$CCOI

Cogent Communications (CCOI) shares fell about 11% after a weak Q2 report and Goldman Sachs cut its price target to $12 from $16, keeping a Neutral stance. The company missed revenue and EBITDA, citing Sprint-related churn, delayed customer orders, and higher costs, with light wavelength growth and EBITDA. Shares closed at $9.92, down 9.1%.

Cogent Communications (NASDAQ:CCOI) reported Q2 CY2026 revenue of $235.6 million, down 4.3% year on year and below market expectations. GAAP EPS was $1.38, above analysts’ consensus. The article also cites adjusted operating margin of 53.7% in Q2 and expects revenue growth of 2.4% over the next 12 months.

COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2622093d1_ex99-1.htm EXHIBIT 99.1 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 Communica

Cogent Communications Holdings (NASDAQ: CCOI) reported Q2 2026 service revenue of $235.6 million, down 1.5% from Q1 2026 and 4.3% from Q2 2025. Adjusted EBITDA was $71.1 million (margin 30.2%). The company sold 10 data centers for net proceeds of $224.2 million, generating a $130.7 million gain. It approved a $0.02 quarterly dividend and ended Q2 with $369.7 million cash.

Cogent Communications (NASDAQ: CCOI) will report Q2 results Thursday before market open. The article notes last quarter’s revenue was $239.2 million, down 3.2% YoY, and EPS beat estimates. For Q2, analysts expect revenue to fall 2.7% YoY. It cites an average analyst price target of $21.27 versus a $13.33 share price.

Kessler Topaz Meltzer & Check says a securities fraud class action was filed against Cogent Communications Holdings (NASDAQ: CCOI) in the U.S. District Court for the District of Columbia. The suit targets investors who bought CCOI shares from Feb. 29, 2024 to May 1, 2026, with a Sept. 21, 2026 lead-plaintiff deadline. Allegations include misleading optical wavelength backlog and demand disclosures, and a May 4, 2026 stock drop of $6.79 (29%) to $16.37 after further underperformance disclosure.

Cogent Communications (CCOI) said its Cogent Fiber unit closed the sale of 10 data center facilities for $225 million in cash to an I Squared Capital–sponsored entity on June 29. Analysts’ consensus rating is Hold, with an average price target implying 63.74% upside. The asset sale is framed as part of Cogent’s network-focused turnaround.

Cogent Communications (CCOI) shares rose after the company said it completed the sale of 10 data center facilities for $225 million in cash. The deal, executed by Cogent Fiber LLC and sold to an entity sponsored by I Squared Capital, provided a cash infusion. Stock later traded around $13.44, up 2.2% from the prior close.

COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-4.1 2 tm2617890d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 FIRST SUPPLEMENTAL INDENTURE Dated as of June 15, 2026 among COGENT COMMUNICATIONS GROUP, LLC and COGENT FINANCE, INC., as the Issuers, the Guarantors party hereto and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee 6.500%

Cogent Communications (NASDAQ:CCOI) said a pending sale of 10 data-center facilities to I Squared Capital is expected to close by June 12, after a prior deal fell through over financing. The price implies about $4.3 million per MW gross inbound power. Cogent has 14 remaining facilities (56 MW gross, ~40 MW net usable). Q1 capex was $46 million; capex pressures were linked to equipment cost drivers and AI-driven demand.