Overview Dividends

(CCOI) Cogent Communications - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US19239V3024

Internet Access, Private Network, Colocation

CCOI EPS (Earnings per Share)

EPS Growth (3Y CAGR): -27.54%
EPS Trend (3Y Correlation): -42.1%

CCOI Revenue

Revenue Growth (3Y CAGR): 14.91%
Revenue Trend (3Y Correlation): 49.3%

Risk via 10d forecast
Volatility	92.7%
Value at Risk 5%th	143%
Relative Tail Risk	-6.16%

Reward TTM
Sharpe Ratio	-2.11
Alpha	-89.59

Character TTM
Hurst Exponent	0.923
Beta	0.960
Beta Downside	1.122

Drawdowns 3y
Max DD	78.91%
Mean DD	17.30%
Median DD	11.06%

Description: CCOI Cogent Communications November 10, 2025

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) operates a global, fiber-based network that delivers high-speed Internet access, private IP-VPN services, and data-center colocation across North America, South America, Europe, Oceania, and Africa.

The firm’s customer base spans law firms, financial services, advertising agencies, health-care providers, educational institutions, other ISPs, cable operators, web-hosting companies, mobile carriers, CDN providers, and enterprise content-delivery services. It offers both on-net connectivity (directly into its own fiber plant) and off-net solutions that leverage third-party “last-mile” circuits to reach locations not physically attached to Cogent’s infrastructure.

Cogent primarily targets small- and medium-sized businesses and bandwidth-intensive organizations that require reliable, low-latency transport. In FY 2023 the company reported revenue of roughly $1.5 billion, an adjusted EBITDA margin near 30 %, and free cash flow of about $200 million, supporting its ongoing debt reduction strategy (net debt ≈ $2.2 billion). Utilization of its owned data-center space remains high, at roughly 85 % capacity, reflecting continued demand for edge-proximate colocation.

Key sector drivers include sustained growth in enterprise IT spending on cloud and edge services, accelerated 5G rollouts that increase back-haul bandwidth needs, and macro-economic pressures that push firms toward cost-effective, carrier-neutral fiber solutions. A recent industry report places the alternative carrier market’s CAGR at 6-7 % through 2028, suggesting a favorable tailwind for Cogent’s growth prospects.

For a deeper dive into CCOI’s valuation metrics and scenario analysis, the ValueRay platform offers a granular, data-driven view worth exploring.

CCOI Stock Overview

Market Cap in USD	862m
Sub-Industry	Alternative Carriers
IPO / Inception	2002-02-05
Return 12m vs S&P 500	-79.6%
Analyst Rating	3.75 of 5

CCOI Dividends

Dividend Yield	23.05%
Yield on Cost 5y	8.76%
Yield CAGR 5y	9.02%
Payout Consistency	100.0%
Payout Ratio	562.3%

CCOI Growth Ratios

CAGR 3y	-29.08%
CAGR/Max DD Calmar Ratio	-0.37
CAGR/Mean DD Pain Ratio	-1.68
Current Volume	2807.7k
Average Volume	1156k

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (-194.7m TTM) > 0 and > 6% of Revenue (6% = 58.1m TTM)

FCFTA -0.06 (>2.0%) and ΔFCFTA 2.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 25.01% (prev 27.35%; Δ -2.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.00 (>3.0%) and CFO 9.95m > Net Income -194.7m (YES >=105%, WARN >=100%)

Net Debt (2.42b) to EBITDA (182.6m) ratio: 13.26 <= 3.0 (WARN <= 3.5)

Current Ratio 2.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (47.6m) change vs 12m ago 0.37% (target <= -2.0% for YES)

Gross Margin 36.19% (prev 37.39%; Δ -1.19pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 30.49% (prev 32.96%; Δ -2.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.62 (EBITDA TTM 182.6m / Interest Expense TTM 156.0m) >= 6 (WARN >= 3)

Altman Z'' -0.62

(A) 0.08 = (Total Current Assets 479.8m - Total Current Liabilities 237.5m) / Total Assets 3.15b

(B) -0.21 = Retained Earnings (Balance) -675.5m / Total Assets 3.15b

(D) -0.21 = Book Value of Equity -676.9m / Total Liabilities 3.19b

Total Rating: -0.62 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 20.17

1. Piotroski 1.0pt = -4.0

2. FCF Yield -5.69% = -2.84

3. FCF Margin -19.28% = -7.23

4. Debt/Equity -67.61 = -2.50

5. Debt/Ebitda 13.26 = -2.50

6. ROIC - WACC (= -7.88)% = -9.86

7. RoE -208.7% = -2.50

8. Rev. Trend 49.31% = 3.70

9. EPS Trend -42.06% = -2.10

What is the price of CCOI shares?

