CCOI
Cogent Communications Holdings, Inc.23.05
+0.21+0.92%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.13BP/E (TTM)
-Basic EPS (TTM)
-4.06Dividend Yield
0.18%Recent Filings
8-K
10-Q
8-K
Leadership transition announced
Cogent Communications announced James Bubeck's retirement as Vice President of Global Sales and Chief Revenue Officer, effective September 2, 2025. Mark Andrew Harris, 61, steps in immediately after, bringing experience from his 2023 role in European Sales via the Sprint acquisition and two decades at Sprint since 2003. Smooth transition. This leadership shift maintains sales continuity amid Cogent's integration efforts.
8-K
Cogent Q2 revenue dips, EBITDA rises
Cogent Communications reported Q2 2025 service revenue of $246.2 million, down 0.3% sequentially but with wavelength revenue surging 27.2% to $9.1 million amid 11.1% customer growth. EBITDA climbed 10.8% to $48.5 million, boosting margins to 19.7%, while the board hiked the quarterly dividend to $1.015 per share and added $100 million to the stock buyback program through 2026. Yet cash from operations swung to a $44 million use, signaling integration strains from the Sprint deal.
10-Q
Q2 FY2025 results
Cogent Communications posted Q2 revenue of $246.2M, down 5.5% y/y but up 1.8% q/q (derived), as on-net sales held steady at 87,407 connections while wavelength services surged 150% y/y to $9.1M, offsetting non-core cuts. Operating loss narrowed to $31.5M from $47.1M y/y, thanks to 12% lower network costs from Sprint integration efficiencies, though depreciation ticked up 1.7% on fiber assets. Diluted EPS of -$1.21 aligns with 47.6M shares, no anti-dilution noted. Cash climbed to $213.7M with $50M IP Transit inflows, but FCF not disclosed in the 10-Q; debt stands at $2.4B including $600M new 2032 notes at 6.5% to refinance 2026 maturities. Redeemed $500M 2026 notes for a $5.6M loss. Competition from incumbents pressures pricing, yet wavelength momentum builds.
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