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Cogent Communications Holdings, Inc. (CCOI)

Communication Services | Telecom Services | Washington, United States | NasdaqGS
12.93 USD +0.32 (2.538%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 12.93

Short-term:★☆☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 5:17 a.m. EDT

The investment case for Cogent Communications is currently defined by a severe disconnect between its distressed fundamentals and its precarious financial structure. The company is generating negative free cash flow and reporting negative operating margins, while its balance sheet is weighed down by approximately $2.66 billion in debt against only $140 million in cash. This deleveraging pressure is compounded by a sharp contraction in business, with revenue shrinking by 3.2% annually and a trailing twelve-month loss of nearly 19%. While the recent sale of data center assets offers a strategic pivot toward its core network business, the market has priced this transition poorly, leaving the stock trading at a fraction of its historical value despite the turnaround narrative. The dividend, while yielding over 8%, is unsustainable given the negative cash flow and a payout ratio exceeding 500%; it appears to be a temporary measure that will likely face cuts as the company prioritizes solvency. On the technical front, the stock remains trapped below its 50-day and 200-day moving averages, confirming a prolonged downtrend. Options activity reinforces this bearish sentiment, with traders aggressively buying put protection at strikes well below the current price, suggesting a high probability of further downside before any meaningful recovery can occur.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.228841
AutoETS0.295661
MSTL0.297699
AutoTheta0.302072

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 31%
H-stat 3.47
Ljung-Box p 0.000
Jarque-Bera p 0.268
Excess Kurtosis -0.62
Attribute Value
Sector Communication Services
Ex Dividend Date 2026-05-17
Last Dividend Date 2026-05-17
Revenue per Share 18.547
Market Cap 647,504,192
Forward P/E -4.38
Beta 0.78
Profit Margins -19.08%
Website https://www.cogentco.com

As of July 11, 2026, 5:17 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 10.0 and 12.5) across multiple expirations, particularly for August and October. Conversely, call activity is concentrated in deep out-of-the-money strikes (35.0, 45.0, 55.0) with very low volume, indicating speculative bets on a distant recovery rather than near-term upside. The implied volatility skew shows significantly higher premiums for downside protection compared to upside potential.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.12% 3.03% 5.09% 5.30%
Dividend History
Date Dividend Yield %
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
dividendRate 1.08
dividendYield 8.53
exDividendDate 2026-05-18
trailingAnnualDividendRate 2.065
trailingAnnualDividendYield 0.16375893
lastDividendValue 0.02
lastDividendDate 2026-05-18
dividendDate 2026-06-02

Info Dump

Attribute Value
52 Week Change -0.7500496
Address1 2,450 North Street NW
All Time High 110.0
All Time Low 3.39
Ask 16.53
Ask Size 2
Audit Risk 6
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 1,611,250
Average Daily Volume3 Month 1,344,922
Average Volume 1,344,922
Average Volume10Days 1,611,250
Beta 0.779
Bid 9.47
Bid Size 2
Board Risk 5
Book Value -2.18
City Washington
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 10
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.93
Current Ratio 1.903
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 13.445
Day Low 12.75
Display Name Cogent Communications
Dividend Date 1,780,358,400
Dividend Rate 1.08
Dividend Yield 8.53
Earnings Call Timestamp End 1,777,897,800
Earnings Call Timestamp Start 1,777,897,800
Earnings Timestamp 1,777,897,800
Earnings Timestamp End 1,777,897,800
Earnings Timestamp Start 1,777,897,800
Ebitda 168,242,000
Ebitda Margins 0.18916
Enterprise To Ebitda 18.659
Enterprise To Revenue 3.529
Enterprise Value 3,139,151,104
Eps Current Year -3.9175
Eps Forward -2.9525
Eps Trailing Twelve Months -3.54
Esg Populated 0
Ex Dividend Date 1,779,062,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.2382
Fifty Day Average Change -3.308199
Fifty Day Average Change Percent -0.20372942
Fifty Two Week Change Percent -75.00496
Fifty Two Week High 54.37
Fifty Two Week High Change -41.44
Fifty Two Week High Change Percent -0.76218504
Fifty Two Week Low 11.43
Fifty Two Week Low Change 1.5
Fifty Two Week Low Change Percent 0.13123359
Fifty Two Week Range 11.43 - 54.37
Financial Currency USD
First Trade Date Milliseconds 1,012,919,400,000
Five Year Avg Dividend Yield 6.6
Float Shares 42,180,091
Forward Eps -2.9525
Forward P E -4.3793397
Free Cashflow -108,703,000
Full Exchange Name NasdaqGS
Full Time Employees 1,795
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.49601
Gross Profits 441,152,992
Has Pre Post Market Data 1
Held Percent Insiders 0.042340003
Held Percent Institutions 1.02713
Implied Shares Outstanding 50,077,663
Industry Telecom Services
Industry Disp Telecom Services
Industry Key telecom-services
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,779,062,400
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 647,504,192
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_97928
Most Recent Quarter 1,774,915,200
Net Income To Common -169,674,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 630,978,553
Number Of Analyst Opinions 11
Open 12.75
Operating Cashflow -32,096,000
Operating Margins -0.07481
Overall Risk 6
Payout Ratio 5.6232
Peg Ratio 2.22
Phone 202 295 4200
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 12.93
Post Market Time 1,783,981,117
Previous Close 12.61
Price Eps Current Year -3.3005743
Price Hint 2
Price To Book -5.9311924
Price To Sales Trailing12 Months 0.72801954
Profit Margins -0.19077
Quick Ratio 1.427
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 0.320001
Regular Market Change Percent 2.53767
Regular Market Day High 13.445
Regular Market Day Low 12.75
Regular Market Day Range 12.75 - 13.445
Regular Market Open 12.75
Regular Market Previous Close 12.61
Regular Market Price 12.93
Regular Market Time 1,783,972,801
Regular Market Volume 1,130,124
Return On Assets -0.016180001
Return On Equity -8.77276
Revenue Growth -0.032
Revenue Per Share 18.547
Sand P52 Week Change 0.20847368
Sector Communication Services
Sector Disp Communication Services
Sector Key communication-services
Share Holder Rights Risk 1
Shares Outstanding 50,077,663
Shares Percent Shares Out 0.142
Shares Short 7,109,316
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 6,048,557
Short Name Cogent Communications Holdings,
Short Percent Of Float 0.1985
Short Ratio 5.45
Source Interval 15
State DC
Symbol CCOI
Target High Price 34.0
Target Low Price 14.0
Target Mean Price 21.27273
Target Median Price 20.0
Total Cash 140,264,992
Total Cash Per Share 2.936
Total Debt 2,661,747,968
Total Revenue 889,404,992
Tradeable 0
Trailing Annual Dividend Rate 2.065
Trailing Annual Dividend Yield 0.16375893
Trailing Eps -3.54
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 23.51185
Two Hundred Day Average Change -10.58185
Two Hundred Day Average Change Percent -0.45006454
Type Disp Equity
Volume 1,130,124
Website https://www.cogentco.com
Zip 20,037