Market Summary
USD63.37+2.22
Market Closed3.63%
CCOI Alerts
CCOI Stock Price
CCOI RSI Chart
CCOI Valuation
CCOI Price/Sales (Trailing)
CCOI Profitability
CCOI Fundamentals
CCOI Revenue
CCOI Earnings
Price Action
52 Week Range
46.0175.00
(Low)(High)
Last 7 days
1.6%
Last 30 days
-4.7%
Last 90 days
0.9%
Trailing 12 Months
9.7%
CCOI Financial Health
CCOI Investor Care
Peers (Alternatives to Cogent Communications Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
GOOG | 1.6T | 284.6B | 20.09% | 15.82% | 27.24 | 5.61 | 5.28% | -21.40% |
TMUS | 162.8B | 79.1B | -8.85% | 1.82% | 42.66 | 2.06 | -1.73% | 36.13% |
VZ | 147.2B | 136.2B | -5.20% | -29.33% | 6.82 | 1.08 | 1.41% | 0.86% |
T | 141.6B | 121.2B | -9.88% | -25.03% | -16.61 | 1.17 | -5.24% | -152.51% |
| MID-CAP | ||||||||
IRDM | 7.6B | 758.1M | -3.87% | 64.28% | 485.2 | 10.03 | 19.16% | 1294.59% |
CCOI | 3.1B | 604.0M | -4.66% | 9.65% | 594.75 | 5.07 | 2.00% | -89.32% |
GSAT | 1.9B | 174.4M | 22.18% | -9.68% | -7.22 | 12.49 | 33.99% | -147.98% |
| SMALL-CAP | ||||||||
IDT | 776.0M | 1.3B | -7.82% | 10.30% | 16.29 | 0.6 | -12.12% | -40.52% |
ATEX | 609.7M | 618.0K | 0.97% | -23.05% | -14.22 | 986.49 | 364.66% | -14.53% |
ATNI | 604.3M | 739.5M | -0.31% | -13.44% | -79.7 | 0.82 | 13.73% | 63.56% |
CNSL | 428.1M | 1.2B | -3.93% | -42.02% | 2.41 | 0.37 | -7.21% | 202.68% |
BAND | 356.5M | 579.6M | -3.59% | -44.43% | 18.22 | 0.62 | 13.92% | 203.93% |
OOMA | 323.5M | - | 5.46% | -9.38% | -88.51 | 1.6 | 12.95% | -108.74% |
Financials for Cogent Communications Holdings
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 0.7% | 604 | 600 | 595 | 593 | 592 |
| S&GA Expenses | 2.7% | 167 | 163 | 159 | 160 | 162 |
| Costs and Expenses | 1.8% | 494 | 486 | 479 | 478 | 478 |
| EBITDA | -11.9% | 186 | 211 | 242 | 223 | - |
| EBITDA Margin | -12.6% | 0.31* | 0.36* | 0.41* | 0.38* | - |
| Earnings Before Taxes | 34.0% | 35.00 | 26.00 | 40.00 | 69.00 | 47.00 |
| EBT Margin | -34.0% | 0.04* | 0.07* | 0.12* | 0.08* | - |
| Interest Expenses | 7.2% | 72.00 | 68.00 | 81.00 | 77.00 | 78.00 |
| Net Income | -77.4% | 5.00 | 23.00 | 44.00 | 30.00 | - |
| Net Income Margin | -77.6% | 0.01* | 0.04* | 0.07* | 0.05* | - |
| Free Cahsflow | -4.0% | 95.00 | 99.00 | 95.00 | 100 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -1.2% | 998 | 1,010 | 1,021 | 1,015 | 970 |
| Current Assets | -10.1% | 329 | 366 | 414 | 437 | 395 |
| Cash Equivalents | 4.8% | 234 | 224 | 269 | 312 | 281 |
| Net PPE | 5.1% | 572 | 544 | 504 | 461 | 456 |
| Liabilities | 1.2% | 1,547 | 1,529 | 1,512 | 1,455 | 1,378 |
| Current Liabilities | 5.9% | 127 | 120 | 122 | 97.00 | 92.00 |
| Retained Earnings | -3.6% | -1,113 | -1,074 | -1,031 | -980 | -950 |
| Additional Paid-In Capital | 1.3% | 583 | 575 | 568 | 561 | 555 |
| Accumulated Depreciation | 2.3% | 1,197 | 1,170 | - | - | - |
| Shares Outstanding | 0.6% | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -7.8% | 160 | 174 | 173 | 167 | 173 |
| Share Based Compensation | 2.1% | 25.00 | 24.00 | 24.00 | 25.00 | 26.00 |
| Cashflow From Investing | -6.4% | -84.05 | -78.97 | -74.68 | -72.66 | -72.59 |
| Cashflow From Financing | -4.9% | -151 | -144 | -122 | -114 | -24.69 |
| Dividend Payments | 2.4% | 174 | 170 | 165 | 160 | 156 |
Risks for CCOI
What is the probability of a big loss on CCOI?
