CCOI

Cogent Communications Holdings Inc

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Advanced Chart

47.490

-1.34(-2.744%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

48.9487

Open

48.830

VWAP

Vol

560.03K

Mkt Cap

2.34B

Low

47.340

Amount

EV/EBITDA(TTM)

31.90

Total Shares

49.02M

4.26B

EV/OCF(TTM)

502.51

P/S(TTM)

2.29

Cogent Communications Holdings, Inc. is a facilities-based provider of Internet access, private network services, optical wavelength, and optical transport services and data center colocation space and power. The Company, through its own facilities, offers on-net Internet access services to customers located in buildings that are physically connected to its network. Its network is specifically designed and optimized to transmit packet routed data. Its on-net service consists of high-speed Internet access and private network services offered at speeds ranging from 100 megabits per second (Mbps) to 400 gigabits per second (Gbps). The Company delivers its services on its network in 56 countries across North America, Europe, South America, Oceania and Africa. Its corporate customers are located in multi-tenant office buildings (MTOBs), which include law firms, advertising and marketing firms, as well as healthcare providers, and other professional services businesses, among others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

255.03M

+1.09%

250.07M

-2.77%

247.67M

-4.9%

Estimates Revision

The market is revising Downward the revenue expectations for Cogent Communications Holdings, Inc. (CCOI) for FY2025, with the revenue forecasts being adjusted by -3.17% over the past three months. During the same period, the stock price has changed by -11.43%.

Revenue Estimates for FY2025

Revise Downward

-3.17%

In Past 3 Month

Stock Price

Go Down

-11.43%

In Past 3 Month

9 Analyst Rating

34.77% Upside

Wall Street analysts forecast CCOI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCOI is 64.00 USD with a low forecast of 45.00 USD and a high forecast of 77.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

2 Hold

2 Sell

Moderate Buy

34.77% Upside

Current: 47.490

Low

45.00

Averages

64.00

High

77.00

34.77% Upside

Current: 47.490

Low

45.00

Averages

64.00

High

77.00

TD Cowen

Buy

downgrade

$93 -> $77

2025-07-18

Reason

TD Cowen

Price Target

$93 -> $77

2025-07-18

downgrade

Buy

Reason

TD Cowen lowered the firm's price target on Cogent to $77 from $93 and keeps a Buy rating on the shares. The firm reduced their target as checks indicate a bearish data center sales process with a valuation of $10MM/MW very likely unrealistic. Meanwhile, the upstart fiber Waves business remains sluggish in 2Q25E, but Cowen still remains highly constructive on the company capturing Waves share in the AI Inference era.

RBC Capital

Bora Lee

Outperform

NULL

downgrade

$81 -> $74

2025-06-11

Reason

RBC Capital

Bora Lee

Price Target

$81 -> $74

2025-06-11

downgrade

Outperform

NULL

Reason

RBC Capital analyst Bora Lee lowered the firm's price target on Cogent to $74 from $81 and keeps an Outperform rating on the shares. The firm has updated its model following the company's Q1 results last month as well as the management's updated longer-term guidance, the analyst tells investors in a research note. RBC cites slower assumed pace of dividend growth and more conservative assumed terminal dividend growth rate of about 3.5% vs. 4.0% prior.

UBS

Buy

downgrade

$102 -> $75

2025-05-09

Reason

UBS

Price Target

$102 -> $75

2025-05-09

downgrade

Buy

Reason

UBS lowered the firm's price target on Cogent to $75 from $102 and keeps a Buy rating on the shares. Cogent reported a softer start to 2025, the analyst tells investors in a research note.

TD Cowen

Buy

downgrade

$97 -> $93

2025-05-09

Reason

TD Cowen

Price Target

$97 -> $93

2025-05-09

downgrade

Buy

Reason

Goldman Sachs

Neutral

downgrade

$71 -> $62

2025-05-08

Reason

Goldman Sachs

Price Target

$71 -> $62

2025-05-08

downgrade

Neutral

Reason

Goldman Sachs lowered the firm's price target on Cogent to $62 from $71 and keeps a Neutral rating on the shares. The firm expects the stock to pull back as revenue and EBITDA came in below the firm's estimates with wavelengths showing flat revenue sequentially, the analyst tells investors in a research note. The company will need to demonstrate stronger revenue trends in its core Corporate and NetCentric businesses before the stock can move sustainably higher from current levels, the firm added.

UBS

Christopher Schoell

Strong Buy

Initiates

$102

2024-11-14

Reason

UBS

Christopher Schoell

Price Target

$102

2024-11-14

Initiates

Strong Buy

Reason

UBS analyst Christopher Schoell initiated coverage of Cogent with a Buy rating and $102 price target. The company is on the cusp of realizing the benefits of its prior Sprint (S) wireline acquisition from T-Mobile (TMUS ) that was closed mid-2023, including the transformation of a cash burning asset into a growing and profitable wavelength business with a $2B total addressable market, the analyst tells investors in a research note. While scaling has been slower in 2024, UBS expects performance to inflect in FY25 and beyond as network reconfiguration comes to a close, the firm adds.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Cogent Communications Holdings Inc (CCOI.O) is -14.43, compared to its 5-year average forward P/E of 51.32. For a more detailed relative valuation and DCF analysis to assess Cogent Communications Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

51.32

Current PE

-14.43

Overvalued PE

141.26

Undervalued PE

-38.61

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

15.89

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

18.85

Undervalued EV/EBITDA

12.93

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

3.96

Current PS

0.00

Overvalued PS

5.11

Undervalued PS

2.82