Latest news with #CogentCommunications
Yahoo
07-08-2025
- Business
- Yahoo
Cogent (CCOI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2025, Cogent Communications (CCOI) reported revenue of $246.25 million, down 5.5% over the same period last year. EPS came in at -$1.21, compared to -$0.75 in the year-ago quarter. The reported revenue represents a surprise of +0.28% over the Zacks Consensus Estimate of $245.57 million. With the consensus EPS estimate being -$0.93, the EPS surprise was -30.11%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Cogent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Customer Connections - On-net: 87,407 compared to the 87,390 average estimate based on three analysts. Customer Connections - Non-Core: 3,615 versus the three-analyst average estimate of 4,626. Customer Connections - Off-net: 26,239 versus 29,073 estimated by three analysts on average. Customer Connections - Total: 118,730 compared to the 121,545 average estimate based on three analysts. Total On-Net buildings: 3,529 versus 3,536 estimated by two analysts on average. Revenue- Corporate Revenue: $109.05 million versus $109.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.8% change. Revenue- Enterprise: $39.89 million compared to the $43.01 million average estimate based on four analysts. The reported number represents a change of -19.9% year over year. Revenue- Net-Centric Revenue: $97.31 million versus the four-analyst average estimate of $92.62 million. The reported number represents a year-over-year change of +6.8%. Revenue- Wavelength: $9.06 million compared to the $8.53 million average estimate based on three analysts. The reported number represents a change of +149.9% year over year. Revenue- Service revenue- Non-Core revenue: $2.68 million compared to the $2.52 million average estimate based on two analysts. The reported number represents a change of -41.8% year over year. Revenue- Service revenue- On-Net revenue: $132.33 million versus $133.26 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6% change. Revenue- Service revenue- Off-Net revenue: $102.18 million compared to the $101.74 million average estimate based on two analysts. The reported number represents a change of -8.3% year over year. View all Key Company Metrics for Cogent here>>> Shares of Cogent have returned -11% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cogent Communications Holdings, Inc. (CCOI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
Why Virtus Investment Partners, Cadence Bank, And Cogent Communications Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Virtus Investment Partners, Cadence Bank, and Cogent Communications have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 8%. Virtus Investment Partners Virtus Investment Partners Inc. (NYSE:VRTS) is an asset management company that provides investment products and services to individual and institutional clients. Don't Miss: $100k+ in investable assets? – no cost, no obligation. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Virtus has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Aug. 15, it raised the quarterly payout by 18% to $2.25 per share, equal to an annual figure of $9 per share. More recently, in its dividend announcement on May 15, the company maintained the payout at the same level. The dividend yield on the stock stands at 4.55%. Its annual revenue as of March 31 stood at $898.60 million. The company on July 25 posted Q2 2025 revenues of $210.53 million and EPS of $6.25, both beating expectations. Check out this article by Benzinga for five analysts' insights on Virtus Investment Partners. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— Cadence Bank Cadence Bank (NYSE:CADE) provides commercial banking and financial services in the U.S. Cadence Bank has raised its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on Jan. 22, its board increased the quarterly payout by 10% to $0.275 per share, equaling an annual figure of $1.10 per share. More recently, in its dividend announcement on July 23, the company maintained the payout at the same level. Currently, the dividend yield is 3.02%. Cadence Bank's annual revenue as of Dec. 31 stood at $1.79 billion. The company on July 23 posted Q2 2025 revenues of $476.32 million and EPS of $0.73, both coming in above the consensus estimates. Check out this article by Benzinga for four analysts' insights on Cadence Communications Cogent Communications Holdings Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services globally. Cogent Communications has raised its dividend every year for the last 51 years. In its most recent dividend announcement on May 8, the company increased the quarterly payout from $1.005 to $1.01 per share, equal to an annual figure of $4.04 per share. The dividend yield on the stock currently stands at 8.27%. The company's annual revenue as of March 31 stood at $1.02 billion. Cogent on May 8 posted Q1 2025 revenues of $247.05 million, below the consensus estimate of $250.81 million, while the per-share loss of $1.09 beat the consensus of $1.11 loss per share. Virtus Investment Partners, Cadence Bank, and Cogent Communications are good choices for investors seeking reliable passive income. Their dividend yields of up to 8% and long history of consistent hikes make them attractive to income-focused investors. Read Next: Maximize saving for your retirement and cut down on taxes: . Image: Shutterstock This article Why Virtus Investment Partners, Cadence Bank, And Cogent Communications Are Winners For Passive Income originally appeared on
