Cogent Communications CCOI
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Cogent Communications (CCOI) Business Model and Operations Summary
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.
Key Insights
Cogent Communications (CCOI) Core Market Data and Business Metrics
Latest Closing Price
$61.65Market Cap
$3.02 BillionPrice-Earnings Ratio
89.35Total Outstanding Shares
49.02 Million SharesTotal Employees
1,908Dividend
$1.00 Per Share QuarterlyIPO Date
February 1, 2002SIC Description
Communications Services, NecPrimary Exchange
NASDAQHeadquarters
2450 N Street, Nw, Washington, DC, 20037
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 436,429 Shares | 8.72 | 3/14/2025 | 3,804,087 Shares |
| 414,541 Shares | 8.86 | 2/28/2025 | 3,674,860 Shares |
| 275,374 Shares | 13.58 | 2/14/2025 | 3,739,926 Shares |
| 293,920 Shares | 11.73 | 1/31/2025 | 3,447,395 Shares |
| 417,745 Shares | 8.99 | 1/15/2025 | 3,757,121 Shares |
| 480,875 Shares | 7.53 | 12/31/2024 | 3,620,559 Shares |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $102.72 Million |
| Exchange Gains/Losses | $2.85 Million |
| Net Cash Flow From Operating Activities | $-71.88 Million |
| Net Cash Flow, Continuing | $147.17 Million |
| Net Cash Flow From Financing Activities | $116.33 Million |
| Net Cash Flow | $150.02 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Income Tax Expense/Benefit, Deferred | $-72.97 Million |
| Operating Income/Loss | $-232.85 Million |
| Gross Profit | $394.76 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Basic Earnings Per Share | $0.77 |
| Other Operating Expenses | $268.00 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $46.86 Million |
| Other Comprehensive Income/Loss | $7.47 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss Attributable To Parent | $46.86 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Liabilities And Equity | $3.20 Billion |
| Fixed Assets | $1.62 Billion |
| Equity Attributable To Parent | $323.55 Million |
| Accounts Payable | $53.05 Million |
| Noncurrent Liabilities | $2.60 Billion |
| Noncurrent Assets | $2.63 Billion |
Historical Dividends
Current dividend: $1.00 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 26, 2025 | Mar 28, 2025 | Mar 13, 2025 | $1.005 | Quarterly |
| Nov 7, 2024 | Dec 6, 2024 | Nov 22, 2024 | $0.995 | Quarterly |
| Aug 7, 2024 | Sep 6, 2024 | Aug 22, 2024 | $0.985 | Quarterly |
| May 8, 2024 | Jun 7, 2024 | May 23, 2024 | $0.975 | Quarterly |
| Feb 28, 2024 | Apr 9, 2024 | Mar 15, 2024 | $0.965 | Quarterly |
| Nov 1, 2023 | Dec 8, 2023 | Nov 24, 2023 | $0.955 | Quarterly |