Cogent (CCOI) Q1 Loss Wider Than Expected Despite Top-Line Growth
CCOICogent(CCOI) Zacks Investment Research·2024-05-11 01:36

Cogent Communications Holdings, Inc. (CCOI) reported soft first-quarter 2024 results, with both the bottom and top lines falling short of the respective Zacks Consensus Estimate. However, the Washington, DC-based leading Internet service provider reported a top-line expansion year over year, driven by solid demand trends in the net-centric business.Net IncomeThe company reported a net loss of $65.3 million or a loss of $1.38 per share against a net income of $6.1 million or 13 cents per share in the year-ag ...