Financial Data and Key Metrics Changes - Cogent Communications has returned approximately $1.7 billion to investors through buybacks and dividends, with a current dividend growth rate reduced to $0.005 per share due to increased leverage from the Sprint asset integration [4][5][7] - The company anticipates deleveraging quickly, with leverage expected to peak in Q3 2025 before beginning to decline [5][6] Business Line Data and Key Metrics Changes - The Waves business has faced delays, with a target of 800 data centers wave-enabled by the end of 2024, achieving 802 by year-end [24][51] - The installed base for Waves grew by approximately 18% sequentially in Q1 2025, with a focus on improving installation timelines [26][31] Market Data and Key Metrics Changes - The company has engaged with around 150 counterparties regarding the sale of 24 data centers, with four parties progressing to contract negotiations [12][14] - The market for wavelengths is described as more diffused than initially expected, with a revised target of reaching a $500 million annualized revenue run rate by mid-2028 [51] Company Strategy and Development Direction - Cogent is focused on maximizing value through potential sales or leases of data centers, with a balanced approach to capital allocation between dividends and buybacks [8][17] - The company aims to build credibility with customers in the Waves market, with plans to increase service delivery capabilities as demand grows [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the Waves business but remains optimistic about achieving a $100 million annualized revenue rate by Q4 2025 [52] - The company is adapting to customer feedback and market conditions, particularly in the context of AI and its impact on demand for wavelengths [39][40] Other Important Information - The company has significant net operating losses (NOLs) in Europe, which may influence tax implications from potential sales of data centers [17] - The competitive landscape is evolving, with competitors responding to Cogent's claims of faster provisioning times [44][45] Q&A Session Summary Question: Is the current dividend growth rate a permanent change? - Management views the reduction in dividend growth as temporary during the deleveraging period, with plans to reaccelerate growth once leverage is reduced [7] Question: What is the status of data center sales? - Management confirmed ongoing discussions with multiple parties, with a focus on maximizing value through either sales or leases [12][14] Question: What are the challenges faced in the Waves business? - Management acknowledged a stale sales funnel and the need to build credibility with customers regarding installation timelines [22][26] Question: What are the updated revenue targets for the Waves business? - The company maintains a target of reaching a $500 million annualized revenue run rate by mid-2028, despite current delays [51]

Cogent Communications (CCOI) Conference May 14, 2025 08:00 AM ET Speaker0 One. Thanks for joining us. For those of you who don't know me, I'm Nick Del Deo. I come with Digital Infrastructure at MoffettNathanson, and I'm thrilled to be kicking off our twenty twenty five media Internet and communications conference. It's our it's our twelfth one of these over the years. Joining us. This is our commercial fiber panel, and I'm thrilled to have two phenomenal speakers with us. To my left is Dave Schafer, the fou ...

Cogent Communications (CCOI) FY Conference May 13, 2025 11:30 AM ET Speaker0 Good morning. My name is Sebastiano Petty, I cover the communications sector here at JPMorgan. It's my pleasure to introduce Dave Schaefer, founder and CEO of Cogent Communications. Dave, thanks for joining us today. Speaker1 Hey, thank you for inviting me, Sebastiano. I'd like to thank all the investors for taking time to hear a little bit about Cogent. And as always thank JPMorgan for a great venue. Speaker0 Awesome. Well thank y ...

NASDAQ CCOI INVESTOR PRESENTATION Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future, not past, events and are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as: "will", "expect", "believe", "continue ", "optimistic", "shou ...

Cogent Communications Inc. (CCOI) reported soft first-quarter 2025 results, with the bottom and top lines missing the Zacks Consensus Estimate. The Washington, DC-based leading Internet service provider reported a top-line decline year over year, owing to weakness in enterprise and corporate business.CCOI’s Net IncomeThe company reported a net loss of $52 million or a loss of $1.09 per share compared with a net loss of $65.3 million or a loss of $1.38 in the year-ago quarter. Despite top-line decline, lower ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organizatio ...

Cogent Communications (CCOI) reported $247.05 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 7.2%. EPS of -$1.09 for the same period compares to -$1.29 a year ago.The reported revenue represents a surprise of -1.25% over the Zacks Consensus Estimate of $250.18 million. With the consensus EPS estimate being -$1.05, the EPS surprise was -3.81%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Cogent Communications (CCOI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Dave Schaeffer - Founder and CEOTad Weed - CFOAlexander Waters - Vice President, Equity Research - Communications InfrastructureWalter Piecyk - General PartnerChristopher Schoell - Equity Research AssociateNick Del Deo - Managing DirectorTimothy Horan - Managing Director Conference Call Participants None - AnalystGreg Williams - AnalystMichael Rollins - Analyst Operator Good morning, and welcome to the Cogent Co ...

Cogent Communications (CCOI) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good morning, and welcome to the Cogent Communications Holdings First Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference call is being recorded, and it will be available for replay at www.cogentco.com. A transcript of this conference call will be posted on Cogent's website when it becomes available. Cogent's summary of financial and operational results attached to its press release can be do ...

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 Communications Reports First Quarter Results and Increases its Regular Quarterly Dividend on its Common Stock Financial and Business Highlights Page 1 of 20 · Service revenue was $247.0 million for Q1 2025 and was $252.3 million for Q4 2024. o Revenue from leasing IPv4 addresses increas ...