CCOI
Cogent Communications Holdings, Inc. Communication Services - Telecom Services Investor Relations →
Cogent Communications Holdings, Inc. (CCOI) closed at $9.01 as of 2026-09-18, trading 81.2% below its 200-week moving average of $48.00. This places CCOI in the extreme value zone. The stock is currently moving closer to the line, down from -80.6% last week. With a 14-week RSI of 29, CCOI is in oversold territory.
A big spike in selling this week — 2.8x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1236 weeks of data, CCOI has crossed below its 200-week moving average 16 times. On average, these episodes lasted 26 weeks. Historically, investors who bought CCOI at the start of these episodes saw an average one-year return of +35.8%.
With a market cap of $461 million, CCOI is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -721.5%. The stock trades at -12.7x book value.
Share count has increased 4.3% over three years, indicating dilution.
Over the past 23.8 years, a hypothetical investment of $100 in CCOI would have grown to $159, compared to $1362 for the S&P 500. CCOI has returned 2.0% annualized vs 11.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CCOI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CCOI Crosses Below the Line?
Across 16 historical episodes, buying CCOI when it crossed below its 200-week moving average produced an average return of +32.4% after 12 months (median +20.0%), compared to +11.9% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was -1.8% vs +27.7% for the index.
Each line shows $100 invested at the moment CCOI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. CCOI currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-06 | $-0.95 | $-0.45 | +52.6% |
| 2026-05-04 | $-0.98 | $-0.47 | +52.1% |
| 2026-02-20 | $-1.07 | $-0.31 | +71.5% |
| 2025-11-06 | $-1.22 | $-0.87 | +28.7% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from CCOI's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
CCOI has crossed below its 200-week MA 16 times with an average 1-year return of +35.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 2003 | Jun 2003 | 21 | 72.3% | +227.9% | +35.7% |
| Aug 2003 | Jan 2004 | 22 | 34.3% | -71.4% | -21.2% |
| May 2004 | Nov 2006 | 129 | 81.6% | +211.4% | +123.8% |
| Dec 2006 | Dec 2006 | 1 | 0.7% | +61.3% | +8.4% |
| Jun 2008 | Dec 2010 | 134 | 73.0% | -41.8% | +13.3% |
| Jan 2011 | Feb 2011 | 2 | 2.2% | +19.5% | +24.7% |
| Sep 2015 | Oct 2015 | 2 | 3.6% | +46.7% | -43.2% |
| Apr 2022 | May 2022 | 1 | 2.1% | +25.5% | -80.6% |
| May 2022 | May 2022 | 1 | 2.4% | +15.1% | -80.6% |
| Jun 2022 | Jun 2022 | 1 | 4.0% | +22.1% | -80.4% |
| Aug 2022 | Jan 2023 | 22 | 15.5% | +6.2% | -81.1% |
| Mar 2023 | Mar 2023 | 1 | 0.1% | +11.3% | -82.1% |
| Jul 2023 | Aug 2023 | 1 | 2.2% | +20.3% | -82.2% |
| May 2024 | May 2024 | 1 | 0.4% | -9.5% | -83.0% |
| Jun 2024 | Jul 2024 | 5 | 11.2% | -7.6% | -82.0% |
| Mar 2025 | Ongoing | 77+ | 81.2% | Ongoing | -83.3% |
| Average | 26 | — | +35.8% | — |
Frequently Asked Questions
Is CCOI below its 200-week moving average?
Yes. As of 2026-09-18, Cogent Communications Holdings, Inc. (CCOI) is trading 81.2% below its 200-week moving average of $48.00. The current price is $9.01.
What is CCOI's 200-week moving average price?
Cogent Communications Holdings, Inc.'s 200-week moving average is $48.00 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CCOI drops below its 200-week moving average?
CCOI has crossed below its 200-week moving average 16 times in our data. On average, buying at that moment produced a one-year return of +35.8%. These dips have historically been decent entry points. These episodes lasted 26 weeks on average.
Is CCOI a good value right now?
Here's what our data says about CCOI as of 2026-09-18: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 29 (oversold). Free cash flow is currently negative. Return on equity is -721.5%. Price-to-book is -12.7x. This is not a buy or sell recommendation — always do your own research.
How does CCOI compare to the S&P 500?
Over the past 23.8 years, $100 invested in CCOI would have grown to $159, compared to $1362 for the S&P 500. That's 2.0% annualized vs 11.6% for the index. CCOI has underperformed the broader market over this period.
Does CCOI pay a dividend?
Yes. Cogent Communications Holdings, Inc. currently pays a dividend yield of 89.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18