Core Viewpoint - Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is identified as a strong dividend stock with significant upside potential, with an average price target suggesting a 38% increase and a Street high indicating a potential 180% upside [1][2]. Financial Performance - For Q3 2025, Cogent reported service revenue of $241.9 million, reflecting a decrease of 1.7% from the previous quarter and a 5.9% decline year-over-year [3]. - On-net revenue for Q3 was $135.3 million, which is an increase of 2.2% from the preceding quarter but a decrease of 0.9% compared to Q3 2024 [3]. - Off-net revenue was reported at $95.1 million, down 14.5% year-over-year, while Wavelength revenue reached $10.2 million, marking a significant increase of 92.5% year-over-year [3]. - As of September 30, 2025, customer connections totaled 118,279, which is a decrease of 6.4% from the same quarter in 2024 and a slight decline of 0.4% from Q2 2025 [3]. Share Repurchase Initiative - Cogent Communications announced the resumption of its share repurchase initiative on November 17, allowing the company to buy back stock without a specified purchase amount [2]. Business Overview - Cogent Communications provides high-speed internet, private networks, and data center space globally, targeting small and medium-sized businesses, service providers, and other organizations [4].