Yahoo
24-07-2025
- Business
- Yahoo
Cogent Communications Holdings, Inc. (CCOI): A Bull Case Theory
We came across a bullish thesis on Cogent Communications Holdings, Inc. on Stock Analysis Compilation's Substack. In this article, we will summarize the bulls' thesis on CCOI. Cogent Communications Holdings, Inc.'s share was trading at $47.92 as of July 21st. CCOI's trailing and forward P/E were 94.04 and 5.00k, respectively according to Yahoo Finance. A high-speed internet connection providing fast data rates to customers. Cogent Communications Inc. is positioned for meaningful upside as its wavelength circuit build-out accelerates, even as investor sentiment remains weighed down by the protracted Sprint wireline integration. The company's shares have struggled after several quarters of earnings misses, with revenue yet to inflect and integration efforts still absorbing operating expenses, despite management achieving the targeted $220 million in cost savings. Beneath these near-term headwinds, Cogent's wavelength activation pipeline is gaining traction, with a backlog of 3,433 orders and a unique capability to bring circuits online in as little as two weeks, a stark advantage over competitors such as Lumen and Zayo, who typically require three to nine months. This rapid deployment should translate into share gains as installations scale, with management targeting a steady pace of approximately 500 activations per month by year-end. With average revenue per unit around $1,930 and incremental EBITDA margins exceeding 90% due to minimal variable costs, the company could generate more than $100 million in incremental cash flow annually once fully ramped. While near-term results remain clouded by integration-related expenses and delayed revenue contributions, the backlog conversion offers a clear path to meaningful cash flow growth and a rerating of the stock. Should the expected installations and resulting cash flow not materialize in the coming quarters, an exit would be warranted, but for now, the market's fixation on integration challenges leaves significant upside as Cogent leverages its operational speed to expand wavelength scale and unlock high-margin growth. Previously, we covered a bullish thesis on Cogent Communications Holdings, Inc. (CCOI) by Aaron Chan in January 2025, highlighting its transformative ROADM-enabled wavelength network and growth potential. The stock has depreciated ~34% since, as Sprint integration delays deferred revenue inflection. The thesis holds as backlog momentum builds. Stock Analysis Compilation shares a similar view, stressing near-term backlog conversion and cash flow upside. Cogent Communications Holdings, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held CCOI at the end of the first quarter which was 29 in the previous quarter. While we acknowledge the potential of CCOI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Why Cogent Communications, HP, And IDACORP Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Cogent Communications, HP, and IDACORP have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 8%. Cogent Communications Holdings (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services globally. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Cogent Communications has raised its dividend consecutively for the last 51 years. In its most recent dividend announcement on May 8, the company's board increased the quarterly payout from $1.005 to $1.01 per share, equal to an annual figure of $4.04 per share. The dividend yield on the stock is 7.99%. The company's annual revenue as of March 31 stood at $1.02 billion. In its Q1 2025 earnings report on May 8, it posted revenues of $247.05 million, missing the consensus estimate of $250.81 million, while the per-share loss of $1.09 came in better than the consensus of $1.11 loss per share. Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – HP Inc. (NYSE:HPQ) provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the U.S. and internationally. HP has increased its dividends consecutively for the last nine years. In its most recent dividend hike announcement on Nov. 26, the company raised the quarterly payout by 5% to $0.2894, equal to an annual figure of $1.16 per share. More recently, in its dividend announcement on Jan. 30, the company maintained the payout at the same level. Currently, the dividend yield on the stock stands at 4.10%. The company's annual revenue as of Jan. 31 stood at $53.88 billion. In the company's Q1 2025 earnings release on Feb. 27, it posted revenues of $13.50 billion, better than the consensus estimate of $13.36 billion, and EPS of $0.74, in line with expectations. Check out this article by Benzinga, which looks into HP's recent short Inc. (NYSE:IDA) engages in the generation, transmission, distribution, purchase, and sale of electric