Get emailed when CCOI changes direction
Insider selling: $156,527,985 sold by 15 insiders (30d)
Est. revisions:
-11.2%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net -1.3)
Factor Model
net -1.3 2.9 / 10
Est. Revisions
-0.6
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+0.0
Narrative Gap
+0.0
AI boom could push CCOI traffic growth toward 23% trend
Watch: June 2026 refinance: whether Cogent secures the $750 million replacement at reasonable terms or faces secured-debt penalty that clips margin gains and forces asset liquidation.
CEO Dave Schaeffer argues AI workloads could reignite internet traffic growth above the current 10% baseline toward the historical 23% annual compound rate, a thesis that would benefit Cogent's wavelengths business. The company competes 50% below market pricing and targets 6-8% annual revenue growth with 200 basis points of EBITDA margin expansion. Wavelengths revenue doubled year-over-year to hit 4% of total revenue by leveraging repurposed Sprint assets, though the portfolio shift remains early and execution-dependent.
If AI adoption translates to traffic inflection, Cogent's low-cost backbone and growing high-margin wavelengths segment could capture disproportionate volume—but only if the June 2026 refinance doesn't force deleveraging constraints that starve capex or trigger asset sales at depressed values.
Evidence
7d ago
Insider sell by SCHAEFFER DAVID (CCOI): $22,519,998
7d ago
Insider sell by SCHAEFFER DAVID (CCOI): $60,005,809
28d ago
Why a Full Exit From Cogent Communications Amid a 74% Stock Drop Could Matter for Investors
yahoo-finance
44d ago
Cogent Communications Touts Return to Organic Growth, Margin Gains, and 2027 Debt Refi Plan at Conference
yahoo-finance
44d ago
Cogent Communications CEO: AI Could Reignite Internet Traffic as Price Compression Persists
yahoo-finance
46d ago
KeyBanc Lowers Cogent Communications (CCOI) Valuation After Disappointing Quarter
yahoo-finance
53d ago
KeyBanc Lowers Cogent Communications (CCOI) Valuation After Disappointing Quarter
yahoo-finance
Fundamentals & Data ▾
Cogent Communications Holdings, Inc.
Communication Services · Telecom Services
Mkt Cap
$1B
Beta
0.74
Div Yield
874.00%
52w Range
$15.96 - $56.89
Short Interest
5.8M 16.3%
Days to Cover
5.0 -21%
Technicals
downtrend
from 52w Hi
0.0%
1w return
+14.1%
Insiders
selling
0B / 5S
EPS Estimate
$-1.07
-11.2% 30d
0up / 0dn
Est. Dispersion
48%
3 analysts
Analyst Target
$26
$17 - $43
Options P/C
1.81
Insider Cluster
strong sell
0B / 9S
Fund Convergence
strong
Citadel, Renaissance, Bridgewater
Financials
Revenue
$241M -5% YoY
FCF
$-43M
Gross Margin
47%
Op Margin
-5%
Momentum:
accelerating
Top Holders
Citadel
$10M
Renaissance
$2M
Bridgewater
Recent Filings & Data
insider trade
146
net selling
· $156,527,985 sold
15 insiders · 146 transactions (30d)
Recent transactions
SCHAEFFER DAVID · other
BROOKS STEVEN D · award
FERGUSON LEWIS H III · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
KILMER HENRY WORTHINGTON · sell · $56,040
WEED THADDEUS GERARD · sell · $109,756
FERGUSON LEWIS H III · sell · $50,804
KENNEDY SHERYL LYNN · sell · $75,867
SCHAEFFER DAVID · award
SCHAEFFER DAVID · other
BROOKS STEVEN D · award
WEED THADDEUS GERARD · award
FERGUSON LEWIS H III · award
CHANG JOHN B · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
HARRIS MARK ANDREW · award
MONTAGNER MARC · award
KILMER HENRY WORTHINGTON · award
WEED THADDEUS GERARD · sell · $175,127
KILMER HENRY WORTHINGTON · sell · $94,992
