Industry Overview - The Zacks Wireless National industry is facing high capital expenditures for infrastructure upgrades, supply-chain disruptions due to geopolitical tensions, and high customer inventory levels, but is expected to benefit from accelerated 5G rollout and increased fiber densification in the long run [1][2]. Current Challenges - Increased infrastructure spending is compromising short-term margins, with aggressive promotional expenses and a decline in legacy services contributing to profit erosion [4]. - High raw material prices due to geopolitical tensions and economic sanctions are affecting operations and profitability, leading to challenges in customer retention amid price-sensitive competition [6]. Technological Advancements - Industry participants are deploying advanced 4G LTE technologies and expanding fiber optic networks to support 5G standards, enhancing coverage and speed for customers [5]. - Companies are realigning their networks towards a software-centric model to improve operational efficiencies and meet increasing business demands [7]. Market Performance - The Zacks Wireless National industry has outperformed the S&P 500, with a growth of 33.8% over the past year compared to the S&P 500's 28.5% [10]. - The industry is currently trading at a trailing 12-month EV/EBITDA of 8.7X, significantly lower than the S&P 500's 18.87X and the sector's 19.16X [11]. Key Players - Verizon Communications Inc. is witnessing significant 5G adoption and has a long-term earnings growth expectation of 3%, gaining 8.5% over the past year [13]. - U.S. Cellular is expanding its footprint and adopting unlimited plans, achieving a 55.9% gain over the past year [15]. - Cogent Communications Holdings, Inc. focuses on low-cost, high-speed Internet access and has gained 4.9% in the past year [18].

Core Insights - This week, eight companies are increasing their dividends, with an average increase of 7.1% and a median increase of 4.4% [1] Group 1: Dividend Increases - All eight companies mentioned are classified as dividend contenders, indicating a strong track record of dividend payments [1] Group 2: Investor Tools - The article promotes a platform called customstockalerts.com, which provides utilities for investors to track stock performance and receive alerts on various metrics, including dividend increases [1]

Core Insights - Cogent Communications (CCOI) reported total revenue of $257.2 million for the quarter ending September 2024, reflecting a year-over-year decline of 6.6% [4] - The analysis of international revenue trends is crucial for understanding CCOI's financial strength and growth potential in a globally interconnected economy [2][3] International Revenue Breakdown - Africa generated $0.15 million in revenue, constituting 0.06% of total revenue, which was a 10% decline from the expected $0.17 million [5] - Europe accounted for $29.3 million, or 11.39% of total revenue, exceeding expectations by 7.05% compared to the forecast of $27.37 million [6] - Oceania contributed $5.71 million, representing 2.22% of total revenue, slightly below the expected $5.72 million [7] Future Revenue Predictions - Analysts predict total revenue of $261.29 million for the current fiscal quarter, indicating a 4% decline from the prior year [8] - For the full year, total revenue is projected to reach $1.05 billion, marking an 11.5% increase from the previous year, with regional contributions expected from Africa (0.1% or $0.69 million), Europe (10.8% or $112.88 million), and Oceania (2.2% or $23.16 million) [9] Market Context - The reliance on international markets presents both opportunities and challenges for Cogent, necessitating careful analysis of revenue trends to forecast future performance [10] - The evolving earnings outlook is critical for stock price movements, with a positive correlation between upward revisions in earnings estimates and stock price increases [11]

Core Viewpoint - Cogent Communications Holdings, Inc. will present at the RBC Capital Markets 2024 Global TIMT Conference on November 20, 2024, at 9:20 a.m. ET, led by CEO Dave Schaeffer [1]. Company Overview - Cogent is a facilities-based provider of low-cost, high-speed Internet access and private network services, primarily serving bandwidth-intensive businesses [3]. - The company operates an all-optical IP network backbone across 260 markets globally [3]. - Cogent is headquartered in Washington, D.C., and can be contacted via their website or phone [3].

