Stock Analysis
Cogent Communications Holdings, Inc.CCOI
Sector: Communication Services · Industry: Communications Services, Nec
AnalystsBuy18 analystsPrice is 2% of the way from the year's low to its high.
Cash covers 7% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Quality72
Risks
- Profitability0
- Financial Health3
Cheap for a reason — fundamentals remain weak.
Market context
-3.4% today· Z 0.4σ· RVOL 2.1×
Bull Case
- ✓Revenue CAGR 13.4% — durable top-line growth
What's happening with CCOI
Profile
profitability, financial health, growth, moat and valuation lag behind.
How is each axis scored?
- Valuation45/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-34.0%)0/25
- P/S (0.4x)25/25
- EV/EBIT (n/a)10/25
- Growth20/100 · Weak
- Revenue CAGR (13.4%)20/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-2.0%)0/25
- ROE (n/a)0/25
- Net margin (-4.7%)0/25
- Operating margin (-6.3%)0/25
- Financial Health3/100 · Weak
- Altman Z (-0.25)3/25
- Current ratio (0.63)0/25
- Interest coverage (-1.6x)0/25
- Net cash / debt (D/A 79%)0/25
- Quality72/100 · Moderate
- Piotroski F (4/9)10/25
- Beneish M (-2.96)25/25
- FCF conversion (316%)25/25
- Margin stability (σ 14.5%)12/25
- Moat41/100 · Weak
- ROIC >12% years (2/5 yrs)6/25
- Median gross margin (57.3%)25/25
- FCF-positive years (7/10 yrs)10/25
- Worst-year net margin (worst -19.7%)0/25
Risk Flags
- ⚠Altman Z -0.3 — distress-zone balance sheet
- ⚠Negative FCF margin (-0.1%) — burning cash
- ⚠2 loss-making years in recent history
- ⚠Interest coverage -1.6× — thin debt cushion
About Cogent Communications Holdings, Inc.
Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Show more
Cogent's netcentric customers, which contribute nearly half of total revenue, include internet service providers and content providers, to which Cogent provides internet transit service. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking. Cogent's corporate customers are exclusively in North America and account for about 40% of the firm's revenue.
Headquarters: WASHINGTON, DC · Employees: 1,833 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
45D+P/E (TTM)—
Price / TTM EPS (own statements)
P/FCF3.8xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-34.0%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -40.6%–4.3% · lowest in history · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)0.44xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.4x–6.4x · lowest in history
EV/EBITDA8.4xA
Grade A: CheapEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales2.7xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B RatioNeg. EquityC
Grade C: BuybacksPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield13.86%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio3.4%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
0EROIC-2.0%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROENeg. EquityC
Grade C: BuybacksReturn on Equity. Neg. equity = heavy buybacks
ROA-1.5%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-4.7%D
Grade D: LowNet Income / Revenue
Operating Margin-6.3%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin46.3%C
Grade C: AverageGross Profit / Revenue
FCF Margin-14.9%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-18.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
20ERevenue CAGR13.4%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+9.6%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue3.0%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
3EAltman Z-Score-0.25D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.63xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.56xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-1.6xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity—
Debt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.07xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
72B+Piotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.96A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion316.0%A
Grade A: StrongFCF / Net Income · CapEx exceeds operating cash flow (1044% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability14.5%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue16.5%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.31xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
KILMER HENRY W Filed | KILMER HENRY W | SellOpen market sale | -2400 | |
WEED THADDEUS GERARD Filed | WEED THADDEUS GERARD | SellOpen market sale | -4850 | |
Howard Eve N Filed | Howard Eve N | Grant / award | +3.4K | |
Howell Deneen C Filed | Howell Deneen C | Grant / award | +3.4K | |
de Sa Paul Filed | de Sa Paul | Grant / award | +3.4K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
BROOKS STEVEN D Filed | BROOKS STEVEN D | Grant / award | +3.4K | |
WEED THADDEUS GERARD Filed | WEED THADDEUS GERARD | SellOpen market sale | -4850 | |
KILMER HENRY W Filed | KILMER HENRY W | SellOpen market sale | -2400 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
41D+ROIC >12% Years2/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)57.3%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years7/10 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-19.7%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$3.59
Cash & short-term investments per share (Finnhub)
Book Value / Share$0.95
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$2.64B
Total debt obligations (short + long term)
Cash & Equiv.$183.70M
Cash and short-term investments
Net Debt$2.45B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$-34.13M
Shareholders' equity (book value)
Asset / Liability0.99xD
Grade D: RiskyTotal Assets / Total Liabilities
Market
Market Cap$420.00M
Current Market Capitalization
Beta0.76B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Cogent Communications Holdings, Inc. (CCOI)
CCOI is down 3.35% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Cogent Communications Holdings, Inc.. Altman Z-Score of -0.25 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.96 suggests a low likelihood of earnings manipulation. Free-cash-flow margin is negative (-15%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of -1.6× leaves little room for earnings shocks.
- Cogent Communications Holdings, Inc. posted a net loss in 2 of 10 available completed fiscal years (2016–2025).
- The stock currently yields 13.9% in dividends.
See how CCOI ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all CCOI moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 23 | Regular | 8.26 | -11.28% | -2.66 |
| Sep 23 | After-hours | 8.18 | -12.14% | -2.88 |
Frequently Asked Questions about CCOI
What is the current Cogent Communications Holdings, Inc. (CCOI) stock price?
CCOI is trading at $8.07 at the last market close, down 3.35% on the session. PreMarketPrice tracks CCOI pre-market, intraday and after-hours prices.
Is CCOI stock a buy right now?
PreMarketPrice's quantitative model rates Cogent Communications Holdings, Inc.'s financial health at 3/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is CCOI stock overvalued?
Cogent Communications Holdings, Inc. trades at a trailing P/E of n/a and our valuation score rates it 45/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Cogent Communications Holdings, Inc. report earnings?
No confirmed earnings date is currently scheduled for CCOI. The Earnings section lists recent reports and updates as dates are announced.
What sector does Cogent Communications Holdings, Inc. operate in?
Cogent Communications Holdings, Inc. operates in the Communication Services sector, within the Communications Services, Nec industry. The Related Stocks section lists sector peers for comparison.
What does Cogent Communications Holdings, Inc. do?
Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses.
About Cogent Communications Holdings, Inc. (CCOI) Stock
Cogent Communications Holdings, Inc. (CCOI) is a US-listed stock operating in the Communication Services sector, specifically the Communications Services, Nec industry. As of the latest update, Cogent Communications Holdings, Inc. is trading at $8.07, down 3.35% on the day with a market capitalization of $420 million. The financial health score for CCOI is 3/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for CCOI stock.
CCOI Stock Analysis & Key Metrics
On PreMarketPrice, you can track Cogent Communications Holdings, Inc. (CCOI) across multiple dimensions:
- Pre-market price & movement: Real-time CCOI stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for CCOI with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Cogent Communications Holdings, Inc. across multiple reporting periods.
- Financial health score: A composite score of 3/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for CCOI.
- Sector peers: Compare CCOI against 6 other communication services stocks on key financial metrics.
Is CCOI a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Cogent Communications Holdings, Inc. (CCOI) as an investment. The financial health score of 3/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Cogent Communications Holdings, Inc. (CCOI) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.