CCOI
Cogent Communications Holdings, Inc.
CCOI lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
CCOI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Strong |
CCOI's balance sheet is currently strong, and its revenue and profitability are stable, but its cash flow is under pressure.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
CCOI PE Valuation
CCOI has no meaningful PE right now: it lost money over the past year.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
CCOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CCOI's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
CCOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.70 | +$3.36 |
| Q2 2026 | -$0.95 | +$3.57 |
| Q1 2026 | -$3.54 | +$0.45 |
| Q4 2025 | -$3.80 | +$0.48 |
| Q3 2025 | -$4.06 | -725% |
| Q2 2025 | -$4.52 | -679% |
| Q1 2025 | -$3.99 | -116% |
| Q4 2024 | -$4.28 | -116% |
CCOI is still losing money, but far less than before: $0.70 per share over the past year, against $4.52 at its worst in mid-2025.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has the edge over CCOI in the latest year-over-year earnings comparison.
CCOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $231.2M | -4.4% |
| Q2 2026 | $235.6M | -4.3% |
| Q1 2026 | $239.2M | -3.2% |
| Q4 2025 | $240.5M | -4.7% |
| Q3 2025 | $241.9M | -5.9% |
| Q2 2025 | $246.2M | -5.5% |
| Q1 2025 | $247M | -7.2% |
| Q4 2024 | $252.3M | -7.3% |
CCOI has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3% | +4.5 points |
| Q2 2026 | 50% | +63 points |
| Q1 2026 | -5.7% | +11 points |
| Q4 2025 | -4.7% | +8.5 points |
| Q3 2025 | -7.5% | +15 points |
| Q2 2025 | -13% | +5.3 points |
| Q1 2025 | -16% | +6 points |
| Q4 2024 | -13% | +12 points |
CCOI's operating margin was −3% last quarter, up 4.5 points from the same quarter a year ago.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
CCOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$32.5M | +$628K |
| Q2 2026 | -$35.3M | +$64.9M |
| Q1 2026 | -$31.4M | -$9.7M |
| Q4 2025 | -$43M | -$11.5M |
| Q3 2025 | -$33.2M | +$46.3M |
| Q2 2025 | -$100.2M | -$29.3M |
| Q1 2025 | -$21.7M | -$73K |
| Q4 2024 | -$31.6M | +$60.7M |
CCOI has burned cash in eight of the last eight quarters: −$142M over the past year, against −$187M the year before.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
CCOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -427K shares |
| 1 year | +0.8% | +398K shares |
| 3 years | +1.6% | +774K shares |
| 5 years | +2.4% | +1.1M shares |
| Available history | +4% | +1.9M shares |
CCOI has 48M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | $105.8M |
| Q4 2025 | — |
| Q3 2025 | $5.2M |
| Q2 2025 | $11.5M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2020 | $4.2M |
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over CCOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
CCOI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | 9.4x | High |
| Q3 2023 | -0.7x | Net Cash |
| Q2 2023 | -1.1x | Net Cash |
| Q1 2023 | -0.9x | Net Cash |
| Q4 2022 | 3.5x | Elevated |
CCOI has more cash than debt.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
CCOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.2 | Oversold |
| Stochastic | 3.5 | Oversold |
CCOI's weekly RSI is 26 (oversold) and its Stochastic is 4 (oversold).
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
CCOI PE vs Communication Services Sector
| Metric | CCOI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
CCOI has no meaningful PE right now: it lost money over the past year.
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
CCOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.86 | 43% below |
| 20 week MA | $9.25 | 58% below |
| 50 week MA | $15.9 | 75% below |
| 100 week MA | $33.8 | 88% below |
| 200 week MA | $50.9 | 92% below |
NBIS has stronger trend alignment. CCOI is above 0 of 5 weekly averages versus NBIS above 1 of 4.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
NBIS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 17% above its 100-week average.
CCOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.6 | $59.6 | -9.2% |
| 2021 | $59.6 | $73.6 | +24% |
| 2022 | $73.6 | $57.2 | -22% |
| 2023 | $57.2 | $76.1 | +33% |
| 2024 | $76.1 | $75.8 | -0.4% |
| 2025 | $75.8 | $22.6 | -70% |
| 2026 YTD | $22.6 | $3.92 | -83% |
CCOI has finished lower in four of the last six years. It's down 83% so far in 2026.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has the edge over CCOI on returns for 2026, with the stronger performance.