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- CCOI's revenue growth has slightly outpaced the industry average of 3.5%. Since the same quarter one year prior, revenues slightly increased by 4.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, CCOI's share price has jumped by 40.46%, exceeding the performance of the broader market during that same time frame. Although CCOI had significant growth over the past year, our hold rating indicates that we do not recommend additional investment in this stock at the current time.
- The gross profit margin for COGENT COMMUNICATIONS GRP is rather high; currently it is at 54.40%. Regardless of CCOI's high profit margin, it has managed to decrease from the same period last year.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Diversified Telecommunication Services industry and the overall market, COGENT COMMUNICATIONS GRP's return on equity significantly trails that of both the industry average and the S&P 500.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Diversified Telecommunication Services industry. The net income has significantly decreased by 105.1% when compared to the same quarter one year ago, falling from $5.42 million to -$0.28 million.
-- Written by a member of TheStreet Ratings Staff
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