PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q1 2025, detailing balance sheets, comprehensive loss, cash flows, and notes, highlighting a **$52.0 million** net loss and **$3.12 billion** in total assets [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$3.12 billion** by March 31, 2025, while total liabilities slightly increased, and stockholders' equity declined to **$142.8 million** Balance Sheet Items (In thousands) | Balance Sheet Items (In thousands) | March 31, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $422,681 | $482,101 | | **Total Assets** | **$3,120,722** | **$3,173,102** | | **Total Current Liabilities** | $283,424 | $253,336 | | **Total Liabilities** | **$2,977,878** | **$2,950,254** | | **Total Stockholders' Equity** | **$142,844** | **$222,848** | [Condensed Consolidated Statements of Comprehensive Loss](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) The company reported a **net loss of $52.0 million** for Q1 2025, an improvement from the prior year, with service revenue decreasing to **$247.0 million** Income Statement Items (In thousands, except per share data) | Income Statement Items (In thousands, except per share data) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Service revenue | $247,048 | $266,168 | | Total operating expenses | $287,340 | $325,557 | | Operating loss | $(40,292) | $(59,389) | | Net loss | **$(52,042)** | **$(65,307)** | | Basic net loss per common share | **$(1.09)** | **$(1.38)** | | Diluted net loss per common share | **$(1.09)** | **$(1.38)** | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased to **$36.4 million** in Q1 2025, while investing activities shifted to a **$33.1 million** outflow, and financing cash use rose Cash Flow Items (In thousands) | Cash Flow Items (In thousands) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $36,351 | $19,219 | | Net cash (used in) provided by investing activities | $(33,088) | $50,951 | | Net cash used in financing activities | $(57,015) | $(23,549) | | Net (decrease) increase in cash | **$(43,946)** | **$49,493** | [Notes to Interim Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Interim%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, the **$1.4 billion** Sprint acquisition bargain purchase gain, the **$700 million** T-Mobile IP Transit Agreement, and various debt instruments - The acquisition of the Sprint Business on May 1, 2023, was accounted for as a business combination, resulting in a bargain purchase gain of **$1.4 billion**[21](index=21&type=chunk)[36](index=36&type=chunk)[41](index=41&type=chunk) - The **$700 million** in payments from T-Mobile under the IP Transit Services Agreement is recognized as consideration for the acquisition of a distressed business, not as service revenue under ASC 606[26](index=26&type=chunk)[27](index=27&type=chunk) - As of March 31, 2025, the company had outstanding debt including **$500.0 million** of 2026 Notes, **$450.0 million** of 2027 Notes, **$300.0 million** of 2027 Mirror Notes, and **$206.0 million** of IPv4 Notes[71](index=71&type=chunk) - Subsequent to the quarter end, on April 11, 2025, the company issued an additional **$174.4 million** of secured IPv4 notes[106](index=106&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, including a **7.2% service revenue decline**, Sprint Business integration, strategic initiatives, and liquidity management [Acquisition of Sprint Communications](index=33&type=section&id=Acquisition%20of%20Sprint%20Communications) Details the Sprint Business acquisition, including a **$1** purchase price, a **$61.1 million** working capital payment, and the **$700 million** T-Mobile IP Transit Services Agreement - The acquisition of the Sprint Business closed on May 1, 2023, for a purchase price of **$1**, plus a working capital adjustment payment of **$61.1 million** made to the seller[114](index=114&type=chunk)[115](index=115&type=chunk) - Cogent will receive an aggregate of **$700 million** from T-Mobile under an IP Transit Services Agreement, consisting of **$29.2 million** per month for the first year and **$8.3 million** per month for the subsequent 42 months[117](index=117&type=chunk) - A Transition Services Agreement (TSA) is in place for up to two years to ensure an orderly transition, with costs for services generally passed through between the parties[119](index=119&type=chunk)[120](index=120&type=chunk) [Our Strategy](index=41&type=section&id=Our%20Strategy) Strategy focuses on expanding customer base, growing wavelength services in **883 data centers**, repurposing Sprint facilities, and monetizing **38 million IPv4 addresses** - Focus on growing the corporate customer base and expanding business with larger enterprise customers acquired from Sprint[135](index=135&type=chunk)[136](index=136&type=chunk) - Expand product offerings with Wavelength (optical transport) services, now available in **883 data centers** in the US, Mexico, and Canada[142](index=142&type=chunk) - Expand the data center footprint by converting former Sprint facilities into Cogent data centers[143](index=143&type=chunk) - Increase leasing of its