Analysts See $0.17 EPS for Cogent Communications Holdings, Inc. (CCOI)

July 11, 2018 - By Duane Lopez

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) LogoInvestors sentiment decreased to 1.05 in Q1 2018. Its down 0.12, from 1.17 in 2017Q4. It fall, as 19 investors sold Cogent Communications Holdings, Inc. shares while 57 reduced holdings. 18 funds opened positions while 62 raised stakes. 40.77 million shares or 5.17% less from 42.99 million shares in 2017Q4 were reported.
Citigroup Incorporated has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Pub Sector Pension Inv Board reported 26,718 shares. Geode Cap Management Ltd Liability Co has 385,720 shares for 0.01% of their portfolio. First Tru Advsr Limited Partnership accumulated 1.85M shares. Panagora Asset Mngmt has 24,679 shares for 0% of their portfolio. Gotham Asset Llc invested in 8,730 shares or 0.01% of the stock. Sei accumulated 5,344 shares or 0% of the stock. Schwab Charles Invest Management reported 259,875 shares. The Massachusetts-based State Street has invested 0% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). 134,711 were accumulated by First Washington Corp. Barclays Public Limited Liability owns 0% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) for 24,558 shares. California State Teachers Retirement has 0.01% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Fort Washington Advsr Oh has invested 0.17% in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Moreover, Old Mutual (Uk) Limited has 0.01% invested in Cogent Communications Holdings, Inc. (NASDAQ:CCOI). State Board Of Administration Of Florida Retirement Systems holds 26,118 shares.

Since March 1, 2018, it had 0 buys, and 21 insider sales for $2.53 million activity. 2,100 shares valued at $114,988 were sold by KUMMER RAYMOND B on Tuesday, June 19. The insider BROOKS STEVEN D sold 5,000 shares worth $241,697. Shares for $130,081 were sold by KILMER HENRY W. $129,519 worth of stock was sold by BEURY ROBERT N JR on Thursday, March 1. 2,000 shares valued at $100,000 were sold by Montagner Marc on Friday, May 18. 6,000 shares were sold by WEED THADDEUS GERARD, worth $271,015.

Analysts expect Cogent Communications Holdings, Inc. (NASDAQ:CCOI) to report $0.17 EPS on August, 2.They anticipate $0.07 EPS change or 70.00 % from last quarter’s $0.1 EPS. CCOI’s profit would be $7.64M giving it 76.47 P/E if the $0.17 EPS is correct. After having $0.15 EPS previously, Cogent Communications Holdings, Inc.’s analysts see 13.33 % EPS growth. The stock decreased 5.28% or $2.9 during the last trading session, reaching $52. About 351,927 shares traded or 31.49% up from the average. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has risen 24.66% since July 12, 2017 and is uptrending. It has outperformed by 12.09% the S&P500.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Ratings Coverage

Among 6 analysts covering Cogent Comms Hldgs (NASDAQ:CCOI), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Cogent Comms Hldgs had 7 analyst reports since February 23, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Friday, May 4 by Deutsche Bank. Cowen & Co maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) rating on Thursday, February 22. Cowen & Co has “Hold” rating and $37.0 target. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, May 29. The firm earned “Buy” rating on Wednesday, April 4 by William Blair. Deutsche Bank maintained Cogent Communications Holdings, Inc. (NASDAQ:CCOI) rating on Friday, February 23. Deutsche Bank has “Buy” rating and $50 target. On Friday, February 23 the stock rating was maintained by Jefferies with “Hold”.

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Asia. The company has market cap of $2.34 billion. The firm offers on-net Internet access services to bandwidth-intensive users, such as universities, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application service providers; and to corporate clients located in multi-tenant office buildings, including law firms, financial services firms, advertising and marketing firms, and other professional services businesses. It has a 273.68 P/E ratio. It also provides its on-net services in carrier-neutral data centers, Cogent controlled data centers, and single-tenant office buildings.

More recent Cogent Communications Holdings, Inc. (NASDAQ:CCOI) news were published by: Streetinsider.com which released: “Cogent Communication (CCOI) Added to Short-Term Sell List at Deutsche Bank” on July 11, 2018. Also Seekingalpha.com published the news titled: “Cogent Comms hits month’s low on DB Sell rating” on July 11, 2018. Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Spartan Motors, Ultragenyx Pharmaceutical, Advanced Energy Industries …” with publication date: June 19, 2018 was also an interesting one.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Institutional Positions Chart

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