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Cogent Communications Holdings Inc CCOI Stock Quote

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Morningstar‘s Stock Analysis CCOI

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Cogent’s Stock Pops as It Finally Returns to Corporate Customer Growth in Q3

Matthew Dolgin Equity Analyst

Analyst Note

| Matthew Dolgin |

Cogent had a strong third quarter, with the underlying business performing much better than the mildly disappointing headline financial numbers would imply. The most important thing, in our view, is that the firm grew its corporate customer base for the first time since the pandemic began in the first quarter of 2020. We had expected this to occur, but we think the market has been fearful of a continual decline in that business due to a work-from-home culture. The firm’s netcentric business remained strong but suffered from unfavorable currency exchange rates. In all, nothing in the quarter made us change our forecast or our $65 fair value estimate.

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Key Statistics CCOI

Company Profile CCOI

Business Description

Cogent carries over one fifth of the world's Internet traffic over its network and is an Internet service provider for businesses. Cogent's corporate customers are in high-rise office buildings, and the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include Internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

2450 N Street North West
Washington, DC, 20037
Industry Telecom Services
Employees 1,041

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FAQs for Cogent Communications Holdings Inc Stock

Yes. CCOI has a forward dividend yield of 6.47%. See CCOI’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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CCOI’s market cap is 2.72 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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CCOI’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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CCOI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

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