CCOI Cogent Communications Holdings, Inc.
XNAS
4.35
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CCOI
$4.35
—
What changed
Recent filings, trades and movesKey stats
$4.35
- 52-Week Range
- $3.56 – $28.70
- YTD
- -78.89%
- IV Rank (30D)
- 64.45
- Straddle Price
- $1.88
- P/C Vol Ratio
- 2.39
- Market Cap
- $0.2B
- Open
- $4.06
- Day Range
- $3.85 – $4.54
- Volume
- 2,685,860
- Prev Close
- $3.98
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.85 |
| Cost of Equity (CAPM) | 9.13% (VRP-adj) |
| WACC | 5.53% |
| Volatility Risk Premium | +179.4pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -2.9% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | 132.5% |
| Book / Price | -54.8% |
| Gross Margin (TTM) | 45.6% |
| FCF Margin (TTM) | -14.8% |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $8.24 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $7.16 |
| Bollinger Width / SMA20 | 64.9% (drives anchor stability) |
| Net Debt | $2.2B |
| Market Cap | $0B |
Peers used for multiples: CMCSA, GSAT, IRDM, LUMN, MSGS, TDS, VSNT, VZ
Blended Fair Value
$14.57
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $0.65 | 0% | |
| Peer P/E | n/a | 0% | median 11.2× · 6 peers |
| Peer EV/EBITDA | n/a | 0% | median 11.9× · 8 peers |
| Peer P/B | n/a | 0% | median 1.4× · 6 peers |
| Peer P/S | $43.86 | 18% | median 2.2× · 8 peers |
| Market Anchor (SMA50) | $8.24 | 82% | stability 69% (BB-width) |
| Options Expected (B-L 30d) | $6.38 | 0% | 5 strikes · skew +0.19 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- COMMUNICATIONS SERVICES, NEC (4899) · industry map
- Exchange
- XNAS
- Market Cap
- $0.2B
- Employees
- 1,833
- List Date
- 2002-02-01
- CIK
- 0001158324
- Last Earnings
- Nov 5 before open · −30.9% vs ±31.3% expected
- Next Earnings
- ~Feb 19, 2027 (estimated)
- Headquarters
- Washington, DC
- Homepage
- https://www.cogentco.com
Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Cogent's netcentric customers, which contribute nearly half of total revenue, include internet service providers and content providers, to which Cogent provides internet transit service. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which conne…
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -4.40% | -12.47% | 18.76% | 0.93% | -2.27% | 17.85% | 3.07% |
| Feb | 3.15% | -2.45% | -8.04% | 6.84% | -5.18% | -24.08% | -4.96% |
| Mar | 13.99% | 5.87% | -1.73% | -16.83% | -14.04% | -15.10% | -4.64% |
| Apr | 10.38% | -14.98% | 9.29% | 0.02% | -11.86% | 23.70% | 2.76% |
| May | -0.64% | 0.52% | -11.06% | -8.75% | -16.45% | -23.32% | -9.95% |
| Jun | 2.78% | 1.01% | 9.74% | -1.28% | 4.53% | -21.54% | -0.79% |
| Jul | 1.04% | 3.42% | -8.61% | 27.79% | -9.24% | -6.18% | 1.37% |
| Aug | -6.08% | -16.99% | 16.78% | 1.08% | -15.31% | -27.89% | -8.07% |
| Sep | -5.29% | -3.75% | -13.20% | 9.92% | 3.87% | -13.54% | -3.66% |
| Oct | 6.14% | -2.78% | 9.45% | 7.07% | 5.50% | -18.10% | 1.21% |
| Nov | -3.03% | 8.38% | -1.69% | 0.70% | -53.20% | -27.77%* | -12.77% |
| Dec | 0.43% | -0.97% | 16.21% | -7.47% | 10.73% | -- | 3.79% |
| Total | 17.71% | -32.72% | 32.61% | 14.46% | -73.24% | -80.44% | -20.27% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $6.96
SMA 50: $8.14
SMA 200: $15.21
Current: $4.38
EMA 12: $6.00
EMA 26: $6.99
MACD: -0.9901 | Signal: -0.2993
BEARISH
ADX (14): 29.20
TREND
+DI: 12.23
−DI: 37.38
Momentum Oscillators
RSI (14): 30.36
NEUTRAL
Stoch %K: 11.05
Stoch %D: 14.54
Williams %R: -80.99
Volume & Volatility
BB Upper: $9.50
BB Lower: $4.42
OVERSOLD
OBV: -48,657,277
Vol SMA 20: 2,144,153
Vol ROC: 146.23%
ATR: $0.83
True Range: $0.68
HV 20: 173.6%
HV 30: 153.2%
HV 60: 120.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before CCOI’s Nov 5 earnings report, so it doesn’t reflect the results.
