CCOI
Cogent Communications Holdings, Inc.
CCOI offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
VZ
Verizon Communications Inc.
VZ has a slight edge over CCOI overall, supported by lower modeled downside.
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.
VZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
CCOI PE Valuation
CCOI has no meaningful PE right now: it lost money over the past year.
VZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $32.43 | -30% |
| Forward | 9x | $46.55 | — |
| Fair | 11x | $43.63 | -6.3% |
| Current | 12x | $46.55 | — |
| Expensive | 14x | $56.75 | +22% |
Historical ranges are pointers, not guarantees.
VZ's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 9.0x next year's earnings, in its cheap range.
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.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect VZ's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
VZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | +32% |
| Q3 2026 | $3.93 | -16% |
| Q2 2026 | $3.85 | -10% |
| Q1 2026 | $4.11 | -2.1% |
| Q4 2025 | $4.06 | -1.9% |
| Q3 2025 | $4.68 | +103% |
| Q2 2025 | $4.29 | +61% |
| Q1 2025 | $4.20 | +57% |
| Q4 2024 | $4.14 | +51% |
VZ has the edge over CCOI on earnings quality, reporting a profit while its opponent remains loss making.
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's revenue has slid since its 2023 peak: $231M last quarter, down 4.4% from the same quarter a year ago.
| 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.
VZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.3B | +1.5% |
| Q2 2026 | $34.3B | -0.7% |
| Q1 2026 | $34.4B | +2.9% |
| Q4 2025 | $36.4B | +2% |
| Q3 2025 | $33.8B | +1.5% |
| Q2 2025 | $34.5B | +5.2% |
| Q1 2025 | $33.5B | +1.5% |
| Q4 2024 | $35.7B | +1.6% |
VZ has the edge over CCOI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 21% | -2.7 points |
| Q1 2026 | 24% | +0.1 points |
| Q4 2025 | 14% | -7.1 points |
| Q3 2025 | 24% | +6.2 points |
| Q2 2025 | 24% | -0.2 points |
| Q1 2025 | 24% | +1 points |
| Q4 2024 | 21% | +19 points |
VZ has the edge over CCOI on profitability, with a higher operating margin.
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.
VZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.5B | +2.2% |
| Q2 2026 | $10.4B | +16% |
| Q1 2026 | $8B | +2.6% |
| Q4 2025 | $9.1B | -13% |
| Q3 2025 | $11.3B | +14% |
| Q2 2025 | $9B | -5.4% |
| Q1 2025 | $7.8B | +9.9% |
| Q4 2024 | $10.4B | +20% |
VZ has the edge over CCOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 |
VZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -10M shares |
| 1 year | -1.7% | -72M shares |
| 3 years | -1.3% | -55M shares |
| 5 years | +0.4% | +17M shares |
| Available history | +0.5% | +21M shares |
VZ has the edge over CCOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
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 the edge over VZ on leverage, with a lower net debt burden relative to earnings.
VZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.3x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
VZ's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
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).
VZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 44.6 | Neutral |
VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
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.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.
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 |
CCOI is in a downtrend: it's below all five of its weekly moving averages, and 92% below its 200-week average.
VZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.1 | 3.1% above |
| 20 week MA | $46.3 | 0.5% above |
| 50 week MA | $46.1 | 1.1% above |
| 100 week MA | $44.2 | 5.4% above |
| 200 week MA | $41.4 | 12% above |
VZ has the edge over CCOI on trend strength, trading above more of its moving averages.
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.
VZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.5 | $58.8 | -4.4% |
| 2021 | $58.8 | $52.7 | -10% |
| 2022 | $52.7 | $38.4 | -27% |
| 2023 | $38.4 | $37.7 | -1.8% |
| 2024 | $37.7 | $39.9 | +5.9% |
| 2025 | $39.9 | $40.5 | +1.4% |
| 2026 YTD | $40.5 | $46.6 | +15% |
VZ has the edge over CCOI on returns for 2026, with the stronger performance.