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Cogent Communications/$CCOI

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About Cogent Communications

Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. 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.
Ticker
$CCOI
Sector
Communication
Primary listing
NASDAQ
Employees
1,833

CCOI Metrics

BasicAdvanced
$405M
-
-$0.94
0.75
$0.08
0.95%

What the Analysts think about CCOI

Analyst ratings (Buy, Hold, Sell) for Cogent Communications stock.
Analyst projections of the future price of Cogent Communications stock.

Bulls say / Bears say

The $225 million cash sale of 10 data centres gives Cogent a meaningful liquidity inflow and shows that its owned sites have monetisable value. The buyer’s plan to commit up to $1 billion to upgrades and acquisitions supports the quality of the assets. (Reuters, Financial Times)
The facilities’ dense fibre links, exchange proximity and 53 megawatts of capacity fit the shift from centralised AI training to lower-latency inference. That supports the strategic value of Cogent’s network and its connectivity around data-centre customers. (Reuters, Financial Times)
Data-intensive AI and cloud workloads are increasing demand for resilient, scalable fibre networks. That is a directly relevant tailwind for Cogent’s high-capacity internet transport business. (Reuters)
Bank of America is discussing extra collateral for a new Cogent money raise, potentially through a pari-plus structure. That points to refinancing pressure and raises the risk that new borrowing will be expensive or encumber assets needed by existing stakeholders. (Bloomberg)
Cogent has sold 10 data centres just as AI inference is attracting substantial infrastructure capital. The buyer, rather than Cogent, will fund the stated $1 billion expansion, so Cogent may give up part of the long-term upside from those assets. (Reuters, Financial Times)
Cogent’s shares had fallen nearly 16% in 2026 by late May, indicating that investors were already discounting material execution or financing concerns. A weak share price can also make any equity-linked funding more dilutive. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 29 Sept 2026.

CCOI Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CCOI Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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