Cogent Communications Holdings, Inc. (CCOI) reported mixed third-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Washington, DC-based leading Internet service provider reported a top-line decline year over year, owing to weakness in net-centric and corporate business.CCOI’s Net IncomeThe company reported a net loss of $63.1 million or $1.33 per share compared wit ...

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 ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $257.2 million, with a sequential increase of $2.1 million or approximately 0.7% when excluding certain impacts [4][6] - EBITDA increased sequentially by $8.7 million, with an adjusted EBITDA margin of 23.7% compared to 40.8% in Q2 2024 [7][33] - Gross debt to trailing twelve months EBITDA as adjusted ratio was 4.94, while net debt ratio increased to 4.13 from 3.14 in the previous quarter [9][40] Business Line Data and Key Metrics Changes - Wavelength revenues increased sequentially by 45.8% to $5.3 million and 76.7% year-over-year [6][26] - IPv4 leasing revenue increased sequentially by 11.8% to $12.8 million, with a year-over-year increase of 31.5% [6][27] - Corporate business represented 45.2% of revenues, decreasing by 3.5% year-over-year and 2.8% sequentially [19] - Net-centric business represented 35.7% of revenues, decreasing by 3.2% year-over-year but growing sequentially by 0.8% [20] Market Data and Key Metrics Changes - On-net revenue was $136.5 million, a year-over-year increase of 5.8% but a sequential decrease of 3% [24] - Off-net revenue was $111.3 million, with a year-over-year decrease of 14.8% and a sequential decrease of 0.1% [25] - Non-core revenue decreased sequentially by $500,000 to $4.1 million, reflecting the decision to phase out non-core products [28] Company Strategy and Development Direction - The company expects long-term average revenue growth of 5% to 7% and adjusted EBITDA margins to expand by approximately 100 basis points annually [14][15] - The integration of the Sprint network is a priority, with a focus on optimizing wavelength services and expanding data center capabilities [50][46] - The company is actively marketing excess data center capacity and power on a wholesale basis, aiming to monetize these assets [50][51] Management's Comments on Operating Environment and Future Outlook - Management highlighted substantial traffic growth in the net-centric IP business, with an 8% sequential growth rate and 19% year-over-year growth [44][87] - The company remains optimistic about the growth potential in the wavelength business, projecting a material ramp in growth by 2025 [58] - Management acknowledged challenges in provisioning but expressed confidence in meeting customer demands and optimizing service delivery [55][90] Other Important Information - The company increased its quarterly dividend by $0.01 per share, marking the 49th consecutive increase [13] - Cash and cash equivalents at quarter-end totaled $316.1 million, with total gross debt at par including finance IRU obligations at $1.9 billion [39][40] - The average price per megabit for the installed base decreased sequentially by 8.5% to $0.23 [29] Q&A Session Summary Question: Comments on the wavelengths business and backlog growth - Management confirmed substantial increases in wavelength service endpoints and expressed confidence in meeting provisioning targets by year-end [53][54] - The backlog is expected to grow materially as the company demonstrates success in delivering wavelengths [57][58] Question: Network cost outlook and future run rates - Management indicated that overall costs will improve as unprofitable products are eliminated and one-time expenses are resolved [59][60] Question: On-net revenue decline and future contracts - The decline was attributed to a reduction in the commercial services agreement with T-Mobile and the termination of a low-margin contract [70][71] Question: Data center sales and CapEx implications - Management expects to have transactions before June 2025 and confirmed that ongoing CapEx related to data centers will not continue beyond initial conversions [96]

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 September 30, 2024 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) Delaware 46-5706863 (State or Other Jurisdiction of Inco ...

Cogent Communications (CCOI) reported $257.2 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.6%. EPS of -$1.33 for the same period compares to -$1.13 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $260.33 million, representing a surprise of -1.20%. The company delivered an EPS surprise of +0.75%, with the consensus EPS estimate being -$1.34.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Cogent Communications (CCOI) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $1.34. This compares to loss of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.75%. A quarter ago, it was expected that this internet service provider would post a loss of $1.31 per share when it actually produced a loss of $0.75, delivering a surprise of 42.75%.Over the last four quarters, t ...