Sheryl Lynn Kennedy Sells 925 Shares of Cogent Communications Holdings, Inc
December 11, 2023
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Sheryl Lynn Kennedy, a Director of Cogent Communications ($NASDAQ:CCOI) Holdings, Inc., recently sold 925 shares of the company’s stock. Cogent Communications Holdings, Inc. is a multinational technology company that provides internet, data center, and voice services to businesses and organizations across the globe. It has become one of the leading providers of internet-based communications services due to its robust infrastructure, support services, and cutting-edge technology. Cogent Communications Holdings, Inc. is publicly traded on NASDAQ and its stock has seen significant growth over the past year.
Stock Price
The stock opened at $64.5 and closed at $63.9, representing a 0.4% decrease from the previous closing price of 64.2. 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
At GoodWhale, we have done a financial analysis of COGENT COMMUNICATIONS and found some interesting results. The Star Chart shows that COGENT COMMUNICATIONS is a healthy company with a high health score of 8/10, indicating that it can sustain future operations in times of crisis. COGENT COMMUNICATIONS is particularly strong in dividend, growth, and profitability, while being weak in asset. We have classified COGENT COMMUNICATIONS as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors who are looking for a company that is both financially sound and has the potential for long-term financial gains may find COGENT COMMUNICATIONS to be an attractive option. Furthermore, investors interested in a company with high dividend, growth, and profitability would be particularly interested in COGENT COMMUNICATIONS. 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 saw a notable insider trade as Director Sheryl Lynn Kennedy sold 925 shares of the company. Analysts have noted that this sale is indicative of Kennedy’s reduced confidence in the company’s near-term prospects. Consequently, investors should take this as an opportunity to reassess their position in Cogent Communications and consider any potential risks in their investment. Additionally, investors should pay attention to any further insider selling, as it could indicate a lack of confidence in the company’s future performance.
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