Stocks · Communication Services · Telecommunications Services
Cogent Communications Holdings, Inc. CCOI
$8.46 +2.79% Close, Oct 2, 2026 · NASDAQ · Market cap $423.7M
Strong growthWeak trendHigh risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 5.3% from -16.2% a year earlier.
- Over the past year the stock returned -78.4%, behind the S&P 500 by 93.4 percentage points.
- The stock is 81% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Communication Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 21%
- Revenue growth, 3-year CAGRTop 22%
- Revenue growth accelerationTop 4%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 38%
- Gross marginBottom 32%
- Operating marginBottom 46%
- Accruals (lower is better)Bottom 21%
- Net debt / EBITDA (lower is better)Bottom 14%
- Interest coverBottom 32%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 21%
- Free-cash-flow yieldBottom 5%
- EBITDA / enterprise valueTop 21%
- Sales / enterprise valueBottom 35%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 3%
- 6-month returnBottom 3%
- 1-year return vs S&P 500Bottom 4%
- Distance from 52-week highBottom 4%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 16%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyBottom 9%
- Upside to consensus price targetTop 15%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 6%
- Maximum drawdown, 3 yearsBottom 6%
- Beta vs S&P 500 (lower is better)Top 34%
- Net debt / EBITDA (lower is better)Bottom 14%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -6.7% | 17.4% | ↑ |
| Gross margin | 33.5% | 42.0% | ↑ |
| Operating margin | -16.2% | 5.3% | ↑ |
| FCF margin | -23.2% | -12.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 17.4% | -6.7% | ↑ | Top 21% |
| Gross margin | 42.0% | 33.5% | ↑ | Bottom 32% |
| Operating margin | 5.3% | -16.2% | ↑ | Bottom 46% |
| Net margin | -7.2% | -21.6% | ↑ | — |
| Free-cash-flow margin | -12.1% | -23.2% | ↑ | — |
| Return on invested capital | 1.5% | — | Bottom 38% | |
| Revenue growth, 3-year CAGR | 17.6% | — | Top 22% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -70.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.45×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 12.97%
- Net buyback yield (TTM)
- 1.22%
- Shareholder yield
- 14.19%
- Share count change, 1 year
- +1.6%
- Share count change, 3-year CAGR
- +0.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +80.8%
- Average 2-day reaction, last 8
- -18.0%
- Positive 20 days after report
- 0 of 8
Analysts
- Consensus price target
- $16.40
- Target vs current price
- +93.9%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 28%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +238.0% | -15.2% | -20.4% | -20.6% | — |
| May 4, 2026 | +19.4% | -29.3% | -28.1% | -23.6% | -45.2% |
| Feb 20, 2026 | +41.3% | -29.3% | -29.5% | -23.9% | -37.4% |
| Nov 6, 2025 | +24.3% | -34.9% | -51.7% | -51.0% | -36.7% |
| Aug 7, 2025 | -30.1% | -19.5% | -20.6% | -16.5% | -8.4% |
| May 8, 2025 | -3.8% | -7.3% | -4.4% | -10.9% | -14.9% |
| Feb 27, 2025 | +25.4% | -9.5% | -12.4% | -21.3% | -42.7% |
| Nov 7, 2024 | +0.7% | +0.8% | -7.2% | -7.1% | -6.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.38 | -$1.00 | +238.0% | $235.6M |
| May 4, 2026 | -$0.83 | -$1.03 | +19.4% | $239.2M |
| Feb 20, 2026 | -$0.64 | -$1.09 | +41.3% | $240.5M |
| Nov 6, 2025 | -$0.87 | -$1.15 | +24.3% | $222.7M |
