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Cogent Communications/$CCOI

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About Cogent Communications

Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Cogent's netcentric customers, which contribute nearly half of total revenue, include internet service providers and content providers, to which Cogent provides internet transit service. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking. Cogent's corporate customers are exclusively in North America and account for about 40% of the firm's revenue.
Ticker
$CCOI
Sector
Communication
Primary listing
NASDAQ
Employees
1,833

CCOI Metrics

BasicAdvanced
$372M
-
-$0.94
0.75
$0.08
1.03%

What the Analysts think about CCOI

Analyst ratings (Buy, Hold, Sell) for Cogent Communications stock.
Analyst projections of the future price of Cogent Communications stock.

Bulls say / Bears say

Cogent’s network traffic grew 16% year on year in Q2, while wavelength revenue rose 63.8%. That gives the company a growing route into AI, streaming and data-centre connectivity demand. (Cogent Communications, The Motley Fool)
The business is shifting towards its higher-margin on-net services: on-net revenue rose 6.2% year on year and adjusted EBITDA margin improved to 30.2% in Q2. Continued cost control and that mix shift could support earnings even while total revenue remains under pressure. (Cogent Communications)
Selling ten data centres brought in $224.2 million and helped reduce adjusted net leverage to 6.23 times from 6.79 times in the prior quarter. Cogent also used proceeds to buy back secured notes below par, making measurable progress on its debt burden. (Cogent Communications)
Cogent’s effort to refinance debt due in 2027 has hit a serious obstacle: an earlier refinancing effort failed to gain traction and creditors are organising ahead of negotiations. The company faces a large maturity while its financing options are under pressure. (Bloomberg Law)
Service revenue fell 4.3% year on year in Q2, and total customer connections were down 2.4%. Growth in on-net and wavelength services has not yet offset continuing declines in the acquired business and weakness in corporate connectivity. (Cogent Communications)
Free cash flow remains difficult without T-Mobile transition payments, which are due to end in about two years. At the same time, management cited equipment price increases and continued investment needs, leaving less room for error if operating performance disappoints. (The Motley Fool, Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.

CCOI Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CCOI Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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