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

Risk via 10d forecast
Volatility 114%
Value at Risk 5%th 175%
Reward
Sharpe Ratio -2.22
Alpha Jensen -88.97
Character
Hurst Exponent 0.898
Beta 0.759
Drawdowns 3y
Max DD 78.91%
Mean DD 17.20%

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 1,154m
Sub-Industry Alternative Carriers
IPO / Inception 2002-02-05
Return 12m vs S&P 500 -79.9%
Analyst Rating 3.75 of 5

CCOI Dividends

Dividend Yield 24.13%
Yield on Cost 5y 8.71%
Yield CAGR 5y 9.02%
Payout Consistency 100.0%
Payout Ratio 562.3%

CCOI Growth Ratios

CAGR -29.84%
CAGR/Max DD Calmar Ratio -0.38
CAGR/Mean DD Pain Ratio -1.73
Current Volume 3203.2k
Average Volume 1120.4k

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (-194.7m TTM) > 0 and > 6% of Revenue (6% = 44.7m TTM)
FCFTA -0.06 (>2.0%) and ΔFCFTA 2.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 32.49% (prev 27.35%; Δ 5.14pp) (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 (2.13b) to EBITDA (167.1m) ratio: 12.75 <= 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 32.21% (prev 37.39%; Δ -5.17pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 23.47% (prev 32.96%; Δ -9.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -1.17 (EBITDA TTM 167.1m / Interest Expense TTM 156.0m) >= 6 (WARN >= 3)

Altman Z'' -0.81

(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
(C) -0.06 = EBIT TTM -183.2m / Avg Total Assets 3.18b
(D) -0.21 = Book Value of Equity -676.9m / Total Liabilities 3.19b
Total Rating: -0.81 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 18.06

1. Piotroski 1.0pt = -4.0
2. FCF Yield -5.69% = -2.84
3. FCF Margin -25.04% = -7.50
4. Debt/Equity -58.14 = -2.50
5. Debt/Ebitda 12.75 = -2.50
6. ROIC - WACC (= -12.64)% = -12.50
7. RoE -208.7% = -2.50
8. Rev. Trend 60.14% = 4.51
9. EPS Trend -42.06% = -2.10

What is the price of CCOI shares?

As of November 14, 2025, the stock is trading at USD 16.68 with a total of 3,203,218 shares traded.
Over the past week, the price has changed by -33.15%, over one month by -61.74%, over three months by -50.78% and over the past year by -77.11%.

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 18.06 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 16.89 USD . This means that CCOI is currently overvalued and has a potential downside of 1.26%.

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 40.6 143.6%
Analysts Target Price 40.6 143.6%
ValueRay Target Price 18.1 8.3%

CCOI Fundamental Data Overview November 11, 2025

Market Cap USD = 1.15b (1.15b USD * 1.0 USD.USD)
P/E Forward = 5000.0
P/S = 1.2718
P/B = 42.5664
P/EG = 85.8913
Beta = 0.759
Revenue TTM = 745.6m USD
EBIT TTM = -183.2m USD
EBITDA TTM = 167.1m USD
Long Term Debt = 1.44b USD (from longTermDebt, last fiscal year)
Short Term Debt = 80.1m USD (from shortTermDebt, last quarter)
Debt = 2.28b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.13b USD (from netDebt column, last quarter)
Enterprise Value = 3.28b USD (1.15b + Debt 2.28b - CCE 147.1m)
Interest Coverage Ratio = -1.17 (Ebit TTM -183.2m / Interest Expense TTM 156.0m)
FCF Yield = -5.69% (FCF TTM -186.7m / Enterprise Value 3.28b)
FCF Margin = -25.04% (FCF TTM -186.7m / Revenue TTM 745.6m)
Net Margin = -26.12% (Net Income TTM -194.7m / Revenue TTM 745.6m)
Gross Margin = 32.21% ((Revenue TTM 745.6m - Cost of Revenue TTM 505.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev 13.59%)
Tobins Q-Ratio = 1.04 (Enterprise Value 3.28b / Total Assets 3.15b)
Interest Expense / Debt = 1.90% (Interest Expense 43.4m / Debt 2.28b)
Taxrate = 21.01% (-11.1m / -52.6m)
NOPAT = -144.7m (EBIT -183.2m * (1 - 21.01%)) [loss with tax shield]
Current Ratio = 2.02 (Total Current Assets 479.8m / Total Current Liabilities 237.5m)
Debt / Equity = -58.14 (negative equity) (Debt 2.28b / totalStockholderEquity, last quarter -39.2m)
Debt / EBITDA = 12.75 (Net Debt 2.13b / EBITDA 167.1m)
Debt / FCF = -11.41 (negative FCF - burning cash) (Net Debt 2.13b / 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 = -11.95% (EBIT -183.2m / Capital Employed (Equity 93.3m + L.T.Debt 1.44b))
RoIC = -8.67% (negative operating profit) (NOPAT -144.7m / Invested Capital 1.67b)
WACC = 3.96% (E(1.15b)/V(3.43b) * Re(8.81%) + D(2.28b)/V(3.43b) * Rd(1.90%) * (1-Tc(0.21)))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
Fair Price DCF = unknown (Cash Flow -186.7m)
EPS Correlation: -42.06 | EPS CAGR: -27.54% | SUE: 0.13 | # QB: 0
Revenue Correlation: 60.14 | Revenue CAGR: 21.29% | SUE: -0.19 | # QB: 0

Additional Sources for CCOI Stock

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