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Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 3.2% in the morning session after a downgrade by Citigroup to Neutral from Buy, citing risks of a future dividend cut. The bank slashed its price target on the shares to $33 from $67, a reduction of over 50%, and raised its risk rating on the stock to 'high-risk.' The downgrade stems from concerns about the company's high net debt and the significant risk of a 'substantial dividend cut' between 33% and 50% over the next one to two years. Citigroup noted that Cogent's recent underperformance in the second quarter highlights that future earnings growth is now more dependent on revenue growth rather than cost-cutting. This follows a recent trend of negative sentiment, with RBC Capital also downgrading the stock just days earlier after the company reported weak quarterly results that missed revenue and earnings estimates.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) jumped 3.2% in the afternoon session after the company announced a $100 million increase to its stock buyback program and a hike in its quarterly dividend. The company's board approved the $100 million increase to its buyback program, a move often interpreted as a sign that management believes its shares are undervalued. This authorization allows the company to repurchase up to 4.6% of its stock.
Internet service provider Cogent Communications (NASDAQ:CCOI) fell short of the market’s revenue expectations in Q2 CY2025, with sales falling 5.5% year on year to $246.2 million. Its non-GAAP loss of $0.81 per share was 31.4% above analysts’ consensus estimates.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 14% in the afternoon session after it reported weak second-quarter results that missed Wall Street's expectations for both revenue and earnings. The company's revenue fell 5.5% year-over-year to $246.2 million, while its loss per share of $1.21 was nearly 30% worse than analysts had anticipated. The disappointing results highlighted several underlying issues for investors. Cogent's cash burn worsened, with the company using $100.2 million in cash during the quarter, a significant increase from the same period last year. Furthermore, the report pointed to a concerning balance sheet, with over $2.3 billion in debt compared to just $306.7 million in cash, raising questions about the company's financial stability.
Internet service provider Cogent Communications (NASDAQ:CCOI) missed Wall Street’s revenue expectations in Q2 CY2025, with sales falling 5.5% year on year to $246.2 million. Its GAAP loss of $1.21 per share was 29.9% below analysts’ consensus estimates.
Internet service provider Cogent Communications (NASDAQ:CCOI) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.
Companies that burn cash at a rapid pace can run into serious trouble if they fail to secure funding.
Without a clear path to profitability, these businesses risk dilution, mounting debt, or even bankruptcy.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 - 1.4%) as Treasury yields rose, reflecting market anxiety over a draft federal budget that could worsen the already wide US fiscal deficit.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Lumen (NYSE:LUMN) and the rest of the terrestrial telecommunication services stocks fared in Q1.
Let’s dig into the relative performance of Cogent (NASDAQ:CCOI) and its peers as we unravel the now-completed Q1 terrestrial telecommunication services earnings season.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Internet service provider Cogent Communications (NASDAQ:CCOI) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 7.2% year on year to $247 million. Its GAAP loss of $1.09 per share was 6.5% below analysts’ consensus estimates.