approximately **38 million IPv4 addresses** to monetize this asset[144](index=144&type=chunk) [Results of Operations](index=45&type=section&id=Results%20of%20Operations) Q1 2025 service revenue decreased **7.2%** to **$247.0 million** due to customer cancellations, offset by **114.0%** Wavelength revenue growth, while expenses declined Key Financial Metrics (In thousands) | Key Financial Metrics (In thousands) | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Service revenue | $247,048 | $266,168 | (7.2)% | | Network operations expenses | $137,439 | $168,933 | (18.6)% | | SG&A expenses | $73,863 | $76,696 | (3.7)% | Revenue by Connection Type (In thousands) | Revenue by Connection Type (In thousands) | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | On-net | $129,628 | $138,624 | (6.5)% | | Off-net | $107,274 | $118,178 | (9.2)% | | Wavelength | $7,119 | $3,327 | 114.0% | | Non-core | $3,027 | $6,039 | (49.9)% | - The decrease in total service revenue was primarily driven by the cancellation of low-margin and non-core customers acquired with the Sprint Business[149](index=149&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity relies on operations, cash, and T-Mobile payments; **$184.0 million** cash as of March 31, 2025, with **$174.4 million** new IPv4 notes issued post-quarter - The **$700 million** in payments from the T-Mobile IP Transit Services Agreement is intended to offset the initial negative cash flow and operating losses from the acquired Sprint Business[175](index=175&type=chunk)[176](index=176&type=chunk) - In April 2025, the company issued **$174.4 million** in new secured IPv4 notes, with net proceeds of **$170.5 million**, of which **$97.9 million** was unrestricted[178](index=178&type=chunk)[193](index=193&type=chunk) - As of March 31, 2025, the company had cash, cash equivalents, and restricted cash of **$184.0 million**[193](index=193&type=chunk) - The Board of Directors approved a quarterly dividend of **$1.01** per share, estimated at **$48.2 million**, to be paid on June 6, 2025[208](index=208&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk exposures have occurred since the 2024 Annual Report on Form 10-K filing - Management confirms no material changes to market risk exposures since the 2024 year-end 10-K filing[216](index=216&type=chunk) [Item 4. Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during Q1 2025 - Management concluded that disclosure controls and procedures were effective as of the end of the reporting period[218](index=218&type=chunk) - There were no material changes to the company's internal control over financial reporting during the most recent fiscal quarter[219](index=219&type=chunk) PART II OTHER INFORMATION [Item 1. Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to materially impact financial condition or operations - The company is involved in ordinary course legal proceedings which are not expected to have a material impact on its operations[222](index=222&type=chunk) [Item 1A. Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors have occurred since the 2024 Annual Report on Form 10-K filing - Management confirms no material changes to its risk factors since the 2024 year-end 10-K filing[223](index=223&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The stock buyback program had **$22.4 million** remaining as of March 31, 2025, with **$5.0 million** in shares repurchased in April 2025 - As of March 31, 2025, **$22.4 million** remained available under the company's stock buyback program[224](index=224&type=chunk) - No common stock was repurchased during the three months ended March 31, 2025[224](index=224&type=chunk) - Subsequent to the quarter, in April 2025, the company purchased **94,856 shares** for **$5.0 million**[207](index=207&type=chunk) [Item 5. Other Information](index=45&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during Q1 2025 - No director or officer adopted or terminated a Rule 10b5-1 trading plan during Q1 2025[225](index=225&type=chunk) [Item 6. Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including debt agreement supplements, an amendment to the CEO's employment agreement, and certifications - The report includes several exhibits, such as supplements to debt agreements (4.1, 4.2), an amendment to the CEO's employment agreement (10.1), and required certifications (31.1, 31.2, 32.1, 32.2)[227](index=227&type=chunk)

