Cogent Communications’ chief revenue officer sells $143,348 in stock

James Bubeck, the Chief Revenue Officer of Cogent Communications Holdings, Inc. (NASDAQ:CCOI), recently sold a portion of his holdings in the company. According to a recent SEC filing, Bubeck sold 2,000 shares of common stock on March 4, 2025, at an average price of $71.67 per share, amounting to a total transaction value of approximately $143,348. The sale comes as the stock has experienced an 11% decline over the past week, according to InvestingPro data.

Following this sale, Bubeck retains ownership of 57,142 shares in the company. The transaction reflects a routine adjustment of his stock portfolio as part of his financial management. Cogent Communications, known for its communication services, continues to be a significant player in the industry with a market capitalization of $3.4 billion. The company has maintained dividend increases for 13 consecutive years, currently offering a 5.6% yield. InvestingPro analysis reveals 10 additional investment insights about CCOI, including detailed insider trading patterns and comprehensive financial health metrics.

In other recent news, Cogent Communications reported its fourth-quarter financial results, which showed revenue of $252.3 million, falling short of the consensus estimate of $258.04 million. This represented a 1.9% decrease from the previous quarter and a 7.3% decline year-over-year. Despite missing revenue expectations, the company reported a loss of $0.91 per share, which was better than the anticipated loss of $1.22 per share. Cogent noted that lower office occupancy rates have impacted its corporate revenue, although some markets are showing improvement.

KeyBanc Capital Markets maintained an Overweight rating on Cogent Communications, setting a price target of $91. The firm cited the company’s continued EBITDA margin strength and potential growth from Wavelengths and IPv4 developments as positive factors. Cogent’s CEO, Dave Schaeffer, highlighted strong growth in the company’s wavelength and IP address leasing segments, with wavelength revenue increasing 31.8% sequentially to $7.0 million and IPv4 leasing revenue rising 11.8% to $12.6 million.

The company also approved a dividend increase of $0.01 per share to $1.005 for the first quarter of 2025, marking its fiftieth consecutive quarterly dividend increase. KeyBanc’s analyst, Brandon Nispel, suggested that the current situation presents a buying opportunity for investors, emphasizing the company’s cash flow and growth catalysts.

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