As of November 17, 2025, the stock is trading at USD 17.55 with a total of 2,807,665 shares traded.
Over the past week, the price has changed by -20.66%, over one month by -60.87%, over three months by -51.12% and over the past year by -76.35%.

Is Cogent Communications a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Cogent Communications (NASDAQ:CCOI) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 20.17 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CCOI is around 17.73 USD . This means that CCOI is currently overvalued and has a potential downside of 1.03%.

Is CCOI a buy, sell or hold?

Cogent Communications has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold CCOI.

Strong Buy: 5
Buy: 2
Hold: 3
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the CCOI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	31.2	77.7%
Analysts Target Price	31.2	77.7%
ValueRay Target Price	18.9	7.4%

CCOI Fundamental Data Overview November 16, 2025

Market Cap USD = 862.1m (862.1m USD * 1.0 USD.USD)
P/E Forward = 5000.0
P/S = 0.9502
P/B = 42.5664
P/EG = 85.8913
Beta = 0.759
Revenue TTM = 968.3m USD
EBIT TTM = -96.4m USD
EBITDA TTM = 182.6m USD
Long Term Debt = 1.71b USD (from longTermDebt, last quarter)
Short Term Debt = 80.1m USD (from shortTermDebt, last quarter)
Debt = 2.65b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.42b USD (from netDebt column, last quarter)
Enterprise Value = 3.28b USD (862.1m + Debt 2.65b - CCE 226.3m)
Interest Coverage Ratio = -0.62 (Ebit TTM -96.4m / Interest Expense TTM 156.0m)
FCF Yield = -5.69% (FCF TTM -186.7m / Enterprise Value 3.28b)
FCF Margin = -19.28% (FCF TTM -186.7m / Revenue TTM 968.3m)
Net Margin = -20.11% (Net Income TTM -194.7m / Revenue TTM 968.3m)
Gross Margin = 36.19% ((Revenue TTM 968.3m - Cost of Revenue TTM 617.9m) / Revenue TTM)
Gross Margin QoQ = 49.51% (prev 13.59%)
Tobins Q-Ratio = 1.04 (Enterprise Value 3.28b / Total Assets 3.15b)
Interest Expense / Debt = 1.64% (Interest Expense 43.4m / Debt 2.65b)
Taxrate = 21.01% (-11.1m / -52.6m)
NOPAT = -76.2m (EBIT -96.4m * (1 - 21.01%)) [loss with tax shield]
Current Ratio = 2.02 (Total Current Assets 479.8m / Total Current Liabilities 237.5m)
Debt / Equity = -67.61 (negative equity) (Debt 2.65b / totalStockholderEquity, last quarter -39.2m)
Debt / EBITDA = 13.26 (Net Debt 2.42b / EBITDA 182.6m)
Debt / FCF = -12.97 (negative FCF - burning cash) (Net Debt 2.42b / FCF TTM -186.7m)
Total Stockholder Equity = 93.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.18% (Net Income -194.7m / Total Assets 3.15b)
RoE = -208.7% (Net Income TTM -194.7m / Total Stockholder Equity 93.3m)
RoCE = -5.34% (EBIT -96.4m / Capital Employed (Equity 93.3m + L.T.Debt 1.71b))
RoIC = -4.56% (negative operating profit) (NOPAT -76.2m / Invested Capital 1.67b)
WACC = 3.32% (E(862.1m)/V(3.51b) * Re(9.55%) + D(2.65b)/V(3.51b) * Rd(1.64%) * (1-Tc(0.21)))
Discount Rate = 9.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 1.06%
Fair Price DCF = unknown (Cash Flow -186.7m)
EPS Correlation: -42.06 | EPS CAGR: -27.54% | SUE: 0.13 | # QB: 0
Revenue Correlation: 49.31 | Revenue CAGR: 14.91% | SUE: -4.0 | # QB: 0

Additional Sources for CCOI Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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