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]

Core Viewpoint - Cogent Communications (CCOI) is anticipated to report a year-over-year increase in earnings despite lower revenues for the quarter ending March 2025, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show a quarterly loss of $0.90 per share, reflecting a year-over-year change of +30.2%, while revenues are projected to be $250.18 million, down 6% from the previous year [3]. - The consensus EPS estimate has been revised 2.69% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Cogent is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -15.64%, suggesting a bearish sentiment among analysts [10][11]. - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Cogent was expected to post a loss of $1.22 per share but actually reported a loss of $0.91, achieving a surprise of +25.41% [12]. - Over the past four quarters, the company has exceeded consensus EPS estimates three times [13]. Conclusion - Cogent does not appear to be a strong candidate for an earnings beat based on current estimates and trends, but investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].

Group 1 - Cogent Communications Holdings, Inc. will host a conference call on May 8, 2025, at 8:30 a.m. (ET) to present its operating results for the first quarter of 2025 [1] - A press release announcing the operating results will be issued at 7:00 a.m. (ET) on the same day [1] - The conference call is open to all parties, with specific dial-in numbers provided for U.S., Canadian, and international callers [1] Group 2 - Cogent is a facilities-based provider of low-cost, high-speed Internet access and private network services, primarily targeting bandwidth-intensive businesses [2] - The company operates an all-optical IP network across 264 markets globally [2] - Cogent is headquartered in Washington, D.C., and offers contact information for inquiries [2]

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]