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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 $80.72, up 0.96% from the previous day, and has increased 24.68% in one year. It has overperformed other stocks in the Telecom Services industry by 0.39 percentage points. Cogent Communications Holdings stock is currently +40.75% from its 52-week low of $57.35, and -0.8% from its 52-week high of $81.38.

As of Feb 28, 2024, there are 48.62M shares of CCOI outstanding. The market value of CCOI is $3.92B. In the past 24 hours, 459,532 CCOI shares were traded.

How to Buy Cogent Communications Holdings Stock

Not sure how to invest in Cogent Communications Holdings stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

CCOI Price
$80.72
1w %
4.7%
1y %
24.68%
5y %
65.72%
P/E
3.55x
P/B
8.88x
P/S
4.65x
PEG
N/A
Revenue
$820.80M
Earnings
$1.07B
Fore. Rev. Growth
18.95%
Fore. Earn. Growth
-59.96%
Market Cap
$3.92B
Next Earnings
Feb 29, 2024
Next Dividend
N/A

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 3.55x, relative to Telecom Services industry P/E ratio of 115.11x
  • CCOI could be overvalued based on its P/B ratio of 8.88x, relative to Telecom Services industry P/B ratio of 1.63x

You can do more valuation analysis on CCOI's stock here.

CCOI Financial Health Summary

Positive Health Checks:

  • CCOI has $166.07M in cash and short term investments. This is enough to cover its annual cash burn of $3.25M.
  • Total CCOI debt is lower than 5 years ago, relative to shareholder equity.
  • CCOI has cash burn of 3248000. 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 3.8% to 130.9% 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 5.7.

Is it a good time to buy Cogent Communications Holdings stock, according to analysts?

Out of 2 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.

You can dig deeper into what analysts are saying on the Cogent Communications Holdings stock forecast page.

CCOI Momentum

SMA10
77.95
SMA20
76.75
SMA50
75.61
SMA100
70.65
SMA200
67.66
MACD
1.31
MACD Signal
0.92
MACD Histogram
0.39
RSI
66.75
Stochastic %K
93.6
Stochastic %D
94.48
StochRSI %K
99.47
StochRSI %D
98.39

CCOI Revenue

Last year, CCOI earnings were $1.07B. Over the last 5 year, CCOI's earnings have increased by 131.77% per year. This was faster than the Telecom Services industry average of 7.45%.

Last year, CCOI revenue was $820.80M. During the past five year, CCOI's revenue has increased by 9.84% per year. This was faster than the Telecom Services industry average of 3.34%.

Learn more about CCOI's earnings and revenue performance here.

What are CCOI executives and large shareholders up to?

In the past year, executives and large shareholders at CCOI have sold more shares than they have bought.

John B. Chang, VP CHIEF LEGAL OFFICER of CCOI, was the latest CCOI insider to sell. They sold $269,800.00 worth of CCOI stock on Dec 26, 2023.

Get more info about who owns CCOI stock here.

Can I get consistent income from CCOI stock?

Cogent Communications Holdings pays a dividend of 4.66%, compared to the Telecom Services industry's average dividend yield of 4.18%. If you owned $1,000 of CCOI stock, you would have been paid $46.58 in the past 12 months.

Cogent Communications Holdings dividend payments have consistently grown over the past decade but have not remained stable.

Get more data about Cogent Communications Holdings dividend yield and history here.

What others are saying about CCOI

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Step 5: Make your CCOI buy order

You have 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 generally fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.

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Step 6: Get the latest scoop on your CCOI position

Now that you own some CCOI shares, you'll want to stay up-to-date on your investment.

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 you need to take to buy Cogent Communications Holdings stock right now:

  1. Decide where to buy Cogent Communications Holdings stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Cogent Communications Holdings stock
  5. Make your CCOI buy order
  6. Get the latest scoop on your CCOI position

If you need a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your investment in Cogent Communications Holdings, create a watchlist today.

NASDAQ: CCOI
$80.72+0.77 (+0.96%)
Updated Feb 28, 2024
Open eToro Account
NASDAQ: CCOI
$80.72+0.77 (+0.96%)
Updated Feb 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cogent Communications Holdings share?

As of Feb 28, 2024, it costs $80.72 to buy one share of Cogent Communications Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.124 shares of CCOI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cogent Communications Holdings stock?

According to 2 Wall Street analysts who monitor Cogent Communications Holdings, their consensus recommendation is to buy Cogent Communications Holdings stock.

What is the best way to buy Cogent Communications Holdings stock?

One way to place an order for Cogent Communications Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.