Ultime notizie per Cogent Comms Hldgs (NASDAQ:CCOI) Azioni

Cogent Comms Hldgs

Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. 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 Communications Holdings, Inc. - Common Stock

Cogent Communications Holdings Inc

6 analysts have shared their evaluations of Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cogent Comms Hldgs and provided 12-month price targets. The average target is $80.67, accompanied by a high estimate of $102.00 and a low estimate of $65.00. This current average reflects an increase of 11.73% from the previous average price target of $72.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1731618095_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Cogent Comms Hldgs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Schoell</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$102.00</td>
<td>-</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Bora Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$74.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$65.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cogent Comms Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cogent Comms Hldgs compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Cogent Comms Hldgs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Cogent Comms Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCOI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cogent Comms Hldgs analyst ratings.</a>
<h2>Unveiling the Story Behind Cogent Comms Hldgs</h2>
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. 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.
<h3>Key Indicators: Cogent Comms Hldgs's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Cogent Comms Hldgs faced challenges, resulting in a decline of approximately -6.62% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Cogent Comms Hldgs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -24.54% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cogent Comms Hldgs's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -17.08%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Cogent Comms Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of -1.93%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 6.95.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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Analyst Ratings

CCOI

Key Takeaways From Cogent Comms Hldgs Analyst Ratings

UBS analyst Christopher Schoell initiates coverage on Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Buy rating and announces Price Target of $102.

News

Price Target

Initiation

UBS Initiates Coverage On Cogent Comms Hldgs with Buy Rating, Announces Price Target of $102

Dividends

Cogent Communications Raises Dividend From $0.985 To $0.995

Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) reported quarterly sales of $260.40 million which beat the analyst consensus estimate of $258.69 million by 0.66 percent. This is a 5.46 percent decrease over sales of $275.43 million the same period last year.

Earnings

Earnings Beats

Cogent Comms Hldgs Q3 Sales $260.40M Beat $258.69M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
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<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.30%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $52 to $55 on Oct. 1. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $47 to $49 on Sept. 25. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Verizon, last week, announced new round of grant funding for small businesses.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">latest VZ news</a>.</li>
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<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
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<li>Dividend Yield: 5.19%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $21 to $24 on Sept. 11. This analyst has an accuracy rate of 77%</li>
<li>Recent News: The company&#8217;s board of directors declared a quarterly dividend of $27.75 cents per share on common shares.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"> latest T news</a>.</li>
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<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 4.90%</li>
<li>B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform rating and cut the price target from $75 to $65 on Aug. 21. This analyst has an accuracy rate of 66%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">trend in CCOI stock.</a></li>
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Trading Ideas

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields

Goldman Sachs analyst James Schneider maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Neutral and raises the price target from $62 to $71.

Goldman Sachs Maintains Neutral on Cogent Comms Hldgs, Raises Price Target to $71

RBC Capital analyst Bora Lee reiterates Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Outperform and maintains $74 price target.

Reiteration

RBC Capital Reiterates Outperform on Cogent Comms Hldgs, Maintains $74 Price Target

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<li>Keybanc raised Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $80 to $90. Keybanc analyst Brandon Nispel maintained an Overweight rating. Cogent Communications shares fell 0.2% to close at $72.81 on Monday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
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Netflix To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Tuesday

Keybanc analyst Brandon Nispel maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Overweight and raises the price target from $80 to $90.

Keybanc Maintains Overweight on Cogent Comms Hldgs, Raises Price Target to $90

On Monday, Cogent Communications Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) received a <a href="https://www.benzinga.com/news/24/08/40439400/cogent-communications-to-rally-around-12-here-are-10-top-analyst-forecasts-for-monday">price target increase from Citigroup analyst Michael Rollins</a>.
While wavelengths remain a longer-term growth opportunity, the company has fallen behind schedule, according to BofA Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58beb7e5b85e930001906331/david-barden">Analyst David Barden</a> downgraded the rating for Cogent Communications from Neutral to Underperform, while cutting the price target from $75 to $65.
The Cogent Communications Thesis: The Sprint Wireline acquisition was completed more than a year ago, but the company "remains deeply immersed in the Sprint network integration," falling well behind schedule in monetizing the wavelength opportunity, Barden said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Wavelength sales of $3.3 million in the first quarter and of $3.6 million in the second quarter came below Street estimates and "well below management&#8217;s targets shared at the Sprint network acquisition closing," he added.
"Management originally believed it could achieve a $20mn wavelength sales run-rate by 4Q24 but withdrew this guidance as provisioning times for wavelength services remained elongated due to (surmountable) engineering complexities," the analyst wrote.
A positive inflection point for the business is likely to take place only in the back half of 2025, Barden stated.
CCOI Price Action: Shares of Cogent Communications were down 2.82% to $72.62 at the time of publication on Wednesday.
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Analyst Color

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Downgrades

Cogent Communications Faces Setback: Analyst Downgrades Stock Due To Delayed Growth

