Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Lewis (JO:LEWJ) H. Ferguson, a director at Cogent Communications Holdings, Inc. (NASDAQ:CCOI), recently sold 1,100 shares of the company’s common stock. The shares were sold at an average price of $47.5701 each, bringing the total transaction value to $52,327. Following this sale, Ferguson holds 18,904 shares in the company. The sale comes as CCOI’s stock has declined over 40% in the past six months, though the company maintains its position as a reliable dividend payer with 13 consecutive years of dividend increases and an attractive 8.6% yield. InvestingPro analysis reveals 12 additional key insights about CCOI’s financial health and market position, available in the comprehensive Pro Research Report.
In other recent news, Cogent Communications reported its first-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue compared to forecasts. The company’s EPS was -1.09 USD, missing the forecast of -1.05 USD, and revenue was 247 million USD, falling short of the projected 251.36 million USD. Despite these results, Cogent’s adjusted EBITDA increased by 1.9% to 68.8 million USD, and the gross margin improved significantly by 790 basis points year-over-year. Meanwhile, Citi analyst Michael Rollins adjusted Cogent’s stock price target from 82 USD to 67 USD but maintained a Buy rating, citing mixed performance and potential asset sales to reduce debt. JPMorgan analyst Philip Cusick also revised the stock target down to 62 USD from 76 USD, maintaining a Neutral stance due to weaker first-quarter results and decreased revenue projections. Additionally, Cogent announced updates to its incentive award plan and bylaws following its Annual Meeting, increasing shares available for issuance and adjusting board size. These developments highlight Cogent’s ongoing efforts to stabilize financial performance and address leverage concerns amidst challenging market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.