E Daily Stock Report: Cogent Communications

(1) Price

(2) Dividends

(3) Returns

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

CCOI Price

Cogent's price per share closed at $58.42 yesterday. A year ago its price was $61.72. Price is down $3.30 or nearly 5.3% on the year.

If Cogent''s stock trades in the range of $50 to $70 this next year, its recent $58.42 price might rise by $3.58. to reach $62.00 by December 14, 2021. 

CCOI Dividends

Cogent's most recently declared quarterly dividend was $0.73 paid December 4th. Dividends are estimated to total $2.92 per share annually and yield 5.00% at Friday's $58.42 closing price.

CCOI Gains?

Adding the $2.92 annual anticipated dividend to my $3.58 optimistic estimate of Cogent's price upside shows a $6.50 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little under $1,000.00 today in Cogent Communications Holdings Inc at $58.42 and we would buy 17 shares CCOI stock.

A $10 broker fee (if any) paid half at purchase and half at sale could cost us about $0.59 per share.

Subtract that maybe $0.59 brokerage cost from my estimated  $6.50 gross gain per share results in a net gain of $5.91 X 17 shares = $100.47 or a 10.05% net gain on a $993.14 investment.

So it goes that Cogent Communications Holdings Inc shows a possible 10% net gain including a 5.00% dividend yield. It could be more, it could be less. 

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

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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