Cogent(US:CCOI) ZACKSยท2025-05-08 15:01Core 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]