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Dave Schaeffer, Chairman, CEO, and President of Cogent Communications Holdings, Inc. (NASDAQ:CCOI), recently sold a significant amount of the company’s stock. On June 9, 2025, Schaeffer disposed of 55,000 shares of common stock, with transaction prices ranging from $48.5117 to $48.9919 per share. This sale comes as the stock has declined over 33% in the past six months, though the company maintains an impressive 8.25% dividend yield and has raised its dividend for 13 consecutive years. The total value of the transactions amounted to approximately $2.68 million. Following these sales, Schaeffer retains ownership of 3,646,721 shares of Cogent Communications. According to InvestingPro analysis, CCOI is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers, including detailed insider trading patterns and comprehensive valuation metrics.
In other recent news, Cogent Communications Holdings reported its first-quarter 2025 earnings, which missed analyst expectations. The company’s earnings per share (EPS) came in at -1.09 USD, slightly below the forecast of -1.05 USD, while revenue was 247 million USD, falling short of the projected 251.36 million USD. Despite these results, EBITDA as adjusted increased by 1.9% to 68.8 million USD, and the gross margin improved significantly by 790 basis points year-over-year. In a strategic financial move, Cogent announced a 600 million USD senior secured notes offering, with plans to use part of the proceeds to redeem existing notes due in 2026. Analyst firms have adjusted their outlooks, with Citi reducing Cogent’s stock price target to 67 USD but maintaining a Buy rating, citing mixed performance across verticals. Meanwhile, JPMorgan lowered its price target to 62 USD, maintaining a Neutral stance due to weaker first-quarter results and a dip in EBITDA. Cogent’s Annual Meeting also saw stockholders approve amendments to the company’s incentive award plan and bylaws, including increasing the number of shares available for issuance. These developments reflect ongoing efforts by Cogent to navigate financial challenges while aiming for future growth.
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