Internet service provider Cogent Communications (NASDAQ: CCOI) will be reporting results tomorrow before market open. Here’s what you need to know.
Cogent missed analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $252.3 million, down 7.3% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EPS estimates. It reported 123,383 total connections, down 10.3% year on year.
Is Cogent a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Cogent’s revenue to decline 6.2% year on year to $249.6 million, a reversal from the 73.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.11 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Cogent’s peers in the terrestrial telecommunication services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lumen’s revenues decreased 3.3% year on year, beating analysts’ expectations by 1.9%, and Telephone and Data Systems reported a revenue decline of 8.6%, falling short of estimates by 2.1%. Lumen traded up 7.1% following the results while Telephone and Data Systems was down 15.6%.
Read our full analysis of Lumen’s results here and Telephone and Data Systems’s results here.
There has been positive sentiment among investors in the terrestrial telecommunication services segment, with share prices up 14.2% on average over the last month. Cogent is up 8.8% during the same time and is heading into earnings with an average analyst price target of $79.45 (compared to the current share price of $55.10).
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