energy in the U.S. IDACORP has raised its dividend every year since 2011. As per its most recent dividend hike announcement on Sept. 20, its board raised the quarterly payout from $0.83 to $0.86 per share, which is equal to an annual figure of $3.44 per share. More recently, in its dividend announcement on April 17, the company maintained the payout at the same level. The current dividend yield is 3.07%. IDACORP's annual revenue as of March 31 stood at $1.81 billion. In its Q1 2025 earnings report on May 1, the company posted EPS of $1.10 and revenues of $432.46 million, both figures above the consensus estimates. Cogent Communications, HP, and IDACORP are good choices for investors seeking reliable passive income. Their dividend yields of up to 8% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Invest Where It Hurts — And Help Millions Heal: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Why Cogent Communications, HP, And IDACORP Are Winners For Passive Income originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Cogent Communications Holdings Inc (CCOI) Q1 2025 Earnings Call Highlights: Strong Wavelength ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cogent Communications Holdings Inc (NASDAQ:CCOI) achieved a significant milestone by offering wavelength services in 883 data centers with 10GB, 100GB, and 400GB capabilities. Wavelength revenues for the quarter increased by 114% over the same period in 2023, reaching $7.1 million. The company has materially reduced provisioning times to approximately 30 days. Cogent Communications Holdings Inc (NASDAQ:CCOI) has realized the remainder of its targeted $220 million in cost savings from the acquisition of Sprint. Gross margin increased by 790 basis points from the first quarter of 2024 to 44.6%. Corporate revenue decreased by 11.4% year over year and 2.1% sequentially, primarily due to the grooming of low-margin off-net connections. Net-centric revenue declined sequentially by 1.1% and was negatively impacted by a decline in revenue from the commercial service agreement with T-Mobile. Enterprise revenue decreased by 11.3% year over year and sequentially by 4.1%, primarily due to a reduction in non-core and low-margin enterprise revenues. Off-net revenue decreased by 9.2% year over year and 5.2% sequentially. The company has increased its leverage, leading the board to slow the rate of dividend growth. Warning! GuruFocus has detected 5 Warning Signs with CCOI. Q: Within the waves business, are you seeing any change in competition, and do you think the Crown Castle's Zao deal will change the landscape? Also, can you update us on corporate revenue trends and your new revenue growth targets? A: Our primary competitors in the wavelength market struggle with provisioning and lack our coverage ubiquity. We have a significant advantage in this area. Regarding the Crown Castle Zao combination, it is likely a year away from impacting the market. As for corporate revenue, we expect to be through the undesirable Sprint revenue by mid-Q3, after which we anticipate positive total revenue growth. Q: On the dividend growth, is the half-penny per share increase temporary, and what milestones would be needed to return to a penny growth per quarter? Also, what needs to happen to reach the target of 500 wavelength circuits installed per month? A: The board is committed to returning capital to shareholders, and as our leverage begins to decline in Q4, we will evaluate increasing the dividend growth rate. Regarding wavelength installations, we have the capacity to install 500 orders a month, but currently, the funnel conversion rate is about 5%. We expect to reach the 500 installs per month target by year-end as the funnel grows. Q: Can you discuss the wavelength ARPU and where you see it trending throughout the year? Also, provide details on the data center monetization timing and scale. A: Our wavelength ARPU was just under $2,000 this quarter, and we expect it to stabilize around $1,900 to $2,000 as the base grows. For data center monetization, we are moving from letters of intent to contract negotiations and are motivated to sell surplus capacity, though exact timing is uncertain. Q: Regarding the slower internet traffic growth, what are you seeing in terms of pricing and implications for internet transit revenue? Also, have you noticed any changes in customer behavior since the tariff announcements? A: Internet traffic growth has slowed to about 8%, aligning with broader trends. Pricing declines remain consistent at about 22-23% annually. Tariffs have caused some initial shock, but we don't expect a material impact on our business. Corporate customers are cautious due to macroeconomic concerns, but we anticipate positive growth later this year. Q: Can you provide more details on the SG&A increase and what to expect in Q2? Also, how many IPv4 addresses were taken back this quarter? A: The SG&A increase was primarily due to seasonal factors and the full inclusion of Sprint employees. We expect a slight decrease in Q2 as payroll taxes decline. We took back approximately 600,000 to 700,000 IPv4 addresses due to policy violations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
