Cogent (CCOI) Q2 Loss Narrower Than Expected, Revenues Up Y/Y
Cogent(CCOI) ZACKS·2024-08-09 00:00
Cogent Communications Inc. (CCOI) reported mixed second-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The Washington, DC-based leading Internet service provider reported a top-line expansion year over year, driven by growth in net-centric and corporate business. However, it witnessed a decline in total customer connections during the quarter. Net Income The company reported a net loss of $32.3 million or a loss of 68 cents per share aga ...