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Cogent Communications (CCOI)
:CCOI
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.94Last Year’s EPS
-0.68Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -11.80%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in wavelength and IPv4 leasing revenues, significant cost savings, and a stock buyback program. However, it also pointed out declines in corporate and enterprise revenues, challenges with off-net revenue, underutilized wavelength installation capacity, and increased leverage. The positive elements are tempered by significant negative trends.Company Guidance
During Cogent Communications Holdings' Q1 2025 earnings call, the company provided several key metrics and guidance for future performance. Cogent reported a wavelength revenue of $7.1 million for the quarter, marking a 114% increase year-over-year and a 2.2% sequential increase, with 18% growth in wavelength connections. The company has 883 data centers offering services and expects to install 4-5% of its 3,433 wavelength opportunities each month, aiming for 10,000 opportunities by year-end. IPv4 leasing revenue rose 14.8% sequentially to $14.4 million, with a 42% yearly increase, driven by price hikes to $0.49 per address. The firm achieved its targeted $220 million cost savings from the Sprint acquisition and expects another $20 million by mid-2026. Gross margin increased by 790 basis points to 44.6%, while SG&A decreased by $3.8 million year-over-year. Cogent aims for a long-term annual revenue growth rate of 6-8% and plans to expand its EBITDA margin by 150 basis points annually. Additionally, Cogent is working through undesirable Sprint revenues and expects to return to top-line growth by mid-Q3 2025.Wavelength Revenue Growth
Wavelength revenues for the quarter were $7.1 million, an increase of 114% over the same period in 2023-2024. Sequentially, wavelength connections increased by 18%, and wavelength revenue increased by 2.2%.
IPv4 Leasing Revenue Surge
IPv4 leasing revenue increased sequentially by 14.8% to $14.4 million and increased 42% year-over-year. Average revenue per IPv4 address sold was $0.49 for the quarter, a 63% increase from $0.30 at the beginning of the year.
Cost Reduction Achievements
Achieved the remainder of targeted $220 million in cost savings from the acquisition of Sprint. Expect to achieve at least another $20 million of cost savings by the second quarter of 2026.
Gross Margin Improvement
Gross margin increased by 790 basis points from the first quarter of 2024 to 44.6%.
Stock Buyback Program
Repurchased approximately 100,000 shares of common stock for approximately $5 million during the quarter.
CCOI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CCOI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $52.04 | $48.22 | -7.34% |
Feb 27, 2025 | $77.23 | $69.85 | -9.56% |
Nov 07, 2024 | $80.68 | $81.30 | +0.77% |
Aug 08, 2024 | $63.42 | $64.65 | +1.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cogent Communications (CCOI) report earnings?
Cogent Communications (CCOI) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Cogent Communications (CCOI) earnings time?
Cogent Communications (CCOI) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCOI EPS forecast?
CCOI EPS forecast for the fiscal quarter 2025 (Q2) is -0.94.