Here is a comprehensive stock analysis report for CCOI based on the provided data:
Executive Summary
BULLISH (Confidence Level: 6/10) Key Drivers: * Strong technical signals from moving averages and momentum oscillators * Recent news headlines highlight legal issues, which may not have significant impact on stock price Primary Risks: * High volatility, indicating potential for large moves in short-term * Negative sentiment from recent news headlines
Recent News Sentiment Impact: The negative sentiment from recent news headlines is likely to continue weighing on the stock price.
Technical Analysis
Trend Direction: SHORT-TERM (1-4 weeks) - BEARISH, MEDIUM-TERM (1-3 months) - NEUTRAL, LONG-TERM (3-12 months) - BULLISH
Support/Resistance Levels: * Upper Bollinger Band: $23.16 * Middle Bollinger Band: $18.25 * Lower Bollinger Band: $13.33
Momentum Signals: * RSI interpretation: Neutral (61.73) * MACD signal: Bearish (-0.38 / Signal: 0.51 / Histogram: -0.90) * Bollinger Bands position: Neutral
Volume Analysis: * Volume SMA 20: 1644160.10 * On-Balance Volume (OBV): -4917222.00 * Volume Rate of Change: 26.94%
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines highlight legal issues and investigations, which may have a negative impact on the stock price.
Sentiment Assessment: NEGATIVE
Catalyst Identification: No significant catalysts identified in recent news headlines.
Market Narrative: The negative sentiment from recent news headlines is likely to continue weighing on the stock price.
Risk & Volatility Assessment
Risk Metrics: * Beta: 1.71 (vs SPY) * Alpha: -0.85 * Correlation: 0.24 * Stock Volatility: 0.84
Interpretation: High volatility, indicating potential for large moves in short-term.
Market Context & Positioning
Sector Performance: CCOI is trading relatively stronger compared to its sector.
Institutional Activity: Moderate institutional interest with a volume flow of 459 calls vs 429 puts.
Correlation Analysis: The stock has a moderate correlation (0.24) with the market, indicating some independence from market movements.
Relative Valuation: The stock is positioned within a trading range, making it difficult to determine its relative value.
Key Levels & Action Items
Critical Price Levels: * Upper Bollinger Band: $23.16 * Middle Bollinger Band: $18.25
Breakout/Breakdown Levels: * Lower Bollinger Band: $13.33 (potential support)
Time-Sensitive Catalysts: None identified in recent news headlines.
Risk Management: Stop-loss levels should be set at the lower Bollinger Band ($13.33) to manage potential downside risk.
Please note that this is a comprehensive analysis report and not a buy/sell recommendation.
Generated
News
All CCOI news →
Cogent suspends dividend to prioritize refinancing $700 million in 2027 notes.
Earnings History
15 of 22 under expected move
Avg Expected Move
11.55%
Avg Actual Move
10.13%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-25 | Pre-Market | 10.05% | 4.37% | 0.43x | Within |
| 2021-04-28 | Pre-Market | 7.89% | 0.71% | 0.09x | Within |
| 2021-08-05 | Pre-Market | 4.43% | 1.25% | 0.28x | Within |
| 2022-02-24 | Pre-Market | 10.26% | 0.20% | 0.02x | Within |
| 2022-04-29 | Pre-Market | 4.76% | 4.96% | 1.04x | Exceeded |
| 2022-11-03 | Pre-Market | 7.68% | 2.16% | 0.28x | Within |
| 2023-02-23 | Pre-Market | 0.84% | 5.63% | 6.70x | Exceeded |
| 2023-05-04 | Pre-Market | 10.46% | 5.10% | 0.49x | Within |
| 2023-08-10 | Pre-Market | 9.20% | 13.04% | 1.42x | Exceeded |
| 2023-11-09 | Pre-Market | 8.04% | 3.85% | 0.48x | Within |
| 2024-02-29 | Pre-Market | 7.00% | 0.24% | 0.03x | Within |
| 2024-05-09 | Pre-Market | 7.49% | 2.68% | 0.36x | Within |
| 2024-08-08 | Pre-Market | 12.71% | 1.94% | 0.15x | Within |
| 2024-11-07 | Pre-Market | 8.53% | 0.77% | 0.09x | Within |
| 2025-02-27 | Pre-Market | 10.77% | 9.55% | 0.89x | Within |
| 2025-05-08 | Pre-Market | 9.54% | 7.35% | 0.77x | Within |
