Today, the CTO; VP Optical Transport of Cogent Comms (CCOI), Raymond Kummer, sold shares of CCOI for $142.5K.
Following Raymond Kummer’s last CCOI Sell transaction on September 14, 2017, the stock climbed by 14.5%. In addition to Raymond Kummer, 2 other CCOI executives reported Sell trades in the last month.
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Based on Cogent Comms’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $134 million and quarterly net profit of $9.22 million. In comparison, last year the company earned revenue of $129 million and had a net profit of $6.78 million. CCOI’s market cap is $2.69B and the company has a P/E ratio of 85.64. Currently, Cogent Comms has an average volume of 147.3K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $50.00, reflecting a -14.6% downside.
The insider sentiment on Cogent Comms has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services.
