Cogent Communications (CCOI) Stock Forecast, Price Target & Predictions


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CCOI Stock Forecast


Cogent Communications stock forecast is as follows: an average price target of $74.00 (represents a -9.12% downside from CCOI’s last price of $81.43) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

CCOI Price Target


The average price target for Cogent Communications (CCOI) is $74.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $55.00. This represents a potential -9.12% downside from CCOI's last price of $81.43.

CCOI Analyst Ratings


Buy

According to 10 Wall Street analysts, Cogent Communications's rating consensus is 'Buy'. The analyst rating breakdown for CCOI stock is 0 'Strong Buy' (0.00%), 5 'Buy' (50.00%), 4 'Hold' (40.00%), 1 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).

Cogent Communications Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 03, 2024Bora LeeRBC Capital$74.00$69.766.08%-9.12%
Aug 27, 2024Brandon NispelKeyBanc$90.00$73.1922.97%10.52%
Aug 20, 2024David BardenCitigroup$75.00$76.08-1.42%-7.90%
Aug 19, 2024Michael RollinsCitigroup$82.00$73.4611.63%0.70%
Aug 09, 2024James SchneiderGoldman Sachs$62.00$71.49-13.27%-23.86%
Aug 09, 2024Greg WilliamsWilliams Trading$82.00$71.3514.93%0.70%
May 14, 2024Eric LuebchowWells Fargo$55.00$58.51-6.00%-32.46%
May 10, 2024Brandon NispelKeyBanc$80.00$61.7029.66%-1.76%
Aug 11, 2023Brandon NispelLoop Capital Markets$80.00$69.6414.88%-1.76%
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The latest Cogent Communications stock forecast, released on Sep 03, 2024 by Bora Lee from RBC Capital, set a price target of $74.00, which represents a 6.08% increase from the stock price at the time of the forecast ($69.76), and a -9.12% decrease from CCOI last price ($81.43).

Cogent Communications Price Target by Period


1M3M12M
# Anlaysts-68
Avg Price Target-$77.50$75.00
Last Closing Price$81.43$81.43$81.43
Upside/Downside-100.00%-4.83%-7.90%

In the current month, the average price target of Cogent Communications stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cogent Communications's last price of $81.43. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024RBC CapitalOutperformOutperformHold
Aug 27, 2024KeyBancOverweightOverweightHold
Aug 21, 2024Bank of America SecuritiesBuyUnderperformDowngrade
Aug 21, 2024CitigroupNeutralPositiveDowngrade
Aug 20, 2024CitigroupNeutralNeutralHold
Aug 19, 2024RBC CapitalUnderperformUnderperformHold
Aug 19, 2024Williams CapitalBuyBuyHold
Aug 19, 2024CitigroupBuyBuyHold
Aug 09, 2024Goldman SachsNeutralNeutralHold
Aug 09, 2024Cowen & Co.BuyBuyHold
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Cogent Communications's last stock rating was published by RBC Capital on Sep 03, 2024. The company gave CCOI a "Outperform" rating, the same as its previous rate.

Cogent Communications Financial Forecast


Cogent Communications Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue---------------$153.59M$151.98M$150.00M$148.45M$149.18M$147.21M$147.93M$147.88M$146.78M$143.90M$142.30M$140.99M$140.91M$140.29M$136.94M
Avg Forecast$316.44M$312.63M$307.47M$301.41M$282.96M$276.38M$267.37M$262.10M$259.97M$258.69M$264.32M$272.09M$271.11M$281.54M$263.04M$154.06M$151.00M$149.82M$150.90M$149.04M$149.05M$148.18M$146.91M$144.19M$143.78M$142.70M$143.38M$141.79M$138.51M$136.50M
High Forecast$316.44M$312.63M$307.47M$301.41M$282.96M$276.38M$267.37M$262.10M$259.97M$259.44M$264.32M$272.09M$273.30M$281.60M$263.04M$154.06M$151.00M$149.82M$150.90M$149.04M$149.05M$148.18M$146.91M$144.19M$143.78M$142.70M$143.38M$141.79M$138.51M$136.50M
Low Forecast$316.44M$312.63M$307.47M$301.41M$282.96M$276.38M$267.37M$262.10M$259.97M$257.67M$264.32M$272.09M$268.59M$281.48M$263.04M$154.06M$151.00M$149.82M$150.90M$149.04M$149.05M$148.18M$146.91M$144.19M$143.78M$142.70M$143.38M$141.79M$138.51M$136.50M
# Analysts334545223733633344443333999988
Surprise %---------------1.00%1.01%1.00%0.98%1.00%0.99%1.00%1.01%1.02%1.00%1.00%0.98%0.99%1.01%1.00%

Cogent Communications's average Quarter revenue forecast for Jun 23 based on 3 analysts is $263.04M, with a low forecast of $263.04M, and a high forecast of $263.04M. CCOI's average Quarter revenue forecast represents a 71.27% increase compared to the company's last Quarter revenue of $153.59M (Mar 23).

Cogent Communications EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223733633344443333999988
EBITDA-------------$106.30M$1.26B$53.37M$55.22M$53.67M$52.55M$51.42M$67.50M$61.98M$34.26M$63.26M$31.20M$30.82M$46.69M$47.56M$45.98M$54.15M
Avg Forecast$95.52M$94.37M$92.82M$90.99M$85.41M$83.43M$80.71M$79.12M$78.48M$78.09M$79.79M$89.63M$81.84M$84.99M$79.40M$95.86M$63.44M$45.23M$45.55M$102.52M$44.99M$44.73M$44.35M$34.51M$43.40M$43.07M$43.28M$51.89M$41.81M$41.21M
High Forecast$95.52M$94.37M$92.82M$90.99M$85.41M$83.43M$80.71M$79.12M$78.48M$78.32M$79.79M$107.55M$82.50M$85.01M$79.40M$115.03M$76.12M$45.23M$45.55M$123.03M$44.99M$44.73M$44.35M$41.41M$43.40M$43.07M$43.28M$62.26M$41.81M$41.21M
Low Forecast$95.52M$94.37M$92.82M$90.99M$85.41M$83.43M$80.71M$79.12M$78.48M$77.78M$79.79M$71.70M$81.08M$84.97M$79.40M$76.69M$50.75M$45.23M$45.55M$82.02M$44.99M$44.73M$44.35M$27.61M$43.40M$43.07M$43.28M$41.51M$41.81M$41.21M
Surprise %-------------1.25%15.83%0.56%0.87%1.19%1.15%0.50%1.50%1.39%0.77%1.83%0.72%0.72%1.08%0.92%1.10%1.31%

6 analysts predict CCOI's average Quarter EBITDA for Dec 23 to be $81.84M, with a high of $82.50M and a low of $81.08M. This is -23.01% lower than Cogent Communications's previous annual EBITDA (Sep 23) of $106.30M.

Cogent Communications Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223733633344443333999988
Net Income-------------$-56.72M$1.12B$6.15M$851.00K$-8.01M$11.16M$1.14M$18.51M$13.32M$-2.49M$18.85M$-6.62M$-4.96M$8.56M$9.23M$7.47M$13.70M
Avg Forecast$-33.97M$-37.99M$-35.80M$-36.92M$-33.07M$-38.96M$-47.24M$-52.40M$-54.06M$-56.67M$-60.12M$1.70M$-48.12M$-47.57M$-1.72M$1.82M$17.39M$10.29M$10.55M$1.95M$10.10M$11.55M$10.05M$10.28M$10.19M$10.30M$11.11M$10.07M$10.28M$8.48M
High Forecast$-33.97M$-37.99M$-35.80M$-36.92M$-33.07M$-38.96M$-47.24M$-52.40M$-54.06M$-49.06M$-60.12M$2.04M$-28.87M$-47.57M$-1.72M$2.19M$20.87M$10.29M$10.55M$2.34M$10.10M$11.55M$10.05M$12.34M$10.19M$10.30M$11.11M$12.08M$10.28M$8.48M
Low Forecast$-33.97M$-37.99M$-35.80M$-36.92M$-33.07M$-38.96M$-47.24M$-52.40M$-54.06M$-62.17M$-60.12M$1.36M$-57.74M$-47.57M$-1.72M$1.46M$13.92M$10.29M$10.55M$1.56M$10.10M$11.55M$10.05M$8.23M$10.19M$10.30M$11.11M$8.05M$10.28M$8.48M
Surprise %-------------1.19%-653.01%3.37%0.05%-0.78%1.06%0.58%1.83%1.15%-0.25%1.83%-0.65%-0.48%0.77%0.92%0.73%1.62%

Cogent Communications's average Quarter net income forecast for Sep 23 is $-47.57M, with a range of $-47.57M to $-47.57M. CCOI's average Quarter net income forecast represents a -104.23% decrease compared to the company's last Quarter net income of $1.12B (Jun 23).

Cogent Communications SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223733633344443333999988
SG&A-------------$65.31M$83.66M$45.08M$43.89M$39.11M$39.39M$40.63M$39.43M$40.12M$41.39M$41.44M$39.24M$39.72M$39.84M$59.18M$56.52M$55.98M
Avg Forecast$87.83M$86.77M$85.34M$83.66M$78.53M$76.71M$74.21M$72.75M$72.15M$71.80M$73.36M$60.89M$75.25M$78.14M$73.01M$65.12M$37.06M$41.58M$41.88M$69.65M$41.37M$41.13M$40.77M$22.60M$39.91M$39.61M$39.79M$64.56M$38.44M$37.89M
High Forecast$87.83M$86.77M$85.34M$83.66M$78.53M$76.71M$74.21M$72.75M$72.15M$72.01M$73.36M$73.06M$75.85M$78.16M$73.01M$78.14M$44.47M$41.58M$41.88M$83.58M$41.37M$41.13M$40.77M$27.13M$39.91M$39.61M$39.79M$77.48M$38.44M$37.89M
Low Forecast$87.83M$86.77M$85.34M$83.66M$78.53M$76.71M$74.21M$72.75M$72.15M$71.52M$73.36M$48.71M$74.55M$78.12M$73.01M$52.10M$29.65M$41.58M$41.88M$55.72M$41.37M$41.13M$40.77M$18.08M$39.91M$39.61M$39.79M$51.65M$38.44M$37.89M
Surprise %-------------0.84%1.15%0.69%1.18%0.94%0.94%0.58%0.95%0.98%1.02%1.83%0.98%1.00%1.00%0.92%1.47%1.48%

Cogent Communications's average Quarter SG&A projection for Dec 23 is $75.25M, based on 6 Wall Street analysts, with a range of $74.55M to $75.85M. The forecast indicates a 15.22% rise compared to CCOI last annual SG&A of $65.31M (Sep 23).

Cogent Communications EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545223733633344443333999988
EPS-------------$-0.00$23.84$0.13$0.02$-0.17$0.24$0.02$0.40$0.29$-0.05$0.41$-0.14$-0.11$0.19$0.20$0.16$0.30
Avg Forecast$-0.71$-0.80$-0.75$-0.78$-0.70$-0.82$-0.99$-1.10$-1.14$-1.19$-1.27$-1.17$-1.01$-1.00$-0.04$0.13$0.18$0.22$0.22$0.21$0.21$0.24$0.21$0.18$0.21$0.22$0.23$0.22$0.22$0.18
High Forecast$-0.71$-0.80$-0.75$-0.78$-0.70$-0.82$-0.99$-1.10$-1.14$-1.03$-1.27$-1.17$-0.61$-1.00$-0.04$0.13$0.18$0.22$0.22$0.21$0.21$0.24$0.21$0.18$0.21$0.22$0.23$0.22$0.22$0.18
Low Forecast$-0.71$-0.80$-0.75$-0.78$-0.70$-0.82$-0.99$-1.10$-1.14$-1.31$-1.27$-1.17$-1.22$-1.00$-0.04$0.13$0.18$0.22$0.22$0.21$0.21$0.24$0.21$0.18$0.21$0.22$0.23$0.22$0.22$0.18
Surprise %-------------0.00%-658.13%0.96%0.11%-0.79%1.08%0.10%1.88%1.19%-0.24%2.29%-0.65%-0.51%0.81%0.92%0.74%1.68%

According to 3 Wall Street analysts, Cogent Communications's projected average Quarter EPS for Sep 23 is $-1.00, with a low estimate of $-1.00 and a high estimate of $-1.00. This represents a -104.20% decrease compared to CCOI previous annual EPS of $23.84 (Jun 23).

Cogent Communications Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IHSIHS$2.93$12.40323.21%Buy
CABOCable One$364.04$1.02K180.65%Buy
ATNIATN$19.92$40.00100.80%Strong Buy
OOMAOoma$12.32$24.0094.81%Buy
SHENShenandoah Telecommunications Company$14.25$25.0075.44%Hold
LBRDALiberty Broadband$91.15$158.0073.34%Buy
LBTYALiberty Global$20.35$28.4639.85%Buy
CHTRCharter Communications$375.83$520.0838.38%Hold
TIMBTIM$14.36$18.1526.39%Buy
CCOICogent Communications$81.43$74.00-9.12%Buy

CCOI Forecast FAQ


Yes, according to 10 Wall Street analysts, Cogent Communications (CCOI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 50.00% of CCOI's total ratings.

Cogent Communications (CCOI) average price target is $74 with a range of $55 to $90, implying a -9.12% from its last price of $81.43. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CCOI stock, the company can go down by -9.12% (from the last price of $81.43 to the average price target of $74), up by 10.52% based on the highest stock price target, and down by -32.46% based on the lowest stock price target.

CCOI's average twelve months analyst stock price target of $74 does not support the claim that Cogent Communications can reach $120 in the near future.

Cogent Communications's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.09B (high $1.09B, low $1.09B), average EBITDA is $328.67M (high $328.67M, low $328.67M), average net income is $-172M (high $-172M, low $-172M), average SG&A $302.2M (high $302.2M, low $302.2M), and average EPS is $-3.613 (high $-3.613, low $-3.613). CCOI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.24B (high $1.24B, low $1.24B), average EBITDA is $373.7M (high $373.7M, low $373.7M), average net income is $-145M (high $-145M, low $-145M), average SG&A $343.59M (high $343.59M, low $343.59M), and average EPS is $-3.045 (high $-3.045, low $-3.045).

Based on Cogent Communications's last annual report (Dec 2022), the company's revenue was $599.6M, which missed the average analysts forecast of $600.77M by -0.19%. Apple's EBITDA was $211.87M, missing the average prediction of $256.74M by -17.48%. The company's net income was $5.15M, missing the average estimation of $40.19M by -87.19%. Apple's SG&A was $163.02M, missing the average forecast of $190.17M by -14.28%. Lastly, the company's EPS was $0.11, missing the average prediction of $0.827 by -86.71%. In terms of the last quarterly report (Mar 2023), Cogent Communications's revenue was $153.59M, missing the average analysts' forecast of $154.06M by -0.31%. The company's EBITDA was $53.37M, missing the average prediction of $95.86M by -44.32%. Cogent Communications's net income was $6.15M, beating the average estimation of $1.82M by 237.35%. The company's SG&A was $45.08M, missing the average forecast of $65.12M by -30.78%. Lastly, the company's EPS was $0.13, missing the average prediction of $0.135 by -3.51%