Cogent Communications plunges after Q1 revenue miss

Cogent Communications Holdings

04/05/2026 14:13

** Shares of internet provider Cogent Communications CCOI.O down 27.7% at $16.75 premarket

** Co posted Q1 revenue of $231.9 mln, below analysts' average estimates of $241.9 mln - data compiled by LSEG

** Off-net revenue fell 4.2% sequentially and 17.0% yr/yr, reflecting continued reduction in off-net customers and connections

** However, Q1 basic loss per share of $0.83, beat analyst est. of loss per share of $1

** Four out of 12 analysts rate stock "buy" or higher, seven rate it "hold", one "sell"; median PT at $23 - data compiled by LSEG

** As of last close, CCOI stock up 7.4% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))