(CCOI) Cogent Communications - Ratings and Ratios
Internet Access, Private Network, Colocation
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 16.05% |
| Yield on Cost 5y | 6.97% |
| Yield CAGR 5y | 9.02% |
| Payout Consistency | 100.0% |
| Payout Ratio | 562.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 60.8% |
| Value at Risk 5%th | 94.7% |
| Relative Tail Risk | -5.31% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.97 |
| Alpha | -90.46 |
| CAGR/Max DD | -0.34 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.619 |
| Beta | 0.941 |
| Beta Downside | 1.127 |
| Drawdowns 3y | |
|---|---|
| Max DD | 78.91% |
| Mean DD | 18.08% |
| Median DD | 11.37% |
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.
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 |
| (C) -0.03 = EBIT TTM -96.4m / Avg Total Assets 3.18b |
| (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) 21.95
| 1. Piotroski 1.0pt |
| 2. FCF Yield -5.73% |
| 3. FCF Margin -19.28% |
| 4. Debt/Equity -67.61 |
| 5. Debt/Ebitda 13.26 |
| 6. ROIC - WACC (= -7.83)% |
| 7. RoE -208.7% |
| 8. Rev. Trend 78.51% |
| 9. EPS Trend -51.23% |
What is the price of CCOI shares?
Over the past week, the price has changed by +14.05%, over one month by -56.90%, over three months by -49.66% and over the past year by -75.44%.
Is CCOI a buy, sell or hold?
- 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 | 64.1% |
| Analysts Target Price | 31.2 | 64.1% |
| ValueRay Target Price | 19.2 | 0.9% |
CCOI Fundamental Data Overview November 25, 2025
P/E Forward = 5000.0
P/S = 0.9243
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 = 3.26b USD (838.6m + Debt 2.65b - CCE 226.3m)
Interest Coverage Ratio = -0.62 (Ebit TTM -96.4m / Interest Expense TTM 156.0m)
FCF Yield = -5.73% (FCF TTM -186.7m / Enterprise Value 3.26b)
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 3.26b / 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 = 3.26% (E(838.6m)/V(3.49b) * Re(9.48%) + D(2.65b)/V(3.49b) * Rd(1.64%) * (1-Tc(0.21)))
Discount Rate = 9.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
Fair Price DCF = unknown (Cash Flow -186.7m)
EPS Correlation: -51.23 | EPS CAGR: -26.33% | SUE: 0.13 | # QB: 0
Revenue Correlation: 78.51 | Revenue CAGR: 11.68% | SUE: -4.0 | # QB: 0
Additional Sources for CCOI Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle