How to Buy Cogent Communications Holdings Stock
Cogent Communications Holdings Inc
Cogent Communications Holdings, Inc. , through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa.
Cogent Communications Holdings stock last closed at $63.13, up 1.9% from the previous day, and has decreased 9.4% in one year. It has overperformed other stocks in the Telecom Services industry by 0.12 percentage points. Cogent Communications Holdings stock is currently +10.08% from its 52-week low of $57.35, and -26.59% from its 52-week high of $86.00.
As of Apr 18, 2024, there are 47.43M shares of CCOI outstanding. The market value of CCOI is $2.99B. In the past 24 hours, 411,915 CCOI shares were traded.
How to Buy Cogent Communications Holdings Stock
Not sure how to invest in Cogent Communications Holdings stock? Here's how.
- Decide where to buy Cogent Communications Holdings stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Cogent Communications Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Evaluate Cogent Communications Holdings stock: The Cogent Communications Holdings ticker symbol is CCOI. Is Cogent Communications Holdings stock a good investment? Should you buy shares of CCOI? How do CCOI's underlying business fundamentals look? Do top analysts think Cogent Communications Holdings is a good buy? Why has CCOI's stock price moved recently? (Hint: Our stock market research website can help you decide if CCOI is a good stock to buy).
- Make your CCOI buy order: Decide if you will purchase CCOI shares at the current market price or use a limit order to buy CCOI stock at a given price.
- Get the latest scoop on your CCOI position: Create a watchlist to get the latest news on your position in Cogent Communications Holdings shares.
Step 1: Decide where to buy Cogent Communications Holdings stock
You need an online brokerage account in order to access the NASDAQ market and buy CCOI stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you can invest in CCOI today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you've finished signing up on the stock trading app, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing funds into your brokerage account.
Step 4: Evaluate Cogent Communications Holdings stock
Once you have figured out the best place to buy Cogent Communications Holdings stock, it's crucial to research their stock prior to investing, so you actually comprehend the risk and opportunity.
Cogent Communications Holdings shares at a glance
Cogent Communications Holdings Zen Score
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on CCOI's stock page.
Is CCOI stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge CCOI's intrinsic value.
Using relative valuations ratios:
- CCOI could be undervalued based on its P/E ratio of 2.35x, relative to Telecom Services industry P/E ratio of 105.84x
- CCOI could be overvalued based on its P/B ratio of 4.91x, relative to Telecom Services industry P/B ratio of 1.55x
You can do more valuation analysis on CCOI's stock here.
CCOI Financial Health Summary
Positive Health Checks:
- CCOI has $113.78M in cash and short term investments. This is enough to cover its annual cash burn of $112.29M.
- Total CCOI debt is lower than 5 years ago, relative to shareholder equity.
- CCOI has cash burn of 112287000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CCOI balance sheet.
- CCOI profit margin has gone up from 0.9% to 135.3% in the past year.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the CCOI balance sheet.
- CCOI has a relatively high debt to equity ratio of 4.27.
Is it a good time to buy Cogent Communications Holdings stock, according to analysts?
Out of 6 Wall Street analysts who give ratings on CCOI, the consensus analyst rating on CCOI is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest CCOI Analyst Recommendations
Brett Feldman, a bottom 7% analyst from Goldman Sachs maintains CCOI with a hold rating and raises their CCOI price target from $60.00 to $67.00, on Nov 10, 2023.
You can dive deeper into what analysts are forecasting on the Cogent Communications Holdings stock forecast page.
Metrics for Advanced CCOI Traders
CCOI Performance Numbers
Last year, CCOI earnings were $1.27B. In the last five year, CCOI's earnings have grown by 111.84% per year. This was faster than the Telecom Services industry average of 7.85%.
Last year, CCOI revenue was $940.92M. Over the last 5 year, CCOI's revenue has increased by 12.58% per year. This was faster than the Telecom Services industry average of 3.38%.
You can analyze CCOI's earnings and revenue performance here.
Are CCOI insiders buying or selling the stock?
Over the last 12 months, insiders at CCOI have sold more shares than they have bought.
Dave Schaeffer, CHAIRMAN CEO AND PRESIDENT of CCOI, was the latest CCOI insider to sell. They sold $1,680,632.54 worth of CCOI shares on Mar 15, 2024.
Learn more about who owns CCOI shares here.
Does CCOI stock generate passive income?
Cogent Communications Holdings pays a dividend of 6.02%, compared to the Telecom Services industry's average dividend yield of 4.56%. If you owned $1,000 worth of CCOI stock, you would have received $60.19 in the past year.
Cogent Communications Holdings dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Cogent Communications Holdings dividend yield and history here.
Get analysis from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your CCOI buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Press the Open button and eToro will execute your order.
If you want more help investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your CCOI position
Now that you own some CCOI stock, you'll want to keep up with your new stock purchase.
Make a watchlist to monitor your CCOI stock.
CCOI Feed
How to Buy Stock in Cogent Communications Holdings
To reiterate, here are the 6 steps to buy Cogent Communications Holdings stock:
- Decide where to buy Cogent Communications Holdings stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Cogent Communications Holdings stock
- Make your CCOI buy order
- Get the latest scoop on your CCOI position
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Cogent Communications Holdings, click the button below.
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