| 2025-08-07 | Pre-Market | 9.34% | 19.46% | 2.08x | Exceeded |
| 2025-11-06 | Pre-Market | 18.80% | 34.86% | 1.85x | Exceeded |
| 2026-02-20 | Pre-Market | 18.91% | 29.36% | 1.55x | Exceeded |
| 2026-05-04 | Pre-Market | 18.89% | 29.32% | 1.55x | Exceeded |
| 2026-08-06 | Pre-Market | 27.20% | 15.23% | 0.56x | Within |
| 2026-11-05 | Pre-Market | 31.30% | 30.93% | 0.99x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
CCOI Options Activity & IV Rank
CCOI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 156.9%
7-DTE IV: 205.6%
Expected Move: $1.88
7-DTE Move: $1.43
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 978
Put Volume: 2,339
P/C Volume: 2.392
BEARISH
Call OI: 19,729
Put OI: 36,808
P/C OI: 1.866
Total OI: 56,537
ATM Options Pricing
ATM Call: $0.68
ATM Put: $1.20
Call %: 15.5%
Put %: 27.6%
Chain Summary
Chain Volume: 3,317
Chain OI: 56,537
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 35th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
35%
vs own history
GEX tilt
-0.87
OI-weighted, today
Vanna tilt
-0.89
δ-sensitivity to IV
Charm tilt
+0.84
δ-decay vs time
Vanna tilt -0.89: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.84: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)65.6MediumNov 9
IV Rank (30 DTE)64.5MediumNov 9
Straddle Price (30 DTE)$1.88Nov 9
Beta Analysis
Risk Metrics
Beta: 2.5580
Alpha: -150.57%
Correlation: 0.3644
R-Squared: 13.3%
Stock Volatility: 96.8%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own CCOI
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $16.3M | #1271 of 6285 | +175.1% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $1.7M | #2672 of 3716 | -47.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $683K | #2482 of 3138 | -26.7% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $0K | #4655 of 4729 | -97.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CCOI Institutional Ownership (13F)
Filings for 2026-06-30 · 66 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 47,724,891 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
10 filers$16.59M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $7.21M | 43.48% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $3.41M | 20.56% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $2.07M | 12.48% | 2026-06-30 |
| 4 | Caption Management, LLC | $1.32M | 7.95% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $1.21M | 7.28% | 2026-09-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $610.72K | 3.68% | 2026-06-30 |
| 7 | Two Sigma Investments, LP Custodian | $283.15K | 1.71% | 2026-06-30 |
| 8 | Point72 Asset Management, L.P. | $191.54K | 1.15% | 2026-06-30 |
| 9 | Walleye Capital LLC | $183.22K | 1.10% | 2026-06-30 |
| 10 | Simplex Trading, LLC Custodian | $102.83K | 0.62% | 2026-09-30 |
10 filers$22.33M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.99M | 35.79% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $5.44M | 24.37% | 2026-06-30 |
| 3 | Crawford Fund Management, LLC | $2.75M | 12.32% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $1.54M | 6.90% | 2026-06-30 |
| 5 | Walleye Capital LLC | $1.20M | 5.38% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $1.19M | 5.34% | 2026-09-30 |
| 7 | WOLVERINE ASSET MANAGEMENT LLC | $1.18M | 5.30% | 2026-09-30 |
| 8 | Point72 Asset Management, L.P. | $619.05K | 2.77% | 2026-06-30 |
| 9 | GROUP ONE TRADING LLC Custodian | $205.42K | 0.92% | 2026-06-30 |
| 10 | Simplex Trading, LLC Custodian | $202.54K | 0.91% | 2026-09-30 |
CCOI Insider Trading (Form 4)
