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Cogent Communications Holdings, Inc. (CCOI)

Communication Services | Telecom Services | Washington, United States | NasdaqGS
8.15 USD +0.43 (5.505%) ⇧ (Oct. 15, 2026, 2:57 p.m. EDT)

Short-term:★☆☆☆☆Long-term:★☆☆☆☆Dividends:★☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 9:04 a.m. EDT

Cogent Communications is a distressed asset facing a perfect storm of deteriorating fundamentals and legal peril. The company is bleeding cash with negative free cash flow and negative operating margins, while revenue has contracted by nearly 5%. The balance sheet is precarious, carrying debt significantly higher than its cash reserves, resulting in negative book value. This financial rot is compounded by a severe legal crisis, with multiple class-action lawsuits alleging securities fraud related to undisclosed backlog issues, which has already erased nearly half the company's value over the last year. The short-term outlook remains bleak despite a recent technical bounce; the statistical forecast models a continued decline, and the options market is screaming 'sell,' with billions of dollars in implied protection bought at strikes far below the current price. The dividend is a mirage—a tiny fraction of a cent paid on a shrinking equity base that is likely unsustainable given the negative earnings and cash burn. There is no evidence of a turnaround; instead, the data points to a value trap where the market has correctly priced in the collapse of the business model and the looming legal liabilities.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.094734
AutoETS0.279465
AutoARIMA0.279469
MSTL0.281339

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 38%
H-stat 1.37
Ljung-Box p 0.000
Jarque-Bera p 0.505
Excess Kurtosis -0.54
Attribute Value
Sector Communication Services
Ex Dividend Date 2026-08-20
Last Dividend Date 2026-08-20
Revenue per Share 18.325
Market Cap 417,152,192
Forward P/E -3.15
Beta 0.79
Profit Margins -5.14%
Website https://www.cogentco.com

As of Oct. 10, 2026, 9:04 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 2.5 and 5.0) expiring in late 2027 and early 2028. While there is some speculative call volume at strikes 25.0 and 20.0, the overwhelming capital allocation is in put writing and buying, suggesting a consensus view of significant further depreciation rather than a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.22% 0.54% 4.70% 5.12%
Dividend History
Date Dividend Yield %
2026-08-21 0.020 0.218103
2026-05-18 0.020 0.116144
2026-03-06 0.020 0.086693
2025-11-21 0.020 0.117302
2025-08-21 1.015 2.705224
2025-05-22 1.010 2.200436
2025-03-13 1.005 1.486466
2024-11-22 0.995 1.196489
2024-08-22 0.985 1.361061
2024-05-22 0.975 1.656755
2024-03-14 0.965 1.503115
2023-11-22 0.955 1.448286
2023-08-23 0.945 1.386240
2023-05-17 0.935 1.497438
2023-03-09 0.925 1.518136
2022-11-17 0.915 1.600490
2022-08-17 0.905 1.552848
2022-05-12 0.880 1.505045
2022-03-08 0.855 1.383943
2021-11-18 0.830 1.045340
2021-08-19 0.805 1.138775
2021-05-13 0.780 1.015228
2021-03-11 0.755 1.218135
2020-11-19 0.730 1.250857
2020-08-20 0.705 1.052082
2020-05-21 0.680 0.903654
2020-03-12 0.660 0.853154
2019-11-21 0.640 1.023181
2019-08-22 0.620 1.032817
2019-05-16 0.600 1.025466
2019-03-07 0.580 1.195383
2018-11-15 0.560 1.150843
2018-08-16 0.540 1.015992
2018-05-16 0.520 1.025641
2018-03-08 0.500 1.149425
2017-11-16 0.480 1.034483
2017-08-16 0.460 1.057471
2017-05-16 0.440 1.098627
2017-03-08 0.420 1.079691
2016-11-18 0.400 1.036269
2016-08-17 0.380 1.043096
2016-05-18 0.370 0.970110
2016-03-08 0.360 1.000834
2015-11-18 0.350 1.058041
2015-08-19 0.340 1.175657
2015-05-20 0.420 1.294299
2015-03-09 0.350 0.989819
2014-11-24 0.310 0.883694
2014-08-27 0.300 0.859353
2014-05-28 0.170 0.463215
2014-03-05 0.390 1.054054
2013-11-25 0.370 1.002167
2013-09-03 0.140 0.450595
2013-05-29 0.130 0.470503
2013-02-28 0.120 0.477327
2012-11-19 0.110 0.518623
2012-08-20 0.100 0.508388
Additional Data
dividendYield 0.93
exDividendDate 2026-08-21
trailingAnnualDividendRate 1.075
trailingAnnualDividendYield 0.13924871
lastDividendValue 0.02
lastDividendDate 2026-08-21
dividendDate 2026-09-04

