | ▲ 2.28% (up) |
| Previous Close | USD 7.47 |
| Open | USD 7.54 |
| Day Range | USD 7.39 – 7.88 |
| 52-Week Range | USD 7.04 – 44.31 |
| Volume | 1,589,648 shares |
| Market Cap | $391.29M |
| Exchange | NMS |
Technical Analysis (CCOI)
Nexqual's technical model rates CCOI "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 08:11 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.86 (neutral) |
| vs SMA50 | Below (USD 8.77) |
| MACD | -0.42 (negative) |
Analyst Ratings (CCOI)
Wall Street analysts rate CCOI "Hold" based on 12 analysts, with a mean price target of USD 15.09 (range USD 9–30), per Nexqual as of October 29, 2026 at 08:11 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 15.09 |
| High Target | USD 30 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 4 / 6 / 2 |
Earnings (CCOI)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.86 |
| Revenue Estimate | $234.73M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.45 vs est -0.95 ▲ beat |
| 2026-03-31 | USD -0.47 vs est -0.98 ▲ beat |
| 2025-12-31 | USD -0.31 vs est -1.07 ▲ beat |
| 2025-09-30 | USD -0.87 vs est -1.22 ▲ beat |
Source: Nexqual, October 29, 2026 at 08:11 UTC.
Financials & Fundamentals (CCOI)
| Total Revenue | $879.81M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -4.20% |
| Gross Margin | +50.35% |
| Operating Margin | -6.69% |
| Profit Margin | -5.14% |
| ROE | -721.50% |
| Current Ratio | 0.63 |
| Total Cash | $183.70M |
| Total Debt | $2.64B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$142.92M (-14.9% of revenue) |
Source: Nexqual, October 29, 2026 at 08:11 UTC.
Financial Health Score (CCOI)
Nexqual rates Cogent Communications Holdings, Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 08:11 UTC.
| Growth | Weak — Revenue -6% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 46%, operating 8% (last 4 quarters to Jun 2026, SEC; the Jun 2026 quarter alone accounts for 156% of operating income) |
| Balance Sheet | Mixed — $149M cash and investments vs $1.73B debt (Dec 2025, SEC) |
| Cash Flow | Weak — FCF negative: -$143M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE not meaningful (negative equity); ROA -1.5% (last 4 quarters, SEC) |
Ownership (CCOI)
| Insider Ownership | +4.12% |
|---|---|
| Institutional Ownership | +95.14% |
| Shares Outstanding | 51.22M |
| Float | 42.01M |
| Short % of Float | +19.24% |
Source: Nexqual, October 29, 2026 at 08:11 UTC.
Leadership (CCOI)
Cogent Communications Holdings, Inc. is led by David Schaeffer, Founder, Chairman, CEO & President, per Nexqual as of October 29, 2026 at 08:11 UTC.
| Founder, Chairman, CEO & President | David Schaeffer |
|---|---|
| VP, CFO & Treasurer | Thaddeus G. Weed |
| VP of Global Sales & Chief Revenue Officer | Mark Andrew Harris |
| VP of Network Planning & CTO | David Allen Kapp |
| Director of Business Development | Vincent Teissier |
Major Backers & Investors (CCOI)
Notable institutional backers of Cogent Communications Holdings, Inc. include Turtle Creek Asset Management Inc., Park West Asset Management LLC, Edgepoint Investment Group Inc., according to Nexqual as of October 29, 2026 at 08:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Turtle Creek Asset Management Inc. | 8.21% |
| Park West Asset Management LLC | 6.07% |
| Edgepoint Investment Group Inc. | 4.46% |
| Newtyn Management, Llc | 3.23% |
| Citadel | 2.29% |
| Fidelity | 1.06% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.4% |
| Vanguard Group | 8.64% |
| State Street | 5.43% |
| Geode Capital | 2.43% |
Source: Nexqual, October 29, 2026 at 08:11 UTC.
From Cogent Communications Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- We expect that we will continue to grow our shares of these segments by offering our customers a series of attractive features including: Large and dedicated salesforce – Our team of net-centric sales professionals is one of the largest salesforces in this industry segment and enables us to better serve this customer segment while also identifying new sales opportunities and gaining new business and customers.
- We define "enterprise" customers as large corporations (typically, Fortune 500 companies or companies with greater than $5 billion in annual revenue) running Wide Area Networks with several dozen to several hundred sites.
- The breadth of our IP Network, extensive size of our customer base, and the volume of our traffic enables us to be one of a handful of Tier 1 networks that are interconnected with other Tier 1 networks on a settlement-free basis.
- In order to take advantage of this large set of commercial buildings, we have developed an automated process to enable our salesforce to identify opportunities in the off-net market for dedicated Internet access and private network services and to quickly offer pricing proposals to potential customers.
Legal & Regulatory Risks (Item 1A, quoted)
- Compliance with existing and proposed privacy regulations is costly, and any failure by us or our vendors to comply may result in significant liability, negative publicity, and/or an erosion of trust that may materially impact our business.
- Any failure or perceived failure by us to comply with data privacy laws, rules, regulations, industry standards and other requirements could result in legal proceedings (including class actions) or actions against us by individuals, consumer rights groups, government agencies, or others.
- Changes in laws, rules, and enforcement could adversely affect us.
- Changes in laws, rules and enforcement may also adversely affect our customers.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SKM | SK Telecom Co., Ltd. | USD 31.82 | ▲ 1.11% |
| TIGO | Millicom International Cellular | USD 79.66 | ▼ 0.2% |
| TU | Telus Corporation | USD 8.55 | ▼ 0.47% |
| RCI | Rogers Communication, Inc. | USD 31.3 | ▼ 1.48% |
| VIV | Telefonica Brasil S.A. | USD 11.42 | ▼ 1.55% |
| BCE | BCE, Inc. | USD 20.02 | ▼ 0.35% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 08:11 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt