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CCOI
Stock ticker:
NASDAQ
AS OF
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Capitalization
3.05B

CCOI Cogent Communications Holdings Forecast, Technical & Fundamental Analysis

a provider of broadband internet services

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A.I.Advisor
a Summary for CCOI with price predictions
08:00 PM EDT Jun 01, 2023

CCOI in downward trend: 10-day moving average broke below 50-day moving average on May 18, 2023

The 10-day moving average for CCOI crossed bearishly below the 50-day moving average on May 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for CCOI moved out of overbought territory on May 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

CCOI moved below its 50-day moving average on May 11, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCOI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CCOI broke above its upper Bollinger Band on May 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CCOI entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where CCOI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on CCOI as a result. In of 102 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CCOI just turned positive on June 02, 2023. Looking at past instances where CCOI's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CCOI advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CCOI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (5.820). P/E Ratio (285.714) is within average values for comparable stocks, (133.915). Projected Growth (PEG Ratio) (15.769) is also within normal values, averaging (9.981). Dividend Yield (0.058) settles around the average of (0.110) among similar stocks. P/S Ratio (4.943) is also within normal values, averaging (65.414).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 13.38B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 13%. FRTN experienced the highest price growth at 46%, while MIMO experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 86%. For the same stocks of the Industry, the average monthly volume growth was 89% and the average quarterly volume growth was 122%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 58
Price Growth Rating: 53
SMR Rating: 67
Profit Risk Rating: 80
Seasonality Score: -2 (-100 ... +100)
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A.I. Advisor
published Earnings

CCOI is expected to report earnings to fall 115.15% to -1 cents per share on August 03

Cogent Communications Holdings CCOI Stock Earnings Reports
Q2'23
Est.
$-0.02
Q1'23
Est.
$0.13
Q4'22
Missed
by $0.16
Q3'22
Missed
by $0.39
Q2'22
Beat
by $0.02
The last earnings report on May 04 showed earnings per share of 12 cents, missing the estimate of 13 cents. With 399.44K shares outstanding, the current market capitalization sits at 3.05B.
A.I.Advisor
published Dividends

CCOI paid dividends on June 02, 2023

Cogent Communications Holdings CCOI Stock Dividends
А dividend of $0.94 per share was paid with a record date of June 02, 2023, and an ex-dividend date of May 17, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of broadband internet services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Specialty Telecommunications
Address
2450 N Street North West
Phone
+1 202 295-4200
Employees
1076
Web
https://www.cogentco.com
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CCOI and

Correlation & Price change

A.I.dvisor indicates that over the last year, CCOI has been loosely correlated with TU. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if CCOI jumps, then TU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CCOI
1D Price
Change %
CCOI100%
+2.89%
TU - CCOI
45%
Loosely correlated
+0.52%
BCE - CCOI
44%
Loosely correlated
+0.66%
IRDM - CCOI
40%
Loosely correlated
+2.45%
RADI - CCOI
39%
Loosely correlated
-0.14%
VZ - CCOI
38%
Loosely correlated
-3.19%
More

Groups containing CCOI

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CCOI
1D Price
Change %
CCOI100%
+2.89%
telecommunications
(undefined stocks)
55%
Loosely correlated
+1.01%
broadband
(undefined stocks)
46%
Loosely correlated
+2.08%
paying utilities
(undefined stocks)
46%
Loosely correlated
+2.74%
Communications
(undefined stocks)
2%
Poorly correlated
+0.69%
Wireless Telecommunications
(undefined stocks)
2%
Poorly correlated
+0.69%