Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Cogent Communications Holdings, Inc.

CCOINASDAQ
Wall Street Score · overall investment22/100
$7.64USD+$0.17 (+2.28%)
Company website www.cogentco.com
Headquarters2450 North Street NW, Washington, DC, 20037, US
Financial statement currencyUSD · no FX conversion applied
Communication Services · Telecommunications Services
Price updated todayFinancials updated Oct 1, 2026

CCOI · Price history

Price at last available close

$7.64

+$0.21 (+2.83%) 1M

2026-10-28

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Company & revenue

About Cogent Communications Holdings, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Cogent Communications Holdings, Inc., founded in 1999 and based in Washington, D. C. , functions as a multinational provider of high-speed internet connectivity, private networking solutions, and data center co-location services.

How they make money

Cogent Communications generates revenue primarily by providing high-speed internet access, private network services, and data center colocation services to net-centric and corporate customers. The company operates a global fiber-optic network and utilizes a low-cost, high-volume business model to sell bandwidth and connectivity services on a recurring subscription basis.

Products & services

Internet access, private network services (VPN), colocation services in data centers, and optical wavelength services.

Brands & revenue mix

Cogent Communications

Primary brand for all internet and data transport services.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

On-netUSD 531.51M54.5%

Period ended 2025-12-31Source

Off-netUSD 397.47M40.7%

Period ended 2025-12-31Source

Wavelength ServicesUSD 38.45M3.9%

Period ended 2025-12-31Source

Non-coreUSD 8.33M0.8%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

North AmericaUSD 819.52M84.0%

Period ended 2025-12-31Source

EuropeUSD 122.01M12.5%

Period ended 2025-12-31Source

OceaniaUSD 24.84M2.5%

Period ended 2025-12-31Source

South AmericaUSD 8.81M0.9%

Period ended 2025-12-31Source

AfricaUSD 588,0000.1%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

Customer concentration

The company's customer base is highly diversified, and no single customer accounted for more than 10% of total revenue for the year ended December 31, 2025.

Suppliers, materials & equipment

  • Fiber and network equipment providers — The company relies on various unnamed third-party vendors for network infrastructure, fiber capacity, and hardware components.Source

Competitors

  • Incumbent telecommunications carriers — Large regional and national carriers that provide competing internet and data transport services.Source
  • Cable companies — Providers offering high-speed broadband services to corporate and residential markets.Source

Strengths

  • Extensive global fiber-optic network infrastructureSource
  • Low-cost operating modelSource

Risks

  • Intense competition in the telecommunications industrySource
  • Dependence on network infrastructure and third-party providersSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

22

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

30

Poor

Financial Strength

8

Business Quality / Moat

38

Management

33

Growth Quality

62

Risk / Durability

20

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

28

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

40/100

Building Historical Record

Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Recent buyback activity is present
What to watch
  • •Severe debt stress
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for CCOI

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can CCOI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can CCOI fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Is CCOI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What specifically needs to improve for CCOI to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify CCOI's current valuation?
Severe debt stress
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

22

0–100 · Poor

Opportunity Score

28

0–100 · Poor

Market Cap

$391.3M

P/E Ratio

-4.4

EPS

$-1.78

52-Week High

$45.69

52-Week Low

$7.13

Beta

0.75

Analyst Target

$12.00

Shares Outstanding

47.9M

Total Revenue

$1.18B

Total Debt

$2.64B

Dividend Yield (TTM)

1.05%

View dividend history

Liquidation Value / Share

$-0.71

Estimated net asset value per share

Dividend / Share (TTM)

$0.08

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
27/ 100
+10 pts / 5d

Strong downward momentum

5D +2.7% · 20D -1.9% · RSI 28 · Price vs 20D avg -6.9%
Volatility
72/ 100
-5 pts / 5d

High movement

20D realized vol 82.0% · 60D 87.3% · Acceleration 0.94x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CCOI

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Severe debt stress

Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CCOI.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Extensive global fiber-optic network infrastructure.
  • +Low-cost operating model.

