Cogent Communications stock gained 2.79 percent on October 2
Published on 10/05/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cogent Communications stock (ISIN US19239V3024) closed at USD 8.46 on October 2, 2026, gaining 2.79 percent on Nasdaq. The latest operating report showed adjusted EBITDA of USD 71.1 million and a margin of 30.2 percent in Q2 2026, according to Cogent Communications.
Q2 margin reaches 30.2 percent
Cogent's adjusted EBITDA margin rose from 29.3 percent in Q1 2026 to 30.2 percent in Q2. Adjusted EBITDA increased 1.3 percent sequentially to USD 71.1 million, while service revenue declined from USD 239.2 million to USD 235.6 million over the same periods, the company reported through its investor-relations materials.
The revenue mix was more constructive in the network business. On-net revenue, including wavelengths, increased 0.7 percent sequentially to USD 150.2 million and grew 6.2 percent from Q2 2025, while IP network traffic rose 2 percent from Q1 and 16 percent year over year.
Analysts keep a Hold consensus
According to MarketBeat on September 29, 2026, 11 research firms assigned Cogent a Hold consensus. Six firms rated the stock Hold, three rated it Buy and two rated it Sell. The average 12-month price target was USD 19.55, with targets ranging from USD 9.00 to USD 40.00.
Using the October 2 closing price, the average target lies 131.2 percent above the stock price. That gap captures the split view: the latest quarter delivered a USD 1.38 adjusted EPS result against a consensus loss of USD 1.00, but quarterly revenue fell 4.4 percent year over year to USD 235.6 million, according to MarketBeat.
Stock remains near its yearly low
Cogent's October 2 close stood USD 1.33 above the 52-week low of USD 7.13 and USD 37.23 below the 52-week high of USD 45.69. Trading volume reached 2,479,559 shares, while the market capitalization was USD 423.7 million as of the same market snapshot.
The balance sheet also remains central to the investment case. Cogent reported total cash and restricted cash of USD 369.7 million at the end of Q2 2026, while its adjusted net leverage ratio declined to 6.23 from 6.79 in Q1, according to its investor-relations update.
Cogent Communications stock and valuation
MarketBeat lists Cogent on Nasdaq under ticker CCOI in the Communication Services sector and Diversified Telecommunication Services industry. Its network provides dedicated Internet access, IP transit, Ethernet transport, virtual private network services and colocation for businesses, carriers and content providers.
Cogent Communications stock facts
- Company: Cogent Communications Holdings, Inc.
- ISIN: US19239V3024
- Ticker: CCOI
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 8.46, closing price
- Market capitalization: USD 423.7 million (as of October 2, 2026)
- 52-week range: USD 7.13-45.69 (as of October 2, 2026)
- Sector / Industry: Communication Services / Diversified Telecommunication Services
