Home Sectors Communication Services Long or Short: Cogent Communications (NASDAQ: CCOI)

Long or Short: Cogent Communications (NASDAQ: CCOI)

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Cogent Communications is in the communication services sector and is part of the communication services industry. The company CEO is David Schaeffer. Cogent Communications Inc is an enterprise Internet service provider offering Internet access and data transport using Internet Protocol. It mainly serves the small and medium sized businesses around the world.

Previous Intraday Trading Performance:

The CCOI stock showed a previous change of -2.15% with an open at 51.57 and a close of 50.48. It reached an intraday high of 52.43 and a low of 50.41.

PR Newswire:  Cogent Communications to Host Third Quarter Earnings Call on November 1, 2018

Liquidity:

The stock has a market cap of $2.3b with 46.5m shares outstanding, of which the float is 41.3m shares. Trading volume reached 368,891 shares compared to its average volume of 264,168 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Cogent Communications shares returned -8.96% and in the past 30 trading days it returned -7.38%. Over three months, it changed -7.09%. In one year it has changed 5.58% and within that year its 52-week high was 57.65 and its 52-week low was 35.75. CCOI stock is 41.20% above its 52 Week Low.

Our calculations show a 200 day moving average of 48.43 and a 50 day moving average of 53.58. Currently CCOI stock is trading 4.23% above its 200 day moving average and may be a good opportunity to buy.

PR Newswire:  Cogent Communications to Host Third Quarter Earnings Call on November 1, 2018

Earnings:

The last annual fiscal EPS for the company was reported at 0.13 that ended on 31st of December 2017, which according to the previous close, that is a PE of 388.31. Based on 8 analyst estimates, the consensus EPS for the next quarter is 0.17. The TTM EPS is 0.48, which comes to a TTM PE of 105.17.

The following are the last four quarter reported earnings per share:
06-30-2018:  0.14
03-31-2018:  0.15
12-31-2017:  0.11
09-30-2017:  0.08

The dividend per share is currently 2.16, which is a dividend yield of 4.27%. CCOI stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 41.29, which means it may be overvalued by -22.25%

Indicators to Watch:

Based on the latest filings, there is 93.30% of institutional ownership. Short-interest is 2,405,878, which is 5.18% of shares outstanding. The short-interest ratio or days-to-cover ratio is 10.64. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.65

Business Wire:  CIRCOR Announces CFO Transition

Fundamental Indicators:

Based on last reported financials, the company's return on assets is 1.48%, profit margin is 1.88%, price-to-sales is 6.25 and price-to-book is 20.33.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 1  :Past Performance Score
 1  :Financial Strength Score
 3  :Future Growth Score
 2  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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