
CCOI Stock Forecast & Price Target
CCOI Analyst Ratings
Bulls say
Cogent Communications Holdings demonstrated a positive financial trajectory, highlighted by a 2.1% quarter-over-quarter increase in on-net ARPU to $536, primarily driven by a favorable shift towards larger capacity connections. Despite a slight decline in net-centric revenues of 1.0% quarter-over-quarter, the company successfully added 678 net connections when excluding specific disconnects, underscoring continued growth in its customer base. Additionally, enterprise revenue rose by 0.9% to $49.8 million, while overall traffic growth reflected a robust increase of 17.4% year-over-year, further indicating the firm's solid market position and future potential.
Bears say
Cogent Communications Holdings experienced a slight decline in EBITDA, decreasing from 3.17x to 3.14x in the first quarter of 2024, reflecting challenges in revenue generation. Specifically, corporate revenues fell by 4.3% quarter-over-quarter, driven by a more substantial decline in off-net revenue, which overshadowed a modest increase in on-net revenue. Additionally, the company faces multiple risks including macroeconomic weaknesses, potential price declines, and increased competition, particularly within its net-centric business, which could hinder both competitive pricing and profitability.
This aggregate rating is based on analysts' research of Cogent Communications Holdings and is not a guaranteed prediction by Public.com or investment advice.
CCOI Analyst Forecast & Price Prediction
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