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
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<li>Jefferies raised the price target for BrightView Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) from $13 to $17. Jefferies analyst Stephanie Moore upgraded the stock from Hold to Buy. BrightView shares fell 2.9% to close at $14.54 on Tuesday. <a href="https://www.benzinga.com/quote/BV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut the price target for Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from $54 to $52. Wells Fargo analyst Gabe Hajde downgraded the stock from Equal-Weight to Underweight. Sonoco shares fell 0.5% to close at $50.57 on Tuesday. <a href="https://www.benzinga.com/quote/SON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) price target from $200 to $235. Citigroup analyst Christopher Danely upgraded the stock from Neutral to Buy. Texas Instruments shares gained 0.9% to close at $202.54 on Tuesday. <a href="https://www.benzinga.com/quote/TXN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) from $82 to $90. Baird analyst David Rescott maintained a Neutral rating. Medtronic shares gained 0.7% to close at $85.38 on Tuesday. <a href="https://www.benzinga.com/quote/MDT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) price target from $98 to $100. Morgan Stanley analyst Andrew Percoco maintained an Equal-Weight rating. Enphase Energy shares fell 2.3% to close at $116.98 on Tuesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities slashed Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $75 to $65. B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform. Cogent Communications shares fell 1.4% to close at $74.73 on Tuesday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho increased the price target for Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from $44 to $47. Mizuho analyst John Roberts upgraded the stock from Neutral to Outperform. Corning shares gained 0.3% to close at $40.73 on Tuesday. <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>CLSA cut Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) price target from $15.8 to $12. CLSA analyst Leo You downgraded the stock from Outperform to Hold. Vipshop shares dipped 17.6% to close at $11.56 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James boosted Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) price target from $70 to $81. Raymond James analyst RJ Milligan maintained a Strong Buy rating. Agree Realty shares fell 0.2% to close at $72.17 on Tuesday. <a href="https://www.benzinga.com/quote/ADC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Maxim Group slashed Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) price target from $10 to $6. Maxim Group analyst Anthony Vendetti maintained a Buy rating. Dermata Therapeutics shares fell 6.1% to close at $2.02 on Tuesday. <a href="https://www.benzinga.com/quote/DRMA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TXN stock? Here&#8217;s what analysts think: 
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Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday

B of A Securities analyst David Barden downgrades Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) from Neutral to Underperform and lowers the price target from $75 to $65.

B of A Securities Downgrades Cogent Comms Hldgs to Underperform, Lowers Price Target to $65

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payou</a>t. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings </a>page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>)</h3>
<ul>
<li>Dividend Yield: 4.21%</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and cut the price target from $35 to $34 on July 25. This analyst has an accuracy rate of 61%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne downgraded the stock from Equal-Weight to Underweight and slashed the price target from $34 to $28 on July 22. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On July 24, Interpublic posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest IPG news</a></li>
</ul>
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.53%</li>
<li>TD Cowen analyst Dan Brennan maintained a Buy rating and raised the price target from $48 to $51 on July 23. This analyst has an accuracy rate of 68%.</li>
<li>JP Morgan analyst Philip Cusick maintained a Neutral rating and cut the price target from $46 to $45 on July 23. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: Verizon inked a new Enterprise Infrastructure Solutions (EIS) deal with the National Labor Relations Board (NLRB), an independent federal agency that focuses on the rights of private sector employees.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://pro.benzinga.com/dashboard"> trend in VZ stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 5.20%</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.</li>
<li>B of A Securities analyst David Barden maintained a Neutral rating and increased the price target from $70 to $75 on Aug. 13. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in CCOI shares</a>.</li>
</ul>
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Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our a<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst ratings page.</a>
<ul>
<li>Bernstein cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $381 to $315. Bernstein analyst Peter Weed maintained an Outperform rating. CrowdStrike shares gained 0.8% to close at $262.54 on Friday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt increased the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $300 to $345. Rosenblatt analyst Catharine Trebnick maintained a Neutral rating. Palo Alto shares fell 2.7% to close at $334.11 on Friday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank boosted AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) price target from $27 to $30. Scotiabank analyst Tanya Jakusconek downgraded the stock from Sector Perform to Sector Underperform. AngloGold Ashanti shares rose 3.5% to close at $31.47 on Friday. <a href="https://www.benzinga.com/quote/AU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup cut the price target for Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) from $22 to $20. Citigroup analyst Jon Tower maintained a Neutral rating. Bloomin&#8217; Brands shares gained 0.1% to close at $17.27 on Friday. <a href="https://www.benzinga.com/quote/BLMN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $191 to $146. Barclays analyst Raimo Lenschow maintained an Equal-Weight rating. Snowflake shares gained 0.8% to close at $128.04 on Friday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) price target from $41 to $31. JP Morgan analyst Anne Samuel maintained an Overweight rating. Progyny shares gained 0.9% to close at $21.04 on Friday. <a href="https://www.benzinga.com/quote/PGNY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ascendiant Capital increased the price target for Genasys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) from $4.25 to $4.75. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Genasys shares rose 3% to close at $2.74 on Friday. <a href="https://www.benzinga.com/quote/GNSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Chardan Capital cut Metagenomi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGX#NASDAQ">MGX</a>) price target from $17 to $15. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Metagenomi shares fell 3.8% to close at $2.82 on Friday. <a href="https://www.benzinga.com/quote/MGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $70 to $82. Citigroup analyst Michael Rollins maintained a Buy rating. Cogent Communications shares fell 0.1% to close at $73.46 on Friday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) price target from $41 to $42. Barclays analyst Theresa Chen maintained an Equal-Weight rating. Williams shares gained 0.6% to close at $44.13 on Friday. <a href="https://www.benzinga.com/quote/WMB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CCOI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="531" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png" alt="" class="wp-image-501422" style="width:528px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-768x398.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152.png 1285w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Cogent Communications To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Monday

