Cogent (CCOI) Q1 Loss Wider Than Expected Despite Top-Line Growth [Yahoo! Finance]
Cogent Communications Holdings, Inc. (CCOI)
Last cogent communications holdings, inc. earnings: 2/27 07:00 am
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cogentco.com/en/about-cogent/investor-relations
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Source: Yahoo! Finance
CCOI reported soft first-quarter 2024 results, with both the bottom and top lines falling short of the respective Zacks Consensus Estimate. However, the Washington, DC-based leading Internet service provider reported a top-line expansion year over year, driven by solid demand trends in the net-centric business. Net Income The company reported a net loss of $65.3 million or a loss of $1.38 per share against a net income of $6.1 million or 13 cents per share in the year-ago quarter. The decline is primarily attributed to higher operating expenses. Non-GAAP loss in the reported quarter was $1.29 per share, wider than the Zacks Consensus Estimate of a loss of $1.10. Cogent Communications Holdings, Inc. Price, Consensus and EPS Surprise Cogent Communications Holdings, Inc. price-consensus-eps-surprise-chart | Cogent Communications Holdings, Inc. Quote Revenues Service revenues rose to $266.2 million from $153.6 million in the year-earlier quarter, driven by solid growth in Off-
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CCOI
News
- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) had its price target lowered by analysts at JPMorgan Chase & Co. from $73.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Understanding Cogent (CCOI) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) had its price target lowered by analysts at TD Cowen from $84.00 to $78.00. They now have a "buy" rating on the stock.MarketBeat
- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) had its price target lowered by analysts at KeyCorp from $88.00 to $80.00. They now have an "overweight" rating on the stock.MarketBeat
CCOI
Earnings
- 5/9/24 - Miss
CCOI
Sec Filings
- 5/22/24 - Form 4
- 5/21/24 - Form 144
- 5/14/24 - Form 4
- CCOI's page on the SEC website