Core Insights - Cogent Communications reported revenue of $247.05 million for Q1 2025, reflecting a year-over-year decline of 7.2% and an EPS of -$1.09, an improvement from -$1.29 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $250.18 million by 1.25%, while the EPS was also below the consensus estimate of -$1.05 by 3.81% [1] Financial Performance Metrics - Total customer connections were 120,731, below the average estimate of 124,494 [4] - On-net customer connections were 86,781, compared to the estimate of 87,842 [4] - Off-net customer connections were 27,508, below the estimate of 30,698 [4] - Non-core customer connections were 5,120, compared to the estimate of 5,576 [4] - Total on-net buildings reached 3,500, slightly below the estimate of 3,481 [4] Revenue Breakdown - Corporate revenue was $110.69 million, down 11.4% year-over-year, and below the estimate of $111.50 million [4] - Enterprise revenue was $43.75 million, a decline of 11.3% year-over-year, compared to the estimate of $44.93 million [4] - Net-centric revenue was $92.62 million, showing a slight increase of 0.7% year-over-year, but below the estimate of $93.76 million [4] - Wavelength revenue surged to $7.12 million, a significant increase of 114% year-over-year, but below the estimate of $8.03 million [4] - Non-core service revenue was $3.03 million, a drastic decline of 49.9% year-over-year, compared to the estimate of $3.58 million [4] - On-net service revenue was $129.63 million, down 6.5% year-over-year, slightly below the estimate of $130.42 million [4] - Off-net service revenue was $107.27 million, down 9.2% year-over-year, compared to the estimate of $108.95 million [4] Stock Performance - Cogent's shares have returned -1.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 11.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Revenue for the quarter was $247 million, with an adjusted EBITDA of $68.8 million, reflecting a $1.9 million increase and an adjusted EBITDA margin of 27.8%, up 130 basis points sequentially [17][18] - IPv4 leasing revenue increased sequentially by 14.8% to $14.4 million and increased 42% year over year, with average revenue per IPv4 address sold rising to $0.49, a 63% increase from the beginning of the year [8][10] - Gross margin increased by 790 basis points to 44.6%, with cost of goods sold declining from $31.6 million in the first quarter of the previous year [10] Business Line Data and Key Metrics Changes - Wavelength revenues for the quarter were $7.1 million, a 14% increase year over year, with a sequential increase of 2.2% [6] - Corporate business represented 44.9% of revenues, decreasing 11.4% year over year and 2.1% sequentially, primarily due to the grooming of low-margin off-net connections [20] - NetCentric business represented 37.5% of revenues, increasing 0.7% year over year but declining 1.1% sequentially, impacted by a decline in revenue from a commercial services agreement with T-Mobile [21] Market Data and Key Metrics Changes - On-net revenue was $129.6 million, a year-over-year decrease of 6.5% but a sequential increase of $900,000 [22] - Off-net revenue was $107.3 million, a year-over-year decrease of 9.2% and a sequential decrease of 5.2% [23] - Average price per megabit for the installed base decreased sequentially by 6% to $0.20 and decreased by 25% year over year [23] Company Strategy and Development Direction - The company aims to capture 25% of the North American wavelength market within three years and anticipates achieving a minimum of $20 million in additional cost savings through Q2 2026 [7][10] - The long-term annual revenue growth rate is adjusted to 6% to 8%, with EBITDA margin expansion targeted at 50 basis points annually [14] - The company is focused on integrating the former Sprint network and legacy Cogent network into a unified network, with plans to convert Sprint facilities into Cogent data centers [26] Management's Comments on Operating Environment and Future Outlook - Management expects to return to total top-line revenue growth by mid-Q3 2025, following the completion of the grooming of undesirable revenues from Sprint contracts [15][40] - The company acknowledges increased leverage due to recent activities but remains committed to returning capital to shareholders through dividends and buybacks [14][49] - Management expressed confidence in the wavelength business, citing a rebuilt funnel of 3,433 wavelength opportunities and a target of reaching 10,000 by year-end [7][52] Other Important Information - The company repurchased approximately 100,000 shares for about $5 million under its stock buyback program, with $17.4 million remaining available [12] - Total gross debt at par was $2 billion, with a net debt of $1.8 billion, and a gross debt to EBITDA ratio of 6.69 at quarter-end [28] Q&A Session Summary Question: Changes in competition within the Waves business - Management noted that primary competitors in the wavelength market have struggled with provisioning, giving Cogent a competitive advantage [36] Question: Update on corporate revenue trends - Management indicated that undesirable revenue from Sprint has been largely purged, and they expect corporate revenue to grow by mid-Q3 2025 [40] Question: Dividend growth and milestones for returning to growth - Management stated that the board is committed to returning capital to shareholders and will evaluate the pace of deleveraging to potentially return to dividend growth [49] Question: Wavelength ARPU trends - Management expects wavelength ARPU to stabilize around $1,900 to $2,000 as the base continues to grow [60] Question: Data center monetization timing and scale - Management is actively negotiating contracts for surplus capacity and is motivated to sell as it would aid in deleveraging [62]