In the latest quarter, 7 analysts provided ratings for Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cogent Comms Hldgs and provided 12-month price targets. The average target is $72.43, accompanied by a high estimate of $82.00 and a low estimate of $56.00. This current average reflects an increase of 3.96% from the previous average price target of $69.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1724068845_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Cogent Comms Hldgs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Sebastiano Petti</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$76.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Bora Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$74.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$56.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cogent Comms Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cogent Comms Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cogent Comms Hldgs's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCOI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cogent Comms Hldgs analyst ratings.</a>
<h2>Discovering Cogent Comms Hldgs: A Closer Look</h2>
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. 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.
<h3>A Deep Dive into Cogent Comms Hldgs's Financials</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Cogent Comms Hldgs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.61% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Cogent Comms Hldgs's net margin is impressive, surpassing industry averages. With a net margin of -12.42%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -7.06%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Cogent Comms Hldgs's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.0%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Cogent Comms Hldgs's debt-to-equity ratio is below the industry average. With a ratio of 5.38, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Assess Cogent Comms Hldgs: What You Need To Know

Citigroup analyst Michael Rollins maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Buy and raises the price target from $70 to $82.

Citigroup Maintains Buy on Cogent Comms Hldgs, Raises Price Target to $82

B of A Securities analyst David Barden maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Neutral and raises the price target from $70 to $75.

B of A Securities Maintains Neutral on Cogent Comms Hldgs, Raises Price Target to $75

JP Morgan analyst Sebastiano Petti maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Neutral and raises the price target from $70 to $76.

JP Morgan Maintains Neutral on Cogent Comms Hldgs, Raises Price Target to $76

Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) reported a loss for the <a href="https://www.benzinga.com/quote/ccoi/earnings">second quarter on Thursday.</a>
The company posted a quarterly loss of 68 cents per share which beat the analyst consensus estimate for a loss of $1.25 per share. The company reported quarterly sales of $260.400 million which missed the analyst consensus estimate of $264.445 million.
Cogent Communications shares gained 2.7% to trade at $70.64 on Friday.
These analysts made changes to their price targets on Cogent Communications following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/topic/james-schneider">Goldman Sachs analyst James Schneider</a> maintained Cogent Comms with a Neutral and raised the price target from $56 to $62.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/590783e6290fa70001409b47/gregory-williams">TD Cowen analyst Gregory Williams </a>maintained the stock with a Buy and increased the price target from $78 to $82.</li>
</ul>
Considering buying CCOI stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09141556/image-69-1024x524.png" alt="" class="wp-image-487554" style="width:444px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09141556/image-69-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09141556/image-69-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09141556/image-69-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09141556/image-69.png 1292w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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These Analysts Raise Their Forecasts On Cogent Communications After Q2 Results

TD Cowen analyst Gregory Williams maintains Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) with a Buy and raises the price target from $78 to $82.

TD Cowen Maintains Buy on Cogent Comms Hldgs, Raises Price Target to $82

Cogent Communications raises quarterly dividend by 1% to  CAD 0.995/share

Cogent Communications Holdings, Inc. (CCOI) Q3 2024 Earnings Call Transcript

Cogent Communications Holdings, Inc. 2024 Q3 - Results - Earnings Call Presentation

Cogent Communications ( ($CCOI) ) has released its Q3 earnings. Here is a breakdown of the information Cogent Communications presented to its inves...

Cogent Communications Reports Q3 Results and Dividend Increase

In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Cogent Comms (CCOI – Research Report), with a price target of...

Cogent Comms (CCOI) Receives a Buy from Oppenheimer

Dividend Champion, Contender, And Challenger Highlights: Week Of November 10

UBS analyst Christopher Schoell initiated coverage of Cogent (CCOI) with a Buy rating and $102 price target. The company is on the cusp of realizin...

Cogent initiated with a Buy at UBS

Cogent Comms (CCOI) has received a new Buy rating, initiated by UBS analyst, Chris Schoell. Chris Schoell has given his Buy rating due to a combina...

Cogent Comms: Promising Growth and Strategic Acquisitions Justify Buy Rating

8 Upcoming Dividend Increases

Dividend Champion, Contender, And Challenger Highlights: Week Of November 17

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Cogent Communications to Host Second Quarter 2024 Earnings Call on August 8, 2024

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Cogent Communications Reports Second Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock

Cogent Communications CEO to Present at Three Upcoming Conferences

Cogent Communications CEO to Present at Two Upcoming Conferences

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