Cogent Communications Holdings
Market Cap
US$2.9b
Last Updated
2019/11/11 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil.
Snowflake
Fundamentals
Solid track record with moderate growth potential.
Similar Companies
Share Price & News
How has Cogent Communications Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CCOI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
10.3%
CCOI
0.6%
US Telecom
0.3%
US Market
1 Year Return
31.1%
CCOI
12.6%
US Telecom
12.5%
US Market
Return vs Industry: CCOI exceeded the US Telecom industry which returned 12.6% over the past year.
Return vs Market: CCOI exceeded the US Market which returned 12.5% over the past year.
Shareholder returns
| CCOI | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.3% | 0.6% | 0.3% |
| 30 Day | 13.6% | 2.7% | 4.1% |
| 90 Day | 12.5% | 9.4% | 5.6% |
| 1 Year | 37.0%31.1% | 18.4%12.6% | 15.0%12.5% |
| 3 Year | 90.2%67.1% | 33.3%13.9% | 49.1%39.4% |
| 5 Year | 122.0%79.5% | 37.5%6.0% | 62.8%44.7% |
Price Volatility Vs. Market
How volatile is Cogent Communications Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Results: Cogent Communications Holdings, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts1 week ago | Simply Wall St
Calculating The Intrinsic Value Of Cogent Communications Holdings, Inc. (NASDAQ:CCOI)3 weeks ago | Simply Wall St
Is Cogent Communications Holdings, Inc. (NASDAQ:CCOI) A Good Dividend Stock?Valuation
Is Cogent Communications Holdings undervalued compared to its fair value and its price relative to the market?
78.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CCOI ($64.25) is trading above our estimate of fair value ($58.91)
Significantly Below Fair Value: CCOI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CCOI is poor value based on its PE Ratio (78.7x) compared to the Telecom industry average (16.5x).
PE vs Market: CCOI is poor value based on its PE Ratio (78.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: CCOI is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: CCOI has negative assets, so we can't compare its PB Ratio to the US Telecom industry average.
Next Steps
Future Growth
How is Cogent Communications Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCOI's forecast earnings growth (26.6% per year) is above the savings rate (2.7%).
Earnings vs Market: CCOI's earnings (26.6% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CCOI's revenue (6.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CCOI's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CCOI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cogent Communications Holdings performed over the past 5 years?
21.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCOI has high quality earnings.
Growing Profit Margin: CCOI's current net profit margins (7.1%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: CCOI's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: CCOI's earnings growth over the past year (142.2%) exceeds its 5-year average (21.9% per year).
Earnings vs Industry: CCOI earnings growth over the past year (142.2%) exceeded the Telecom industry -44.9%.
Return on Equity
High ROE: CCOI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cogent Communications Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: CCOI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CCOI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CCOI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CCOI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CCOI's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: CCOI's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Inventory Level: CCOI has a high level of physical assets or inventory.
Debt Coverage by Assets: CCOI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Next Steps
Dividend
What is Cogent Communications Holdings's current dividend yield, its reliability and sustainability?
3.98%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Cogent Communications Holdings before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CCOI's dividend (3.98%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: CCOI's dividend (3.98%) is in the top 25% of dividend payers in the US market (3.67%)
Stability and Growth of Payments
Stable Dividend: CCOI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CCOI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (289.2%), CCOI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CCOI's dividends in 3 years are not forecast to be well covered by earnings (219% payout ratio).
Next Steps
Management
What is the CEO of Cogent Communications Holdings's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average management tenure
CEO
Dave Schaeffer (63yo)
0yrs
Tenure
US$7,690,848
Compensation
Mr. David Schaeffer, also known as Dave, Ph.D., founded Cogent Communications Holdings, Inc., in August 1999 and serves as its Chairman, Chief Executive Officer and President. Mr. Schaeffer is a Founder of ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD7.69M) is above average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.1yrs
Average Tenure
63yo
Average Age
Experienced Management: CCOI's management team is considered experienced (4.1 years average tenure).
Board Age and Tenure
11.3yrs
Average Tenure
63yo
Average Age
Experienced Board: CCOI's board of directors are seasoned and experienced ( 11.3 years average tenure).
Insider Trading
Insider Buying: CCOI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 675 |
| Max Price | US$58.28 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 5,000 |
| Max Price | US$60.00 |
| Entity | Individual |
| Role | Other Key Executive Vice President of Field Engineering |
| Shares | 1,000 |
| Max Price | US$60.98 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$59.90 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 1,400 |
| Max Price | US$60.84 |
| Entity | Individual |
| Role | Chief Technology Officer CTO & VP of Optical Transport Engineering |
| Shares | 2,400 |
| Max Price | US$61.24 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 5,000 |
| Max Price | US$58.50 |
| Entity | Individual |
| Role | Other Key Executive Vice President of Field Engineering |
| Shares | 4,000 |
| Max Price | US$58.62 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 515 |
| Max Price | US$57.45 |
| Entity | Individual |
| Role | Chief Technology Officer CTO & VP of Optical Transport Engineering |
| Shares | 2,440 |
| Max Price | US$58.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$57.88 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 1,500 |
| Max Price | US$57.11 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 9,900 |
| Max Price | US$50.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$50.00 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 5,000 |
| Max Price | US$50.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 580 |
| Max Price | US$48.60 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Treasurer |
| Shares | 3,000 |
| Max Price | US$46.89 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 800 |
| Max Price | US$47.20 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Dave Schaeffer (63yo)
Founder
- Tenure: 0yrs
- Compensation: US$7.69m
Tad Weed (58yo)
CFO & Treasurer
- Tenure: 15.5yrs
- Compensation: US$1.41m
Robert Beury (65yo)
- Tenure: 0.5yrs
- Compensation: US$850.34k
Raymond Kummer (70yo)
CTO & VP of Optical Transport Engineering
- Tenure: 0yrs
- Compensation: US$190.00k
Tim O'Neill (63yo)
Vice President of Field Engineering
- Tenure: 0yrs
- Compensation: US$844.40k
Vincent Teissier (51yo)
Director of Business Development
- Tenure: 0yrs
Ried Zulager
Secretary
- Tenure: 0yrs
James Bubeck (53yo)
Chief Revenue Officer & VP of Global Sales
- Tenure: 4.1yrs
- Compensation: US$872.67k
John Chang
Chief Legal Officer
- Tenure: 0yrs
Board Members
Steven Brooks (67yo)
Independent Director
- Tenure: 16.1yrs
- Compensation: US$349.61k
Dave Schaeffer (63yo)
Founder
- Tenure: 0yrs
- Compensation: US$7.69m
Carolyn Katz (57yo)
Director
- Tenure: 0yrs
Marc Montagner (57yo)
Independent Director
- Tenure: 9.6yrs
- Compensation: US$348.61k
Lewis Ferguson (74yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$98.93k
Sheryl Kennedy (64yo)
Director
- Tenure: 0yrs
David Bath (56yo)
Independent Director
- Tenure: 13yrs
- Compensation: US$348.61k
Company Information
Cogent Communications Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cogent Communications Holdings, Inc.
- Ticker: CCOI
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Alternative Carriers
- Sector: Telecom
- Market Cap: US$2.920b
- Shares outstanding: 45.45m
- Website: https://www.cogentco.com
Number of Employees
Location
- Cogent Communications Holdings, Inc.
- 2450 North Street NW
- Washington
- District Of Columbia
- 20037
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CCOI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2002 |
| OGM1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2002 |
Biography
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesse ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 23:33 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.