Cogent Q2 adjusted EBITDA misses estimates

Cogent Communications Holdings

06/08/2026 12:09

Overview
U.S. internet service provider's Q2 adjusted EBITDA missed analyst expectations
Company repurchased $20.4 mln of 2032 secured notes at a discount during Q2

Outlook
Company did not provide specific financial guidance for future periods in press release

Result Drivers
SERVICE REVENUE DECLINE - Co said Q2 service revenue fell 1.5% sequentially and 4.3% year-over-year, partly due to negative foreign exchange impacts
OFF-NET WEAKNESS - Off-net revenue dropped 5.1% sequentially and 17.3% year-over-year, reflecting continued declines in off-net customer connections

Company press release: ID:nPn9024lPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITDA
Miss
$71.10 mln
$75.30 mln (10 Analysts)
Q2 Gross Margin
 
24.50%
 
Q2 Basic EPS
Beat
$1.39
-$0.97 (11 Analysts)
Q2 Adjusted Gross Margin
 
47.00%
 
Q2 Adjusted Gross Profit
 
$110.65 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Cogent Communications Holdings Inc is $19.00, about 47.6% above its August 5 closing price of $12.87

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)