Cogent Communications Holdings, Inc. (CCOI): What’s Inside the Story?

On Friday, shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) marked $76.29 per share versus a previous $79.04 closing price. With having a -3.48% loss, an insight into the fundamental values of Cogent Communications Holdings, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. CCOI showed a rise of 15.92% within its YTD performance, with highs and lows between $53.24 – $92.96 during the period of 52 weeks, compared to the simple moving average of 7.39% in the period of the last 200 days.

Citigroup equity researchers changed the status of Cogent Communications Holdings, Inc. (NASDAQ: CCOI) shares from “Neutral” to a “Buy” rating in the report published on June 16th, 2020. Other analysts, including Goldman, also published their reports on CCOI shares. Goldman repeated the rating from the previous report, marking CCOI under “Neutral” rating, in the report published on April 17th, 2020. Additionally, CCOI shares got another “Buy” rating from Goldman, setting a target price of $84 on the company’s shares, according to the report published in February 6th, 2020. On January 30th, 2020, MoffettNathanson Downgrade an Sell rating and increased its price target to $56. On the other hand, Credit Suisse Initiated the “Outperform” rating for CCOI shares, as published in the report on May 31st, 2019. Oppenheimer seems to be going bullish on the price of CCOI shares, based on the price prediction for CCOI. Another “Hold” rating came from Deutsche Bank.

Cogent Communications Holdings, Inc. (CCOI) Analysis

The present dividend yield for CCOI owners is set at 0.04, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 5.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Cogent Communications Holdings, Inc. (CCOI) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 5.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while CCOI is currently recording an average of 416.06K in volumes. The volatility of the stock on monthly basis is set at 3.64%, while the weekly volatility levels are marked at 2.84%with -3.32% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $73.20, indicating growth from the present price of $76.29, which can represent yet another valuable research and analysis points that can help you decide whether to invest in CCOI or pass.

What to Look for When Analyzing Cogent Communications Holdings, Inc. Shares?

Cogent Communications Holdings, Inc. (CCOI) is based in the USA and it represents one of the well-known company operating with Communication Services sector. If you wish to compare CCOI shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 93.95 for Cogent Communications Holdings, Inc., while the value 56.76 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.81 is supported by the yearly EPS growth of 29.50%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 10.50%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 88.50% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in CCOI Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in CCOI in the recent period. That is how The Vanguard Group, Inc. now has an increase position in CCOI by 0.21% in the first quarter, owning 4.63 million shares of CCOI stocks, with the value of $353.94 million after the purchase of an additional 9,628 shares during the last quarter. In the meanwhile, Fidelity Management & Research Co also increased their stake in CCOI shares changed 47.45% in the first quarter, which means that the company now owns 1.55 million shares of company, all valued at $118.9 million after the acquisition of additional 500,047 shares during the last quarter.

SSgA Funds Management, Inc. acquired a new position in Cogent Communications Holdings, Inc. during the first quarter, with the value of $101.48 million, and Geode Capital Management LLC increased their stake in the company’s shares by 0.23% in the first quarter, now owning 1,546 shares valued at $51.58 million after the acquisition of the additional 674107 shares during the last quarter. In the end, Vaughan Nelson Investment Managem increased their position by 1.41% during the first quarter, now owning 642045 CCOI shares, now holding the value of $49.13 million in CCOI with the purchase of the additional 642,045 shares during the period of the last quarter. At the present, 88.50% of CCOI shares are in the ownership of institutional investors.