Potential downside factors

  • −Debt risk (severe): Negative shareholder equity.
  • −Total debt is at least one year of revenue.
  • −Interest coverage is below 2x.
  • −Free cash flow is negative.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak22/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

22

Tap for breakdown →

Poor

9

Debt Cost5.5%
Debt Reduction YoY-25.4%
Debt / Equity-45.91x

Tap for breakdown →

Poor

38

Revenue YoY20.6%
Revenue CAGR1.8%
Net Margin-7.2%

Tap for breakdown →

Fair

50

Asset Growth YoY-2.3%
Liquidation/Share-$0.71
Net Assets/MCap1.20x

Tap for breakdown →

Poor

11

Earnings Yield-21.7%
Buyback Yield1.6%
Debt Cost5.5%

Tap for breakdown →

Poor

33

ROIC-4.3%
ROE248.4%
ROA-2.7%

Tap for breakdown →

Poor

38

EPS Growth—
FCF/Share Growth—
Rev/Share Growth7.7%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

Poor

28

Revenue38
Moat38
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

24

Interest Coverage-0.6x
ROIC-4.3%
FCF Yield-50.8%

Tap for breakdown →

Poor

24

Financial24
Valuation0
Debt9

Tap for breakdown →

Poor

30

Survival Years1.0 yrs
Current Ratio2.04x
FCF Margin-20.3%

Tap for breakdown →

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Score Changes

5 historical score records available

Previous Score

25

Sep 14, 2026

Change

-2.7

points

Current Score

22

Oct 1, 2026

Category Changes

Revenue0
Debt0
Assets+3.2
Capital+2.0
Management0
Moat-36.3
Valuation0
Buffett-5.0

CCOI decreased 2.7 points because Moat declined by 36.3 points, Buffett declined by 5 points.

Positive Contributors

  • + Asset improved by 3.2 points
  • + Capital improved by 2 points

Negative Contributors

  • − Moat declined by 36.3 points
  • − Buffett declined by 5 points

Projected Score

Projected Score

20

Projected Change

-1.6 points

Preliminary comparable-period financial changes suggest decline of approximately 1.6 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$7.64

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$300M$600M$900M$1.2B

Additional Metrics

Operating Cash Flow

201520172019202120232025-$60M$0$60M$120M$180M

Total Debt

201520172019202120232025$0$750M$1.5B$2.3B$3.0B

Total Assets

201520172019202120232025$0$850M$1.7B$2.5B$3.4B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$1.18B$975.8M$1.04B$940.9M····························
Cost of Revenue$682.7M$805.1M$641.8M$544.2M····························
Gross Profit$494.5M$170.6M$394.3M$396.7M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$282.0M$76.6M$275.8M$275.3M····························
Operating Expenses$432.2M$274.4M$591.9M$526.0M····························
EBITDA$380.2M$186.6M$161.7M$1.56B····························
Operating Income$62.3M-$103.8M-$197.6M-$129.3M····························
Interest Expense$219.3M$161.4M$123.3M$106.8M····························
Income Before Tax-$119.0M-$245.0M-$259.6M$1.22B····························
Income Tax Expense-$34.2M-$62.8M-$55.6M-$54.0M····························
Net Income-$84.8M-$182.2M-$204.1M$1.27B····························
Basic EPS$-1.78$-3.80$-4.28$26.88····························
Basic Shares47.97M47.93M47.54M47.37M····························
Diluted Shares48.33M47.93M47.63M47.84M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 5, 2026
Estimated EPS: -$0.88Estimated revenue: $235.2M
Jun 30, 2026Q2FY2026

Revenue

$474.7M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.56

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-1.1%

Cash Change

-14.0%

Margin Change

+29.2 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Debt reduced

What Weakened

  • Cash position declined

Potential Score Impact

Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 92.8%. EPS declined 146.3%. Cash declined 14.0%. Total debt declined 1.1%. Net income margin improved by 29.2 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

5 historical records
Jul 23, 26Aug 12, 26Sep 2, 26Sep 14, 26Oct 1, 260255075100

Historical Score Chart

3 of 5 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 2 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Debt Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Revenue Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Asset Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Capital Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Management Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Moat Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Valuation Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Buffett Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · CCOI

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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