CCOI
Cogent Communications Holdings, Inc. Communication Services Communications Services, NEC Russell 3000
$6.74Close
$337.4MMarket cap
$6.74 – $41.0352-week range
Nov 5, 2026Next report · before the open
Highlights
Cautions
- Not in an uptrend 0 of 8 trend conditions
- Lagging the market RS 1 · weaker than 99% of stocks over 12 months
- Far from its high 84% below its 52-week high
- Results soon Nov 5, 2026, in 4 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
84%
1wk
down 9.9%
price change
1mo
down 13.5%
price change
12-month return
down 83%
market up 11% ·
its own down 95%
F-score
4 / 9
Weak
Altman Z″
-0.50
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
—
price / book
Earnings yield
down 5.3%
EBIT / enterprise value
Cheaper than
6%
of the market · expensive
Revenue growth
down 6%
year on year
EPS growth
—
latest quarter
Sales growth
down 4%
latest quarter · -1 pts
ROE
—
return on equity
Free cash margin
down 20%
-$198.1M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
9.4×
Interest cover
—EBIT / interest
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- took on more long-term debt
- issued more shares
- assets working less efficiently
- profitability improving
- profits backed by cash
- short-term liquidity improved
- gross margin widened
Repair signals
- Gross margin 38.1% → 45.2%
Trade setup
ATR%
10.5%
$0.71 a day · 2×ATR $5.33
RS
1 / 99
vs the universe
Trend
0 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
0.76
50 sessions
Implied move
—
no option chain · report Nov 5, 2026
Trend template · 0 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Liabilities exceed assets Shareholders' equity is negative at -$63.8M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 9.4 times EBITDA — roughly 9 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 2.1% over the year, from 49m to 50m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Revenue shrinking Revenue fell 5.8% over the year, from $1.0B to $975.8M.
Last reported
Aug 6, 2026
Last shock
Aug 6, 2026-15% in one session2.5× volumeon results-38% since
Financials
- Gross 45%
- Net -19%
- Free cash -20%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $568.1M | $589.8M | $599.6M | $940.9M | $1.0B | $975.8M |
| Gross margin | 61% | 62% | 62% | 42% | 38% | 45% |
| Operating income | $106.9M | $119.2M | $114.0M | -$129.3M | -$197.6M | -$101.1M |
| Net income | $6.2M | $48.2M | $5.1M | $1.3B | -$204.1M | -$182.2M |
| Net margin | 1% | 8% | 1% | 135% | -20% | -19% |
| Earnings per share | $0.13 | $1.03 | $0.11 | $26.62 | -$4.28 | -$3.80 |
| Free cash flow | $84.4M | $100.3M | $94.7M | -$112.3M | -$203.6M | -$198.1M |
| Free cash margin | 15% | 17% | 16% | -12% | -20% | -20% |
| Cash | $371.3M | $319.6M | $223.8M | $75.1M | $198.5M | $148.5M |
| Long-term debt | $882.0M | $897.8M | $950.0M | $950.0M | $1.5B | $1.7B |
| Shareholders' equity | -$293.2M | -$373.1M | -$518.6M | $609.6M | $222.8M | -$63.8M |
| Shares outstanding | 47.21m | 47.67m | 48.01m | 48.61m | 49.03m | 50.06m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 6, 2026 | Quarterly ↗ | Jun 30, 2026 | 37d |
| May 4, 2026 | Quarterly ↗ | Mar 31, 2026 | 34d |
| Feb 20, 2026 | Annual ↗ | Dec 31, 2025 | 51d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 7, 2025 | Quarterly ↗ | Jun 30, 2025 | 38d |
| May 8, 2025 | Quarterly ↗ | Mar 31, 2025 | 38d |
| Feb 28, 2025 | Annual ↗ | Dec 31, 2024 | 59d |
| Nov 7, 2024 | Quarterly ↗ | Sep 30, 2024 | 38d |
| Aug 8, 2024 | Quarterly ↗ | Jun 30, 2024 | 39d |
| May 9, 2024 | Quarterly ↗ | Mar 31, 2024 | 39d |
| Feb 29, 2024 | Annual ↗ | Dec 31, 2023 | 60d |
| Nov 9, 2023 | Quarterly ↗ | Sep 30, 2023 | 40d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 6, 2026 | Results ↗ |
| Jun 29, 2026 | Regulation FD ↗ |
| Jun 15, 2026 | Material agreement ↗ |
| May 26, 2026 | Material agreement · Other events ↗ |
| May 4, 2026 | Director or officer change · Shareholder vote ↗ |
| May 4, 2026 | Results ↗ |
| Feb 20, 2026 | Results ↗ |
| Jan 7, 2026 | Director or officer change ↗ |
| Nov 17, 2025 | Results ↗ |
| Nov 6, 2025 | Results ↗ |
| Aug 15, 2025 | Director or officer change · Regulation FD ↗ |
| Aug 7, 2025 | Results ↗ |