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Shentel Completes the Expansion of High-Speed, Reliable Broadband Service in Shenandoah County, VA
Globenewswire· 2025-12-11 13:57
Shentel Technician Shentel Technician walking in Shenandoah County EDINBURG, Va., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), a leading broadband service provider, is pleased to announce the completion of its Virginia Telecommunications Initiative (VATI) project to expand gigabit broadband internet service to more than 7,000 previously unserved homes in Shenandoah County, Virginia. The $50 million construction project was partly funded by the nation ...
Cogent: Dividends Cut, Asset Monetization Could Serve As Next Catalyst (NASDAQ:CCOI)
Seeking Alpha· 2025-12-02 11:07
Core Insights - Cogent Communications Holdings, Inc. (CCOI) is facing deteriorating conditions as a prominent facilities-based internet service provider in the B2B market [1] Group 1 - The company is experiencing worsening circumstances, indicating potential challenges in its operational performance [1]
Supreme Court Wrestles With Copyright Dispute Between Cox, Record Labels
Insurance Journal· 2025-12-02 06:08
Core Argument - The U.S. Supreme Court is considering a case involving Cox Communications, which is seeking to avoid financial liability in a significant music copyright lawsuit brought by record labels accusing the company of enabling user piracy of thousands of songs [1][2]. Group 1: Legal Context - The justices expressed skepticism regarding Cox's claim that mere awareness of user piracy should not result in liability for copyright infringement [2][3]. - A previous jury found Cox liable for $1 billion due to secondary liability for infringement by its customers, which involved over 10,000 copyrights [5][7]. - The 4th U.S. Circuit Court of Appeals overturned the damages award in 2024, leading to a retrial to determine the amount owed to the labels [5][7]. Group 2: Implications for Internet Service Providers (ISPs) - ISPs are generally not held liable for user infringement if they take reasonable preventive measures, but the labels argue that Cox failed to address numerous infringement notices and did not cut off access for repeat infringers [6]. - The justices are concerned about the potential impact on innocent users if copyright enforcement becomes overly broad, which could lead to ISPs terminating service for entire households or institutions based on a single user's infringement [3][11]. Group 3: Industry Reactions - Major tech companies, including Alphabet's Google, Amazon, and Microsoft, have supported Cox in this case, while music, film, and book industry trade groups have backed the record labels [12].
Michigan Broadband Services Earns “Best of the Best Internet Provider” Award as Voted by the Public
Globenewswire· 2025-11-26 20:48
Core Insights - Michigan Broadband Services (MBS) has been recognized as the "Best of the Best Internet Provider" in the Central Upper Peninsula region, based on public voting [1] Company Overview - MBS has been a trusted telecommunications provider in Michigan for over a century, originally established as the Upper Peninsula Telephone Company in 1908 [4] - The company offers a range of services including fiber internet, voice, mobile, and video services, with a commitment to affordability and local customer care [4] Expansion Plans - As of October 2025, MBS has passed more than 12,000 homes with fiber-optic internet and plans to expand to an additional 10,000 homes in 2026, aiming to reach a total of 50,000 homes in the coming years [2] - In 2025, MBS constructed over 200 miles of new fiber infrastructure, providing symmetrical gigabit-speed internet to underserved areas [2] Service Commitment - MBS emphasizes straightforward, affordable pricing with no hidden fees, data caps, or contracts, positioning itself as a leading full-service communications provider for residents and businesses in the Upper Peninsula [3]
Kinetic Surpasses Major Milestone in Broken Arrow: 25,000 Fiber Homes Passed
Globenewswire· 2025-11-25 14:30
Core Insights - Kinetic has successfully passed 25,000 homes with high-speed multi-gigabit fiber internet in the greater Broken Arrow area, with plans for continued construction to meet local demand [1][3][12] Company Developments - The build is fully funded by Kinetic, enhancing the company's ability to provide next-generation internet services to residents and businesses in Broken Arrow and nearby communities [2] - Kinetic has upgraded its network to expand multi-gig capability to 85% of its fiber footprint, preparing customers for future applications requiring high bandwidth and low latency [7] - The company has a strong local presence, actively participating in community initiatives and supporting local organizations [5][6] Market Position - Kinetic's fiber internet service offers significant advantages over traditional copper and cable, including lower latency, higher reliability, and symmetrical speeds, which are essential for modern digital needs [10][12] - Research indicates that communities with fiber internet experience 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [8] Community Engagement - Kinetic recently held a "Light it Up" community celebration in Broken Arrow, showcasing its commitment to local engagement and investment in the community [9][11] - The company emphasizes its dedication to local challenges and the well-being of residents, with local technicians addressing community needs [6] Future Outlook - Kinetic's ongoing expansion in Broken Arrow is seen as a step towards building a "city of the future," with the potential to connect tens of thousands of families to advanced fiber internet [12] - The company encourages residents to upgrade to fiber service, highlighting the competitive edge of its gigabit offerings compared to local competitors [11][12]
Why Cogent (CCOI) Shares Are Falling Today
Yahoo Finance· 2025-11-06 16:36
