Cogent Communications said its subsidiary, Cogent Fiber, has agreed to sell 10 data center facilities for $225 million in cash to a newly formed entity sponsored by I Squared Capital. The sites are in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville and Houston. Closing is expected on the later of June 12, 2026 or the end of the HSR waiting period.
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) director Sheryl Lynn Kennedy reported an open-market sale of 3,300 shares of common stock on May 14, 2026, at an average price of $16.2177 per share. After this transaction, Kennedy directly holds 10,245 shares of common stock. The sale, detailed in a Form 4 filing, signals a net seller activity worth approximately $53,518.
Block & Leviton is investigating Cogent Communications Holdings, Inc. following a significant stock price drop of over 30% on May 4, 2026. This investigation was prompted by the company reporting a sequential decline in service revenue for the first quarter, which contradicts previous statements about revenue growth. The firm is seeking investors who suffered losses and encouraging whistleblowers to come forward.