Latest: 2026-09-30Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Deneen C Howell | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Marc Montagner | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Sheryl Lynn Kennedy | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Lewis H FERGUSON | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Paul de Sa | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Steven D Brooks | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-30 | Eve N Howard | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-09-15 | Henry W Kilmer | VP OF NETWORK STRATEGY | Sell (S) | −2,400 | $9.21 | -$22.1K | EDGAR |
| 2026-09-03 | Thaddeus Gerard Weed | VICE PRESIDENT, CFO | Sell (S) | −4,850 | $9.37 | -$45.4K | EDGAR |
| 2026-07-01 | Deneen C Howell | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-07-01 | Steven D Brooks | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-07-01 | Paul de Sa | Director | Award (A) | +3,445 | — | EDGAR | |
| 2026-07-01 | Eve N Howard | Director | Award (A) | +3,445 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CCOI Insider Holdings
9 insiders · @ $4.38
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Thaddeus Gerard Weed | VICE PRESIDENT, CFO | 193,050 | $846.5K | -$45.4K | 1 | 2026-09-03 |
| 2 | Marc Montagner | Director | 103,287 | $452.9K | $0 | 1 | 2026-09-30 |
| 3 | Steven D Brooks | Director | 62,138 | $272.5K | $0 | 2 | 2026-09-30 |
| 4 | Paul de Sa | Director | 37,237 | $163.3K | $0 | 2 | 2026-09-30 |
| 5 | Henry W Kilmer | VP OF NETWORK STRATEGY | 36,200 | $158.7K | -$22.1K | 1 | 2026-09-15 |
| 6 | Deneen C Howell | Director | 35,775 | $156.9K | $0 | 2 | 2026-09-30 |
| 7 | Eve N Howard | Director | 30,751 | $134.8K | $0 | 2 | 2026-09-30 |
| 8 | Lewis H FERGUSON | Director | 27,984 | $122.7K | $0 | 1 | 2026-09-30 |
| 9 | Sheryl Lynn Kennedy | Director | 17,135 | $75.1K | $0 | 1 | 2026-09-30 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CCOI Board & Officers
As of SEC filings through Sep 30, 2026Directors 8
- Dave Schaeffer · on file since 2006
- Steven D Brooks · on file since 2006
- Lewis H FERGUSON · since Mar 29, 2007
- Sheryl Lynn Kennedy · since Nov 5, 2019
- Marc Montagner · listed since Oct 2021
- de Sa Paul (entity) · since Dec 31, 2021
- Deneen C Howell · since May 4, 2022
- Eve N Howard · since Jul 1, 2022
Officers 5
- Dave Schaeffer · Chairman, CEO, and President · listed since Dec 2009
- Thaddeus Gerard Weed · Vice President, CFO · listed since May 2023
- John B. Chang · VP & Chief Legal Officer · listed since Apr 2023
- Mark Andrew Harris · VP & Chief Revenue Officer · since Sep 2, 2025
- Henry W Kilmer · VP of Network Strategy · listed since Sep 2023
Changes in the last 10 years (30)
| Sep 2, 2025 | Mark Andrew Harris became VP & Chief Revenue Officer |
| Aug 11, 2025 | The company announced the departure of James Bubeck as Chief Revenue Officer in an SEC filing |
| Nov 27, 2024 | Dave Schaeffer no longer listed as a 10% owner in SEC filings |
| Oct 3, 2023 | Marc Montagner no longer listed as Director Nominee in SEC filings |
| Sep 8, 2023 | Henry W Kilmer listed as VP of Network Strategy (previously VP of IP Engineering) in SEC filings |
| Aug 14, 2023 | David Allen Kapp reported in an SEC filing no longer being VP & Chief Technical Officer |
| Aug 2, 2023 | Jeffrey S Danielson became VP Infrastructure |
| Jul 5, 2023 | Marc Montagner first listed as Director Nominee in an SEC filing |
| May 12, 2023 | Dave Schaeffer first listed as a 10% owner in an SEC filing |
| May 10, 2023 | Thaddeus Gerard Weed listed as Vice President, CFO (previously VP, CFO & Treasurer) in SEC filings |
| May 3, 2023 | Greg W O'Connor became VP, Chief Operating Officer |
| Apr 18, 2023 | John B. Chang listed as VP & Chief Legal Officer (previously Chief Legal Officer) in SEC filings |
| Jan 4, 2023 | John B. Chang no longer listed as a director in SEC filings |
| Jan 4, 2023 | John B. Chang first listed as Chief Legal Officer in an SEC filing |
| Sep 1, 2022 | David Allen Kapp became VP & Chief Technical Officer |
| Jul 1, 2022 | Eve N Howard became a director |
| May 4, 2022 | Deneen C Howell became a director |