Financial Data and Key Metrics Changes - Revenue for the quarter was $247 million, with an adjusted EBITDA of $68.8 million, reflecting a $1.9 million increase and an adjusted EBITDA margin of 27.8%, up 130 basis points sequentially [16][17] - IPv4 leasing revenue increased sequentially by 14.8% to $14.4 million and increased 42% year over year, with average revenue per IPv4 address sold rising to $0.49, a 63% increase from the beginning of the year [7][8] - Gross margin increased by 790 basis points to 44.6%, with cost of goods sold declining from $31.6 million in the first quarter of the previous year [8] Business Line Data and Key Metrics Changes - Wavelength revenues for the quarter were $7.1 million, a 14% increase year over year, with a sequential increase of 2.2% [5] - Corporate business represented 44.9% of revenues, decreasing 11.4% year over year and 2.1% sequentially, primarily due to the grooming of low-margin off-net connections [18] - NetCentric business represented 37.5% of revenues, increasing 0.7% year over year but declining 1.1% sequentially, impacted by a decline in revenue from a commercial services agreement with T-Mobile [20] Market Data and Key Metrics Changes - On-net revenue was $129.6 million, a year-over-year decrease of 6.5% but a sequential increase of $900,000 or 0.7% [21] - Off-net revenue was $107.3 million, a year-over-year decrease of 9.2% and a sequential decrease of 5.2% [22] - Revenue earned outside the United States was about 18% of total revenues, with foreign exchange impacts noted [24] Company Strategy and Development Direction - The company aims to capture 25% of the North American wavelength market within three years and anticipates achieving a minimum of $20 million in additional cost savings through Q2 2026 [6][8] - Long-term annual revenue growth rates have been adjusted to 6% to 8%, with EBITDA margin expansion targeted at 50 basis points annually [13] - The company is focused on integrating the former Sprint network and legacy Cogent network into a unified network, with ongoing data center conversion programs [25] Management's Comments on Operating Environment and Future Outlook - Management expects to return to total top-line revenue growth by mid-Q3 2025, following the completion of the undesirable revenue purge from Sprint contracts [14][38] - The company acknowledges increased leverage due to recent activities but remains committed to returning capital to shareholders as leverage decreases [42] - Management expressed confidence in the wavelength business trajectory and the quality of the sales funnel, anticipating a funnel growth to 10,000 unique opportunities by year-end [47][81] Other Important Information - The company repurchased approximately 100,000 shares for about $5 million under its stock buyback program, with $17.4 million remaining available [11] - Total CapEx for the quarter was $58.1 million, with a focus on network integration and data center conversion [25][26] Q&A Session Summary Question: Changes in competition within the Wavelength business - Management noted that primary competitors have struggled with provisioning, giving Cogent a competitive advantage in the market [34][36] Question: Update on corporate revenue trends - Management indicated that undesirable revenue from Sprint has been largely purged, and they expect corporate revenue growth to resume by mid-Q3 2025 [38] Question: Dividend growth and leverage targets - The board is committed to returning capital to shareholders and will evaluate the pace of deleveraging to potentially return to dividend growth [42][43] Question: Wavelength ARPU trends - Management expects wavelength ARPU to stabilize around $1,900 to $2,000 as the base continues to grow [55] Question: Data center monetization timing and scale - The company is actively engaging in negotiations for surplus capacity and is motivated to sell this capacity to aid in deleveraging [57]

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 ...

Financial Performance - Cogent Communications reported service revenue of $247.0 million for Q1 2025, a decrease of 2.1% from Q4 2024 and a decrease of 7.2% from Q1 2024 [2] - On-net revenue was $129.6 million for Q1 2025, an increase of 0.7% from Q4 2024 but a decrease of 6.5% from Q1 2024 [4] - Off-net revenue was $107.3 million for Q1 2025, a decrease of 5.2% from Q4 2024 and a decrease of 9.2% from Q1 2024 [5] - Wavelength revenue increased to $7.1 million for Q1 2025, up 2.2% sequentially and up 114.0% year-over-year [6][16] - Non-core revenue was $3.0 million for Q1 2025, down from $3.4 million in Q4 2024 and $6.0 million in Q1 2024 [7] Profitability Metrics - GAAP gross profit increased by 27.4% to $33.6 million for Q1 2025 compared to Q4 2024 and increased by 12.5% from Q1 2024 [8] - GAAP gross margin was 13.6% for Q1 2025, up from 11.8% in Q4 2024 and 9.9% in Q1 2024 [9] - Non-GAAP gross profit increased by 12.8% to $110.1 million for Q1 2025 compared to Q4 2024 and also increased by 12.8% from Q1 2024 [10] - Non-GAAP gross margin was 44.6% for Q1 2025, compared to 38.7% for Q4 2024 and 36.7% for Q1 2024 [11] Cash Flow and Expenses - Net cash provided by operating activities was $36.4 million for Q1 2025, significantly up from $14.5 million in Q4 2024 and $19.2 million in Q1 2024 [11] - Selling, general and administrative expenses (SG&A) were $66.3 million for Q1 2025, an increase of 19.0% from Q4 2024 but a decrease of 5.4% from Q1 2024 [13] Customer Metrics - Total customer connections decreased by 9.1% year-over-year to 120,731 as of March 31, 2025, and decreased by 2.1% from December 31, 2024 [20] - On-net customer connections decreased by 0.9% year-over-year to 86,781, while off-net customer connections decreased by 20.4% year-over-year to 27,508 [20] - Wavelength customer connections increased by 18.2% sequentially to 1,322 as of March 31, 2025 [20] Strategic Developments - Cogent entered into a Commercial Agreement with T-Mobile for colocation and connectivity services, generating $0.7 million in revenue for Q1 2025 [2] - The company closed its issuance of $174.4 million of its 6.6% IPv4 Securitized Notes on April 11, 2025 [16] - Cogent approved a quarterly dividend increase to $1.01 per share for Q2 2025, marking the fifty-first consecutive quarterly dividend increase [23]

Core Insights - Cogent Communications (CCOI) is expected to report a quarterly loss of $1.05 per share, marking an 18.6% increase in losses compared to the same period last year [1] - Analysts forecast revenues of $250.18 million, reflecting a 6% year-over-year decline [1] - The consensus EPS estimate has been adjusted downward by 2.7% over the past 30 days, indicating a reassessment of projections by analysts [1][2] Revenue Projections - Corporate Revenue is projected to reach $111.50 million, indicating a year-over-year decrease of 10.7% [4] - Revenue from Enterprise is estimated at $44.93 million, suggesting an 8.9% decline year over year [4] - Net-Centric Revenue is expected to be $93.76 million, showing a slight increase of 1.9% year over year [4] Customer Connections - Revenue from Wavelength is predicted at $8.03 million, representing a significant increase of 141.5% from the previous year [5] - Customer Connections - On-net are expected to total 87,842, slightly up from 87,574 year over year [5] - Customer Connections - Non-Core are projected to be 5,576, down from 10,037 in the same quarter last year [6] Additional Metrics - Customer Connections - Off-net are expected to reach 30,698, down from 34,579 year over year [6] - Total Customer Connections are estimated at 124,494, compared to 132,883 in the same quarter last year [7] - ARPU - Off-Net is projected at $1,519.07, up from $1,106 year over year [7] On-Net Metrics - Total On-Net buildings are expected to reach 3,481, compared to 3,321 in the same quarter last year [8] - ARPU - On-Net is estimated at $546.31, slightly up from $525 year over year [8] - Net Adds - Total On-Net Buildings are projected to be 28, down from 44 year over year [8] Stock Performance - Over the past month, Cogent shares have returned +8.6%, compared to the S&P 500 composite's +10.6% [9] - The company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [9]

Cogent Communications (CCOI) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Ma ...

WASHINGTON, April 22, 2025 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on May 8, 2025 to present Cogent's operating results for the first quarter of 2025 and answer questions. Cogent will issue a press release announcing the operating results at 7:00 a.m. (ET) on May 8, 2025.Participation is open to all parties and this call may be accessed as follows: Dial-in Numbers:      1-888-596-4144 for U.S. and Canadian callers 1- ...

Company Overview - Cogent Communications (CCOI) shares increased by 6.3% to close at $53.83, following a notable trading volume, despite a 27.6% loss over the past four weeks [1] - The company is a leading provider of high-speed Internet access, benefiting from cost-effective operations and a streamlined product offering [2] - Cogent has a strong network presence in major North American cities and carrier-neutral colocation centers in North America and Europe, which supports high Internet traffic levels [2] Market Factors - The U.S. Government's decision to suspend higher tariffs for most countries for 90 days, excluding China, has positively impacted investor confidence in Cogent [2] - The consensus EPS estimate for Cogent's upcoming quarterly report is a loss of $0.88 per share, reflecting a year-over-year change of +31.8%, with expected revenues of $252.09 million, down 5.3% from the previous year [3] Earnings Estimates - Over the last 30 days, the consensus EPS estimate for Cogent has been revised 6% higher, indicating a potential for price appreciation [4] - Empirical research suggests a strong correlation between earnings estimate revisions and near-term stock price movements, highlighting the importance of monitoring these trends [3][4] Industry Context - Cogent belongs to the Zacks Wireless National industry, which includes other companies like T-Mobile (TMUS), that also experienced a recent stock price increase [4] - T-Mobile's consensus EPS estimate has changed by +0.2% to $2.47, representing a year-over-year change of +23.5% [5]