66.5%
Probability that Cogent Communications Holdings stock will be more than 20% underwater in next one year
20.8%
Probability that Cogent Communications Holdings stock will be more than 30% underwater in next one year.
0%
Probability that Cogent Communications Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CCOI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cogent Communications Holdings was unfortunately bought at previous high price.
Drawdowns
Returns for CCOI
Cumulative Returns on CCOI
12.8%
10-Year Cumulative Returns
11.4%
7-Year Cumulative Returns
9.3%
5-Year Cumulative Returns
-2.2%
3-Year Cumulative Returns
What are the long-term rolling returns for CCOI?
FIve years rolling returns for Cogent Communications Holdings.
Annualized Returns
Which funds bought or sold CCOI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | ROYCE & ASSOCIATES LP | reduced | -60.98 | -2,351,120 | 1,814,810 | 0.02% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -7.23 | 358,932 | 10,495,900 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 8.11 | 5,036,660 | 29,397,700 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -2.45 | 165,000 | 2,014,000 | -% |
2023-05-17 | Advisory Services Network, LLC | added | 13.4 | 10,035 | 47,950 | -% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -2.02 | 260,000 | 3,099,000 | 0.01% |
2023-05-16 | Rockefeller Capital Management L.P. | sold off | -100 | -5,000 | - | -% |
2023-05-16 | RBF Capital, LLC | unchanged | - | 132,400 | 1,274,400 | 0.09% |
2023-05-16 | SRS Capital Advisors, Inc. | reduced | -3.09 | 485 | 6,016 | -% |
2023-05-16 | Baker Avenue Asset Management, LP | unchanged | - | 53.00 | 510 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CCOI Alerts
Cogent Communications Holdings News
Schedule 13G FIlings of Cogent Communications Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.89% | 5,226,031 | SC 13G/A | |
| Feb 03, 2023 | vaughan nelson investment management, l.p. | 5.34% | 2,565,270 | SC 13G | |
| Jan 30, 2023 | blackrock inc. | 15.6% | 7,473,928 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 10.14% | 4,835,162 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 14.8% | 7,072,055 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 14.8% | 7,072,055 | SC 13G/A | |
| May 10, 2021 | vanguard group inc | 10.02% | 4,764,937 | SC 13G/A | |
| Feb 11, 2021 | renaissance technologies llc | 5.71% | 2,697,156 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.80% | 4,630,490 | SC 13G/A | |
| Jan 26, 2021 | blackrock inc. | 13.7% | 6,486,585 | SC 13G/A |
CCOI Fair Value
Recent SEC filings of Cogent Communications Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 12, 2023 | 144 | Notice of Insider Sale Intent | |
| May 12, 2023 | 144/A | 144/A | |
| May 12, 2023 | 4 | Insider Trading | |
| May 12, 2023 | 4 | Insider Trading | |
| May 12, 2023 | S-8 | Employee Benefits Plan | |
| May 10, 2023 | 144 | Notice of Insider Sale Intent | |
| May 10, 2023 | 4 | Insider Trading | |
| May 09, 2023 | 144 | Notice of Insider Sale Intent | |
| May 05, 2023 | 10-Q | Quarterly Report | |
| May 04, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CCOI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-10-03 | BROOKS STEVEN D | acquired | - | - | 1,709 | - |
2023-05-11 | BROOKS STEVEN D | sold | -246,875 | 65.0012 | -3,798 | - |
2023-05-10 | SCHAEFFER DAVE | sold | -2,288,370 | 65.382 | -35,000 | chairman, ceo, and president |
2023-05-09 | WEED THADDEUS GERARD | sold | -649,600 | 64.96 | -10,000 | vice president, cfo |
2023-05-03 | O'Connor Greg W | acquired | - | - | 16,000 | vp, chief operating officer |
2023-05-03 | Chang John B. | sold | -365,000 | 73.00 | -5,000 | vp & chief legal officer |
2023-04-17 | Chang John B. | sold | -35,000 | 70.00 | -500 | vp & chief legal officer |
2023-04-01 | Howell Deneen C | acquired | - | - | 1,456 | - |
2023-04-01 | Kennedy Sheryl Lynn | acquired | - | - | 1,456 | - |