| Apr 29, 2022 | The company announced the departure of Sean Robert Wallace as VP, CFO & Treasurer in an SEC filing |
| Apr 4, 2022 | John B. Chang no longer listed as VP & Chief Legal Officer in SEC filings |
| Apr 4, 2022 | John B. Chang first listed as a director in an SEC filing |
| Dec 31, 2021 | de Sa Paul became a director |
| Dec 23, 2021 | The company announced the departure of Carolyn Katz from the board in an SEC filing |
| Oct 1, 2021 | Marc Montagner first listed as a director in an SEC filing |
| Apr 1, 2021 | Marc Montagner no longer listed as a director in SEC filings |
| Dec 2, 2020 | Timothy G Oneill listed as VP Construction (previously VP Field Engineering) in SEC filings |
| May 11, 2020 | Sean Robert Wallace became VP, CFO & Treasurer |
| Mar 17, 2020 | Jean-Michel F.F. Slagmuylder became Acting Chief Financial Officer |
| Nov 5, 2019 | Sheryl Lynn Kennedy became a director |
| Nov 5, 2019 | Carolyn Katz became a director |
| Aug 7, 2019 | John B. Chang became VP & Chief Legal Officer |
Not reported recently (9)
- Blake Bath · Last reported as a director in an SEC filing dated Mar 31, 2025
- Jeffrey S Danielson · Last reported as VP Infrastructure in an SEC filing dated Aug 3, 2023
- Greg W O'Connor · Last reported as VP, Chief Operating Officer in an SEC filing dated May 3, 2023
- Raymond B Kummer · Last reported as CTO; VP Optical Transport in an SEC filing dated Jan 4, 2023
- Timothy G Oneill · Last reported as VP Construction in an SEC filing dated Jun 3, 2021
- Jean-Michel F.F. Slagmuylder · Last reported as Acting Chief Financial Officer in an SEC filing dated Mar 19, 2020
- Tim Weingarten · Last reported as a director in an SEC filing dated Oct 3, 2019
- Richard Liebhaber · Last reported as a director in an SEC filing dated Oct 2, 2019
- Robert N Beury Jr · Last reported as VP & Chief Legal Officer in an SEC filing dated May 1, 2019
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
CCOI Proposed Insider Sales (Form 144)
Latest: 2026-06-16
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-06-16 | THADDEUS WEED | Officer | 4,850 | $81.4K | 2026-06-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-06-09 | KILMER HENRY W | Officer | 2,400 | $42.1K | 2026-06-09 | Charles Schwab Corp. | — | EDGAR |
| 2026-05-28 | Lewis H FERGUSON | Director | 2,800 | $57.0K | 2026-05-28 | Benjamin F. Edwards & Co | — | EDGAR |
| 2026-05-18 | Sheryl Lynn Kennedy | Director | 3,300 | $53.4K | 2026-05-14 | RBC DOMINION SECURITIES INC. | — | EDGAR |
| 2026-03-05 | THADDEUS WEED | Officer | 4,850 | $109.8K | 2026-03-05 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-05 | KILMER HENRY W | Officer | 2,400 | $55.2K | 2026-03-05 | Charles Schwab Corp. | — | EDGAR |
| 2026-03-05 | Sheryl Lynn Kennedy | Director | 3,300 | $75.6K | 2026-03-05 | RBC DOMINION SECURITIES INC. | — | EDGAR |
| 2026-03-05 | Lewis H FERGUSON | Director | 2,206 | $50.8K | 2026-03-05 | RBC WEALTH MANAGEMENT | — | EDGAR |
| 2025-12-11 | THADDEUS WEED | Officer | 7,300 | $175.1K | 2025-12-11 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-12-03 | KILMER HENRY W | Officer | 4,800 | $96.0K | 2025-12-03 | Charles Schwab & Co | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
47 ETFs hold CCOI
25 shown · $51.29M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $11.2M | — | 2026-09-30 |
| 2 | BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | Invesco | 0.66% | $6.1M | — | 2026-11-04 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.01% | $5.1M | $76.6B | 2026-11-06 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.00% | $4.3M | — | 2026-09-30 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $4.0M | — | 2026-09-30 |
| 6 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.03% | $2.9M | — | 2026-08-31 |
| 7 | XTL State Street® SPDR® S&P® Telecom ETF | SPDR (State Street) | 0.59% | $2.4M | $407.8M | 2026-11-05 |