Info Dump

Attribute Value
52 Week Change -0.82787067
Address1 2,450 North Street NW
All Time High 110.0
All Time Low 3.39
Ask 9.8
Ask Size 2
Audit Risk 6
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 1,962,160
Average Daily Volume3 Month 1,875,478
Average Volume 1,875,478
Average Volume10Days 1,962,160
Beta 0.788
Bid 5.74
Bid Size 2
Board Risk 5
Book Value -0.712
City Washington
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 10
Country United States
Crypto Tradeable 0
Currency USD
Current Price 8.145
Current Ratio 0.632
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 8.17
Day Low 7.56
Display Name Cogent Communications
Dividend Date 1,788,480,000
Dividend Yield 0.93
Earnings Call Timestamp End 1,793,908,800
Earnings Call Timestamp Start 1,793,908,800
Earnings Timestamp 1,793,881,800
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda 162,863,008
Ebitda Margins 0.18511
Enterprise To Ebitda 17.328
Enterprise To Revenue 3.208
Enterprise Value 2,822,148,608
Eps Current Year -2.515
Eps Forward -2.58333
Eps Trailing Twelve Months -0.85
Esg Populated 0
Ex Dividend Date 1,787,270,400
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 9.3922
Fifty Day Average Change -1.2472
Fifty Day Average Change Percent -0.13279103
Fifty Two Week Change Percent -82.78706
Fifty Two Week High 45.69
Fifty Two Week High Change -37.545
Fifty Two Week High Change Percent -0.8217334
Fifty Two Week Low 7.13
Fifty Two Week Low Change 1.0150003
Fifty Two Week Low Change Percent 0.14235629
Fifty Two Week Range 7.13 - 45.69
Financial Currency USD
First Trade Date Milliseconds 1,012,919,400,000
Five Year Avg Dividend Yield 5.27
Float Shares 42,011,654
Forward Eps -2.58333
Forward P E -3.1529076
Free Cashflow -132,067,000
Full Exchange Name NasdaqGS
Full Time Employees 1,833
Fullday Change 0.42500067
Fullday Change Percent 5.5051904
Fullday Price 8.145
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.50345004
Gross Profits 442,945,984
Has Pre Post Market Data 1
Held Percent Insiders 0.041160002
Held Percent Institutions 0.95554
Implied Shares Outstanding 51,215,736
Industry Telecom Services
Industry Disp Telecom Services
Industry Key telecom-services
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,787,270,400
Last Dividend Value 0.02
Last Fiscal Year End 1,767,139,200
Last Split Date 1,111,622,400
Last Split Factor 1:20
Long Business Summary Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, South America, Europe, Oceania, and Africa. It 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. The company 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, it 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, the company operates data centers that allow its customers to collocate their equipment and access the network. 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.
Long Name Cogent Communications Holdings, Inc.
Market us_market
Market Cap 417,152,192
Market State REGULAR
Max Age 86,400
Message Board Id finmb_97928
Most Recent Quarter 1,782,777,600
Net Income To Common -45,231,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 416,640,012
Number Of Analyst Opinions 11
Open 7.61
Operating Cashflow 15,137,000
Operating Margins -0.0669
Overall Risk 6
Payout Ratio 5.6232
Peg Ratio 2.22
Phone 202 295 4200
Previous Close 7.72
Price Eps Current Year -3.2385685
Price Hint 2
Price To Book -11.439608
Price To Sales Trailing12 Months 0.4741368
Profit Margins -0.051409997
Quick Ratio 0.37
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 0.42500067
Regular Market Change Percent 5.5051904
Regular Market Day High 8.17
Regular Market Day Low 7.56
Regular Market Day Range 7.56 - 8.17
Regular Market Open 7.61
Regular Market Previous Close 7.72
Regular Market Price 8.145
Regular Market Time 1,792,090,651
Regular Market Volume 662,260
Return On Assets -0.01235
Return On Equity -7.2150297
Revenue Growth -0.042
Revenue Per Share 18.325
Sand P52 Week Change 0.16440773
Sector Communication Services
Sector Disp Communication Services
Sector Key communication-services
Share Holder Rights Risk 1
Shares Outstanding 51,215,736
Shares Percent Shares Out 0.1173
Shares Short 6,005,450
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 7,172,491
Short Name Cogent Communications Holdings,
Short Percent Of Float 0.1625
Short Ratio 2.68
Source Interval 15
State DC
Symbol CCOI
Target High Price 30.0
Target Low Price 9.0
Target Mean Price 15.09091
Target Median Price 12.0
Total Cash 183,703,008
Total Cash Per Share 3.833
Total Debt 2,635,860,992
Total Revenue 879,814,016
Tradeable 0
Trailing Annual Dividend Rate 1.075
Trailing Annual Dividend Yield 0.13924871
Trailing Eps -0.85
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 16.6272
Two Hundred Day Average Change -8.482199
Two Hundred Day Average Change Percent -0.51013994
Type Disp Equity
Volume 662,260
Website https://www.cogentco.com
Zip 20,037