Cogent Communications Intrinsic Stock Value – Director Blake Bath Sells 8,621 Shares of Cogent Communications Holdings
December 17, 2023
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The company specializes in providing data center and managed services, as well as internet access and transport, cloud storage, and virtual private networks. Cogent Communications ($NASDAQ:CCOI) has recently seen an increase in its share price, as its internet services have become increasingly sought after by customers. The news of the sale has caused some investors to worry that Blake Bath is cashing out at the peak of the stock’s performance, though it remains to be seen whether this action will have any lasting impact on the company’s future profits.
Market Price
This comes as COGENT COMMUNICATIONS‘ stock opened at $65.2 and eventually closed at $67.1, up by 2.2% from its previous closing price of 65.6. The transaction was disclosed in a filing with the Securities & Exchange Commission. The stock is currently traded on the NASDAQ Global Select Market under the symbol CCOI. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cogent Communications. More…
| Total Revenues | Net Income | Net Margin |
| 820.8 | 1.07k | 20.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cogent Communications. More…
| Operations | Investing | Financing |
| 102.37 | -2.98 | -261.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cogent Communications. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.96k | 2.52k | 9.09 |
Key Ratios Snapshot
Some of the financial key ratios for Cogent Communications are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 5.4% | 139.5% |
| FCF Margin | ROE | ROA |
| -0.4% | 145.9% | 24.2% |
Analysis – Cogent Communications Intrinsic Stock Value
At GoodWhale, we have analyzed the fundamentals of COGENT COMMUNICATIONS and have determined the intrinsic value of their stock. Our proprietary Valuation Line places the value of a share of COGENT COMMUNICATIONS at around $84.8. However, the current trading price for the stock is at $67.1. This means that COGENT COMMUNICATIONS is currently undervalued by 20.9%. As such, now may be a great time to invest in COGENT COMMUNICATIONS as it is trading below its intrinsic value. More…
Peers
The company provides data, voice, and video services to business and residential customers in over 200 markets in the United States, Canada, Europe, the Middle East, and Asia. Cogent’s network is one of the largest and most expansive in the world, reaching over 193 countries and connecting over 46,000 on-net buildings. The company has over 3,000 employees and is headquartered in Washington, D.C. Cogent’s main competitors are Pentanet Ltd, Quadrant Televentures Ltd, AT&T Inc.
– Pentanet Ltd ($ASX:5GG)
Pentanet Ltd is an Australian telecommunications company. The company provides broadband internet, VoIP, and mobile phone services to residential and business customers. Pentanet Ltd has a market capitalization of $76.91 million as of 2022 and a return on equity of -13.09%. The company has been in operation since 2014 and is headquartered in Perth, Western Australia.
– Quadrant Televentures Ltd ($BSE:511116)
Quadrant Televentures Ltd is an Indian telecommunications company. The company provides mobile and fixed-line voice and data services, broadband, and enterprise services to consumers and businesses in India. As of March 31, 2021, the company had a market cap of $869.41 million and a return on equity of 0.14%. Quadrant Televentures was founded in 1996 and is headquartered in Mumbai, India.
– AT&T Inc ($NYSE:T)
AT&T Inc. is an American multinational conglomerate holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s largest telecommunications company, the second largest provider of mobile telephone services, and the largest provider of fixed telephone services in the United States through AT&T Communications. Since June 14, 2018, it also became the parent company of mass media conglomerate WarnerMedia, making it the world’s largest entertainment company in terms of revenue. As of 2021, AT&T is ranked #9 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Summary
Cogent Communications Holdings Inc. recently experienced a notable insider sell-off, with director Blake Bath selling 8621 shares of the company. This transaction serves as a cautionary signal for investors, and may suggest that insiders may be expecting lower share prices in the near future. Before making any decisions, it is important to analyze Cogent’s financials, competitive positioning, and market trends to determine if this could be an opportune time to invest in the company. The company’s financial health should be thoroughly evaluated, looking at its current assets, liabilities, cash flow, and profitability.
Additionally, Cogent’s competitive advantages should be evaluated to measure its position in the market. Furthermore, investors should investigate macroeconomic and industry trends to determine if Cogent is well positioned to benefit from favorable industry tailwinds. Overall, investors should conduct their own due diligence before investing in Cogent Communications Holdings Inc.
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