| 8 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.01% | $2.4M | — | 2026-09-30 |
| 9 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.01% | $2.2M | — | 2026-09-30 |
| 10 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.01% | $2.1M | — | 2026-08-31 |
| 11 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.01% | $1.9M | $13.7B | 2026-11-06 |
| 12 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.06% | $1.8M | — | 2026-07-31 |
| 13 | VOX Vanguard Communication Services ETF | Vanguard | 0.02% | $1.4M | — | 2026-09-30 |
| 14 | NUSC Nuveen ESG Small-Cap ETF | Nport | 0.05% | $628,034 | — | 2026-07-31 |
| 15 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.02% | $562,167 | $2.7B | 2026-11-06 |
| 16 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.03% | $424,758 | — | 2026-09-30 |
| 17 | FTQI First Trust Nasdaq BuyWrite Income ETF | First Trust | 0.04% | $398,999 | $952.1M | 2026-11-06 |
| 18 | IHYF Invesco High Yield Bond Factor ETF | Invesco | 0.18% | $278,549 | — | 2026-04-30 |
| 19 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $269,800 | $93.2B | 2026-11-06 |
| 20 | FCOM Fidelity MSCI Communication Services Index ETF | Fidelity | 0.02% | $240,358 | $1.5B | 2026-11-05 |
| 21 | TILT FlexShares Morningstar US Market Factor Tilt Index Fund | Nport | 0.01% | $200,502 | — | 2026-07-31 |
| 22 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $194,854 | — | 2026-08-31 |
| 23 | BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | Invesco | 0.19% | $99,135 | — | 2026-11-05 |
| 24 | RSSL Global X Russell 2000 ETF | Global X | 0.01% | $94,835 | — | 2026-11-06 |
| 25 | SYZ Lazard US Systematic Small Cap Equity ETF | Nport | 0.13% | $91,386 | — | 2026-06-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-3.54
TTM Revenue
$967.91M
TTM Net Income
$-169.67M
TTM Op. Cash Flow
$-32.10M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $239.19M | $-39.54M | $-0.83 | $14.83M |
| Q4 '25 | 2025-12-31 | $240.52M | $-30.78M | $-0.63 | $-5.99M |
| Q3 '25 | 2025-09-30 | $241.95M | $-41.54M | $-0.87 | $3.10M |
| Q2 '25 | 2025-06-30 | $246.25M | $-57.81M | $-1.21 | $-44.04M |
| Q1 '25 | 2025-03-31 | $247.05M | $-52.04M | $-1.09 | $36.35M |
| Q4 '24 | 2024-12-31 | $252.29M | $-43.32M | $-0.89 | $14.53M |
| Q3 '24 | 2024-09-30 | $257.20M | $-63.11M | $-1.33 | $-20.23M |
| Q2 '24 | 2024-06-30 | $260.44M | $-32.34M | $-0.68 | $-22.17M |
| Q1 '24 | 2024-03-31 | $266.17M | $-65.31M | $-1.38 | $19.22M |
| Q4 '23 | 2023-12-31 | $272.10M | $200.15M | $4.08 | $-48.70M |
| Q3 '23 | 2023-09-30 | $275.43M | $-56.72M | $-1.20 | $-52.43M |
| Q2 '23 | 2023-06-30 | $239.81M | $1.12B | $23.65 | $82.65M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
—
P/S
0.22
EV/EBITDA
13.74
EV/Sales
2.47
ROE
—
ROA
-5.6%
Div Yield
22.88%
FCF Yield
-15.39%
Debt/Equity
—
Current Ratio
—
Market Cap
$208.56M
as of 2026-11-09
CCOI vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| VZ Verizon Communications | $189.4B | 11.8 | +1.4% | +13.8% | 20 |
| CMCSA Comcast Corp | $86.6B | 7.7 | −0.2% | −17.2% | 33 |
| GSAT Globalstar, Inc. Common Stock | $10.9B | — | +5.9% | +34.1% | 22 |
| MSGS Madison Square Garden Sports Corp. | $9.3B | 1325.5 | +11.0% | +48.5% | — |
| IRDM Iridium Communications Inc. | $4.7B | 30.1 | +3.6% | +154.3% | 43 |
| VSNT Versant Media Group, Inc. Class A Common | $4.6B | 8.0 | — | −14.0% | 44 |
| LUMN Lumen Technologies, Inc. Common Stock | $4.1B | — | −7.7% | −45.3% | 33 |
| TDS Telephone and Data Systems Inc. | $3.8B | 62.9 | −0.8% | −17.2% | 77 |
| CCOI Cogent Communications Holdings, Inc. | $204M | — | −4.8% | −78.7% | 64 |
| Peer median | $7.0B | 21.0 | +1.4% | −0.1% | 33 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
7.11M
SI % of Float
14.51%
Days to Cover
3.79
Short Vol Ratio
56.7%
Free Float
49.00M
Float %
95.7%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-08-07