With 0.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. The 52-week range on CCOI shows that it touched its highest point at $86.76 and its lowest point at $43.65 during that stretch. It currently has a 1-year price target of $73.73. With its current market cap of 2.31 billion, CCOI has annualized dividend of $3.99 while the current yield stands at 8.52%. Beta for the stock currently stands at 0.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCOI was down-trending over the past week, with a drop of -4.19%, but this was down by -6.94% over a month. Three-month performance dropped to -33.85% while six-month performance fell -38.55%. The stock lost -13.83% in the past year, while it has lost -39.13% so far this year. A look at the trailing 12-month EPS for CCOI yields -4.01 with Next year EPS estimates of -2.47. For the next quarter, that number is -0.99. This implies an EPS growth rate of 10.25% for this year and 35.59% for next year.
Float and Shares Shorts:
At present, 49.34 million CCOI shares are outstanding with a float of 44.36 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCOI since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$4.59897 being high and -$4.81552 being low. For CCOI, this leads to a yearly average estimate of -$4.7124.