2023-04-01 | de Sa Paul | acquired | - | - | 1,456 | - |
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 to multi-tenant office buildings. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
CCOI Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | ||
| Service revenue | $ 153,588 | $ 149,175 |
| Operating expenses: | ||
| Network operations (including $149 and $144 of equity-based compensation expense, respectively, exclusive of depreciation and amortization shown separately below) | 58,638 | 57,449 |
| Selling, general, and administrative (including $6,432 and $5,912 of equity-based compensation expense, respectively) | 45,078 | 40,627 |
| Acquisition costs - Sprint (T-Mobile) Wireline | 400 | |
| Depreciation and amortization | 25,160 | 22,688 |
| Total operating expenses | 129,276 | 120,764 |
| Gains on lease terminations | 373 | |
| Operating income | 24,312 | 28,784 |
| Interest expense | (19,005) | (14,168) |
| Change in valuation - interest rate swap agreement | 1,847 | (21,271) |
| Unrealized foreign exchange gain on 2024 Euro Notes | 8,014 | |
| Interest income and other, net | 3,498 | 319 |
| Income before income taxes | 10,652 | 1,678 |
| Income tax expense | (4,504) | (541) |
| Net income | 6,148 | 1,137 |
| Comprehensive income (loss): | ||
| Net income | 6,148 | 1,137 |
| Foreign currency translation adjustment | 1,788 | (2,165) |
| Comprehensive income (loss) | $ 7,936 | $ (1,028) |
| Net income per common share: | ||
| Basic net income per common share | $ 0.13 | $ 0.02 |
| Diluted net income per common share | 0.13 | 0.02 |
| Dividends declared per common share | $ 0.925 | $ 0.855 |
| Weighted-average common shares - basic | 47,037,091 | 46,575,848 |
| Weighted-average common shares - diluted | 47,381,226 | 46,929,191 |
CCOI Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 184,140 | $ 223,783 |
| Restricted cash | 50,282 | 52,129 |
| Accounts receivable, net of allowance for credit losses of $2,675 and $2,303, respectively | 45,172 | 44,123 |
| Prepaid expenses and other current assets | 49,203 | 45,878 |
| Total current assets | 328,797 | 365,913 |
| Property and equipment: | ||
| Property and equipment | 1,769,171 | 1,714,906 |
| Accumulated depreciation and amortization | (1,197,136) | (1,170,476) |
| Total property and equipment, net | 572,035 | 544,430 |
| Right-of-use leased assets | 79,430 | 81,601 |
| Deposits and other assets | 18,150 | 18,238 |
| Total assets | 998,412 | 1,010,182 |
| Current liabilities: | ||
| Accounts payable | 18,501 | 27,208 |
| Accrued and other current liabilities | 76,770 | 63,889 |
| Current maturities, operating lease liabilities | 12,369 | 12,005 |
| Finance lease obligations, current maturities | 19,782 | 17,182 |
| Total current liabilities | 127,422 | 120,284 |
| Operating lease liabilities, net of current maturities | 91,922 | 94,587 |
| Finance lease obligations, net of current maturities | 300,600 | 287,044 |
| Other long-term liabilities | 82,427 | 82,636 |
| Total liabilities | 1,546,959 | 1,528,814 |
| Commitments and contingencies: | ||
| Stockholders' deficit: | ||
| Common stock, $0.001 par value; 75,000,000 shares authorized; 48,296,882 and 48,013,330 shares issued and outstanding, respectively | 48 | 48 |
| Additional paid-in capital | 582,524 | 575,064 |
| Accumulated other comprehensive loss | (17,368) | (19,156) |
| Accumulated deficit | (1,113,751) | (1,074,588) |
| Total stockholders' deficit | (548,547) | (518,632) |
| Total liabilities and stockholders' deficit | 998,412 | 1,010,182 |
| Senior secured 2026 Notes | ||
| Current liabilities: | ||
| Senior secured 2026 notes, net of unamortized debt costs of $840 and $905, respectively, and discount of $1,118 and $1,203, respectively | 498,042 | 497,892 |
| Senior unsecured 2027 Notes | ||
| Current liabilities: | ||
| Senior unsecured 2027 notes, net of unamortized debt costs of $1,116 and $1,173, respectively, and discount of $2,338 and $2,456, respectively | $ 446,546 | $ 446,371 |