Cogent Communications GAAP EPS of -$1.09 misses by $0.33 (CCOI:NASDAQ)

Cogent Communications (CCOI) sold 10 data centers for $225M last quarter and plans to sell 4 more for $100M in 2027. On-net revenue rose 5.8% YoY to $153.9M, while off-net revenue fell 19.5% YoY. Wavelength revenue increased 57% YoY. Cogent maintains a $100M liquidity cushion and expects 6-8% revenue growth and 200bps EBITDA margin expansion over the long term.

Cogent Communications reported 3Q 2026 revenue of $231.2M, down 4.4% YoY, with a net loss of $29.77M, improved from last year. Revenue decline was due to cancellations of low-margin customers, partly offset by growth in legacy services. Wavelength revenue increased 57.0%, while network operations expense declined 7.8%. The company suspended its dividend starting 4Q 2026.

Cogent (CCOI) reported Q3 2026 revenue of $231.2M, missing estimates by 1.6% but beating EPS expectations. Adjusted EBITDA missed slightly, while operating margin improved. Total connections declined by 3.6M year-on-year.

Cogent Communications reported Q3 2026 service revenue of $231.2M, down 4.4% YoY. Net loss narrowed to $29.8M from $41.5M YoY. Adjusted EBITDA rose 3.9% sequentially to $73.9M. On-net revenue grew 2.4% sequentially, while off-net revenue declined 9.3%. The company signed letters of intent to sell four data centers for $100M and suspended its dividend program.

COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE Cogent Contacts: For Public Relations: For Investor Relations: Jocelyn Johnson John Chang + 1 (202) 295-4299 + 1 (202) 295-4212 jajohnson@cogentco.com investor.relations@cogentco.com Cogent Communications Reports Third Quarter 2026 Results Finan

Cogent (CCOI) reported Q3 EPS of $-0.62, beating estimates by $0.15, but revenue of $231.2M missed expectations of $235.02M. The stock is down 31.55% over 3 months and 72.79% over 12 months. InvestingPro rates its financial health as 'weak performance'.