Cogent (CCOI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Cogent Communications reported revenue of $252.29 million for the quarter ended December 2024, a decrease of 7.3% year-over-year, and an EPS of -$ 0.91 compared to - $0.16 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of$ 257.13 million by 1.88%, while the EPS exceeded the consensus estimate of - $1.22 by 25.41% [1] Financial Metrics - Total customer connections were reported at 123,383, below the average estimate of 127,757 [4] - On-net customer connections were 87,500, slightly below the estimate of 88,212 [4] - Off-net customer connections totaled 28,963, compared to the average estimate of 34,171 [4] - Non-core customer connections were 5,802, exceeding the estimate of 5,022 [4] - Corporate revenue was$ 113.07 million, down 10.7% year-over-year, and below the average estimate of $118.11 million [4] - Enterprise revenue was reported at$ 45.60 million, below the estimate of $48.96 million [4] - Wavelength revenue was$ 6.97 million, compared to the average estimate of $8.73 million [4] - Net-centric revenue was$ 93.63 million, slightly above the estimate of $91.03 million, representing a year-over-year increase of 0.5% [4] - Non-core service revenue was$ 3.38 million, significantly below the estimate of $4.20 million, reflecting a year-over-year decline of 61.1% [4] - On-net service revenue was$ 128.76 million, below the estimate of $135.84 million, indicating an 11% year-over-year decrease [4] - Off-net service revenue was$ 113.19 million, slightly above the estimate of $110.93 million, with a year-over-year decline of 8.2% [4] Stock Performance - Cogent's shares have returned +7.5% over the past month, outperforming the Zacks S&P 500 composite, which declined by -2.2% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]