Core Insights - Cogent Communications' shares fell 28.5% following disappointing Q3 results, with revenue of $241.9 million, a 5.9% year-on-year decline, missing Wall Street forecasts [1] - The company's GAAP loss of $0.87 per share was narrower than expected, but the weak revenue overshadowed this [1] - Cogent also missed expectations for Adjusted EBITDA, raising concerns about its near-term business outlook [1] Market Reaction - The stock has shown significant volatility, with 16 moves greater than 5% in the past year, indicating a strong market reaction to recent news [3] - The recent drop is part of a larger trend, with Cogent's shares down 66.8% year-to-date and trading 70% below its 52-week high of $85.35 [5] Historical Context - The previous notable stock movement occurred 27 days prior, when the stock dropped 3.4% due to trade war fears related to tariffs on Chinese imports, impacting the tech sector significantly [4] - Investors who purchased $1,000 worth of Cogent shares five years ago would now see their investment valued at $473.66 [5]
Cogent Communications Reports Third Quarter 2025 Results
Prnewswire· 2025-11-06 11:59
Core Insights - Cogent Communications reported service revenue of $241.9 million for Q3 2025, reflecting a decrease of 1.7% from Q2 2025 and a decrease of 5.9% from Q3 2024 [2] - The company entered a commercial agreement with T-Mobile for colocation and connectivity services, generating $0.4 million in revenue for Q3 2025 [2] - Foreign exchange rates positively impacted service revenue growth by $0.9 million from Q2 2025 to Q3 2025 and by $1.8 million year-over-year [3] Financial Performance - On-net revenue was $135.3 million for Q3 2025, an increase of 2.2% from Q2 2025 but a decrease of 0.9% from Q3 2024 [4] - Off-net revenue decreased to $95.1 million for Q3 2025, down 6.9% from Q2 2025 and 14.5% from Q3 2024 [5] - Wavelength revenue increased to $10.2 million for Q3 2025, up 12.4% sequentially and 92.5% year-over-year [6] - Non-core revenue was $1.4 million for Q3 2025, down from $2.7 million in Q2 2025 and $4.1 million in Q3 2024 [7] Profitability Metrics - GAAP gross profit increased by 48.9% to $49.8 million for Q3 2025 compared to Q2 2025, and increased by 406.8% from Q3 2024 [7] - GAAP gross margin improved to 20.6% for Q3 2025, compared to 13.6% for Q2 2025 and 3.8% for Q3 2024 [8] - Non-GAAP gross profit increased by 1.4% from Q2 2025 to Q3 2025 [9] - EBITDA for Q3 2025 was $48.8 million, a slight increase of 0.6% from Q2 2025 and a 36.0% increase from Q3 2024 [14] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $3.1 million for Q3 2025, a significant improvement from net cash used of $44.0 million in Q2 2025 [11] - Capital expenditures decreased by 35.5% to $36.3 million for Q3 2025 compared to Q2 2025 [9] Strategic Developments - In October 2025, Cogent entered a letter of intent to sell two data centers for $144 million in cash [12] - The company has expanded its optical wavelength services to 996 data centers across the U.S., Mexico, and Canada [16] - A quarterly dividend of $0.02 per share was approved for Q4 2025 [17]
Kinetic Teams Up With eero to Deliver Next-Gen Secure Home Wi-Fi
Globenewswire· 2025-10-30 12:00
Core Insights - Kinetic has partnered with eero to offer Wi-Fi 7 technology, enhancing internet service for consumers [1][2][3] - The collaboration aims to position Kinetic as a competitor to traditional cable internet providers by delivering innovative and future-proof technology [2][5] Company Developments - Kinetic's new Kinetic Promise ensures technicians will not leave until Wi-Fi is operational in all areas of a customer's home [4] - The partnership with eero is expected to provide customers with reliable, high-performance internet, particularly beneficial for remote work, education, and telehealth [5][6] Product Features - eero Pro 7, utilizing Wi-Fi 7 technology, offers enhanced connectivity and is designed to support multiple devices seamlessly [3][5] - Kinetic customers can choose from two security plans with eero devices, providing options for parental controls and advanced security features [7][8] Market Positioning - Kinetic operates in 1,400 markets across 18 states, focusing on delivering multi-gigabit fiber internet and whole-home Wi-Fi solutions [9][10] - The partnership with eero is part of Kinetic's strategy to enhance customer experience and expand its footprint in the competitive internet service market [9]
New Strong Sell Stocks for Oct. 28th
ZACKS· 2025-10-28 11:11
Group 1: Company Overview - Evolution Petroleum (EPM) is a development stage company focused on acquiring and developing oil and gas fields, utilizing both conventional and specialized technology to enhance production and develop reserves, particularly in low permeability reservoirs suitable for lateral drilling technology [1] - Betterware de Mexico SAPI de C (BWMX) operates as a direct-to-consumer selling company in Mexico, primarily targeting the home organization and solutions market [2] - Cogent Communications (CCOI) is a Tier 1 Internet Service Provider (ISP) that provides low-cost high-speed Internet access, private network services, and colocation center services with ultra-low latency data transmission [3] Group 2: Earnings Estimates - The Zacks Consensus Estimate for Evolution Petroleum's current year earnings has been revised downward by approximately 88.9% over the last 60 days [1] - Betterware de Mexico's current year earnings estimate has been adjusted downward by nearly 9.1% in the past 60 days [2] - Cogent Communications has seen a downward revision of 5.9% in its current year earnings estimate over the last 60 days [3]
Cogent Communications to Host Third Quarter 2025 Earnings Call on November 6, 2025
Prnewswire· 2025-10-21 12:30
Core Points - Cogent Communications Holdings, Inc. will host a conference call on November 6, 2025, at 8:30 a.m. (ET) to present its third-quarter operating results for 2025 and answer questions [1] - A press release with the operating results will be issued at 7:00 a.m. (ET) on the same day [1] - The conference call is accessible to all parties via specific dial-in numbers and an audio webcast available on Cogent's website [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 [2] - The company operates an all-optical IP network across 302 markets globally [2] - Cogent is headquartered in Washington, D.C., and can be contacted through its official website or phone number [2]