| Aug 7, 2025 | -$1.21 | -$0.93 | -30.1% | $246.2M |
| May 8, 2025 | -$1.09 | -$1.05 | -3.8% | $247.0M |
| Feb 27, 2025 | -$0.91 | -$1.22 | +25.4% | $252.3M |
| Nov 7, 2024 | -$1.33 | -$1.34 | +0.7% | $257.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 7.6× | — | — | Top 21% |
| EV / Sales | 2.44× | — | — | Bottom 35% |
| Free-cash-flow yield | -33.73% | — | — | Bottom 5% |
| Earnings yield | -21.04% | — | — | Bottom 21% |
P/E over the past five years
Range 2.4× – 306.9× since Sep 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -13.7%
- 200-day average slope (20 days)
- -6.1%
- Distance from 50-day average
- -15.7%
- Distance from 200-day average
- -50.7%
- RSI (14)
- 44.8
- Relative volume
- 1.07×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 86.9%
- Volatility vs own 5-year history
- 85th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.68
- Correlation with S&P 500
- 0.14
- Current drawdown from 1-year high
- -81.2%
- Maximum drawdown, 3 years
- -91.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 7, 2024 | Sep 29, 2026 | -91.4% | 472 days | Not yet recovered |
| Nov 16, 2021 | Oct 12, 2022 | -38.7% | 227 days | 345 days (Feb 28, 2024) |
| Feb 29, 2024 | Jun 21, 2024 | -36.1% | 78 days | 76 days (Oct 9, 2024) |
| Oct 12, 2020 | Nov 6, 2020 | -16.9% | 19 days | 91 days (Mar 22, 2021) |
| Jun 22, 2021 | Sep 28, 2021 | -11.2% | 68 days | 35 days (Nov 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $423.7M
- EPS, diluted (TTM)
- -$1.78
- Revenue (TTM)
- $1.18B
- Dividend yield
- 0.95%
- 52-week range
- $7.13 – $45.69
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $589.8M | $599.6M | $940.9M | $1.04B | $975.8M |
| Gross profit | $363.5M | $371.4M | $396.7M | $394.3M | $170.6M |
| Operating income | $119.2M | $114.0M | -$129.3M | -$197.6M | -$103.8M |
| Net income | $48.2M | $5.1M | $1.27B | -$204.1M | -$182.2M |
| EPS (diluted) | $1.03 | $0.11 | $26.62 | -$4.30 | -$3.80 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $257.2M | $252.3M | $247.0M | $246.2M | $222.7M | $240.5M | $239.2M | $474.7M |
| Net income | -$63.1M | -$43.3M | -$52.0M | -$57.8M | -$41.5M | -$30.8M | -$39.5M | $27.1M |
| EPS (diluted) | -$1.33 | -$0.91 | -$1.09 | -$1.21 | -$0.87 | -$0.64 | -$0.83 | $0.56 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $170.3M | $173.7M | $17.3M | -$8.6M | -$10.6M |
| Capital expenditure | -$69.9M | -$79.0M | -$129.6M | -$195.0M | -$187.6M |
| Free cash flow | $100.3M | $94.7M | -$112.3M | -$203.6M | -$198.1M |
| Dividends paid | -$150.3M | -$169.9M | -$181.7M | -$189.4M | -$150.1M |
| Net share buybacks | $0 | $0 | $0 | -$8.0M | -$16.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $183.7M
- Total assets
- $3.10B
- Total liabilities
- $3.14B
- Total debt
- $2.64B
- Net debt
- $2.45B
- Shareholders’ equity
- -$34.1M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 21, 2026 | $0.02 | Sep 4, 2026 |
| May 18, 2026 | $0.02 | Jun 2, 2026 |
| Mar 6, 2026 | $0.02 | Mar 20, 2026 |
| Nov 21, 2025 | $0.02 | Dec 8, 2025 |
| Aug 21, 2025 | $1.02 | Sep 5, 2025 |
| May 22, 2025 | $1.01 | Jun 6, 2025 |
| Mar 13, 2025 | $1.01 | Mar 28, 2025 |
| Nov 22, 2024 | $1.00 | Dec 6, 2024 |
Short interest
- Shares sold short
- 6,863,303
- Days to cover
- 3.56
- Change vs previous report
- -4.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 24, 2005
- 1-for-20