FERGUSON LEWIS H III · sell · $81,341
WEED THADDEUS GERARD · award
CHANG JOHN B · award
KILMER HENRY WORTHINGTON · sell · $46,728
KENNEDY SHERYL LYNN · sell · $51,221
BROOKS STEVEN D · award
FERGUSON LEWIS H III · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
KILMER HENRY WORTHINGTON · sell · $88,776
WEED THADDEUS GERARD · sell · $181,202
HARRIS MARK ANDREW · award
KENNEDY SHERYL LYNN · sell · $72,700
SCHAEFFER DAVID · sell · $22,519,998
SCHAEFFER DAVID · sell · $60,005,809
BROOKS STEVEN D · award
FERGUSON LEWIS H III · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
SCHAEFFER DAVID · sell · $3,297,609
SCHAEFFER DAVID · sell · $2,607,204
SCHAEFFER DAVID · sell · $2,632,372
SCHAEFFER DAVID · sell · $2,668,135
SCHAEFFER DAVID · sell · $2,677,490
WEED THADDEUS GERARD · sell · $235,396
SCHAEFFER DAVID · sell · $2,675,346
SCHAEFFER DAVID · sell · $3,822,124
KILMER HENRY WORTHINGTON · sell · $115,080
SCHAEFFER DAVID · sell · $3,547,316
SCHAEFFER DAVID · sell · $3,581,982
BUBECK JAMES R. · sell · $94,999
SCHAEFFER DAVID · sell · $3,052,867
SCHAEFFER DAVID · sell · $3,011,140
CHANG JOHN B · other
SCHAEFFER DAVID · sell · $1,147,425
SCHAEFFER DAVID · sell · $1,172,592
WEED THADDEUS GERARD · sell · $4,766
SCHAEFFER DAVID · sell · $948,174
FERGUSON LEWIS H III · sell · $52,327
SCHAEFFER DAVID · sell · $973,322
SCHAEFFER DAVID · sell · $1,173,318
SCHAEFFER DAVID · sell · $1,156,768
SCHAEFFER DAVID · sell · $1,872,248
SCHAEFFER DAVID · sell · $749,348
SCHAEFFER DAVID · sell · $764,925
WEED THADDEUS GERARD · sell · $5,041
WEED THADDEUS GERARD · sell · $5,059
SCHAEFFER DAVID · sell · $2,015,036
SCHAEFFER DAVID · sell · $1,519,140
SCHAEFFER DAVID · sell · $2,720,231
CHANG JOHN B · other
KENNEDY SHERYL LYNN · sell · $72,773
BROOKS STEVEN D · award
BATH DAVID BLAKE · award
FERGUSON LEWIS H III · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
FERGUSON LEWIS H III · sell · $66,313
CHANG JOHN B · other
KILMER HENRY WORTHINGTON · sell · $174,168
CHANG JOHN B · other
SCHAEFFER DAVID · sell · $4,305,978
BUBECK JAMES R. · sell · $143,348
WEED THADDEUS GERARD · sell · $353,110
KENNEDY SHERYL LYNN · sell · $103,967
BROOKS STEVEN D · other
SCHAEFFER DAVID · award
WEED THADDEUS GERARD · award
CHANG JOHN B · award
BUBECK JAMES R. · award
BROOKS STEVEN D · award
BATH DAVID BLAKE · award
FERGUSON LEWIS H III · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
CHANG JOHN B · other
KILMER HENRY WORTHINGTON · sell · $362,942
BUBECK JAMES R. · sell · $147,065
CHANG JOHN B · other
WEED THADDEUS GERARD · sell · $391,584
BUBECK JAMES R. · sell · $156,329
KILMER HENRY WORTHINGTON · sell · $197,256
KILMER HENRY WORTHINGTON · award
BUBECK JAMES R. · award
SCHAEFFER DAVID · sell · $4,999,480
BATH DAVID BLAKE · sell · $520,565
FERGUSON LEWIS H III · sell · $69,171
CHANG JOHN B · sell · $183,328
KENNEDY SHERYL LYNN · sell · $108,777
HOWARD EVE N · sell · $287,070
BROOKS STEVEN D · award
FERGUSON LEWIS H III · award
LIEBHABER & ASSOCIATES · award
KENNEDY SHERYL LYNN · award
DE SA PAUL · award
HOWELL DENEEN C · award
HOWARD EVE N · award
MONTAGNER MARC · award
CHANG JOHN B · sell · $100,338
SCHAEFFER DAVID · sell · $4,663,555
KENNEDY SHERYL LYNN · sell · $110,139
KILMER HENRY WORTHINGTON · sell · $166,824
BUBECK JAMES R. · sell · $133,958
WEED THADDEUS GERARD · sell · $167,222
SCHAEFFER DAVID · sell · $4,368,960
CHANG JOHN B · sell · $152,070
FERGUSON LEWIS H III · sell · $112,554
8 signals · latest 7d ago
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