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Cogent Communications Holdings Inc, known by the ticker symbol CCOI is a Mid-cap telecom services firm, operating in the communication services business sector. This is my first ever report on CCOI for this Viital portfolio I did report on CCOI for one of my previous 6 portfolios.

Cogent carries over one-fifth of the world's Internet traffic over its network and is an Internet service provider for businesses.

Cogent's corporate customers are in high-rise office buildings, and the firm provides them with two types of connections: dedicated Internet access, which connects them to the Internet, and virtual private networking, which offers an internal network for employees in different locations. 

Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include Internet service providers and content providers, to which Cogent provides Internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 multi-tenant office buildings.  

Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

Three key data points gauge any dividend equity or fund such as Cogent Communications Holdings Inc (CCOI).

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 
 

CCOI Price

Cogent’s price per share was $59.98 as of yesterday's market close. One year ago its price was $75.48. Therefore, Cogent’s share price fell $15.50 or about 20.5% in the past year. 

If Cogent’s stock trades in the range of $50.00 to $80.00 this next year, its recent $59.98 share price might rise by $5.02 to reach $65.00 by June 7, 2023. My $5.02 upside estimate is $1.82 under the median of annual price increases calculated by eleven analysts covering CCOI for broker firms.
 

CCOI Dividends

Cogent’s most recently declared a quarterly dividend of $0.88 was paid, on May 27, 2022, to shareholders on record as of May 12th.  

CCOI initiated a quarterly $0.10 dividend as of September 12, 2012. The dividend has increased generally annually to $0.88 as of May’s quarterly payout. Its forward-looking payouts now equate to $3.52 annually and that annual payout is calculated to deliver a 5.87% annual yield per yesterday’s $59.98 share price.
 

CCOI Returns

Adding the $3.52 CCOI annual dividend to my estimated one-year price upside of $5.02 estimate shows an $8.54 potential gross gain, per share, to be reduced by any costs to trade CCOI shares.  

At yesterday's $59.98 closing price per share, a little over $1000 would buy 17 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at the sale and might cost us $0.59 per share.

Subtract that maybe $0.59 brokerage cost from my estimated $8.54 gross gain estimate per share results in a net gain of $7.95 X 17 shares = $135.15 for a 13.5% net gain including a 5.87% forward-looking dividend yield. 

So is that Cogent Communications Holdings Inc shows a possible 13.5% net gain including a 5.87% forward-looking dividend yield. 

Over the next year at this time, our $1000 investment in Cogent Communications Holdings Inc shares might generate $58.70 in cash dividends. Of course, a single share of CCOI stock bought at yesterday's $59.98 price is $1.28 over the dividend income from our $1000.00 investment. 

So, by my dogcatcher ideal, this is almost a good time to pick up Cogent Communications Holdings Inc shares based on their forward-looking dividends for the year 2022. The forthcoming annual dividends from $1K invested are just $1.28 less than yesterday's single share price. Consider yourself alerted. It's a sign. Wait for Cogent’s price to drop to $58.70.  Probably sometime this week or next.

All of the estimates above are speculation based on the past history of Cogent Communications Holdings Inc  (CCOI). Only time and money invested in this stock will determine its market value.