Cogent Communications (NASDAQ:CCOI) stock surged 6.5% Monday after Wells Fargo analyst Eric Luebchow issued a double upgrade, moving the company from Underweight to Overweight with a price target of ...

As things stand, the wavelength business only accounts for less than 5% of CCOI’s total revenue, but do note that it is ...

Shares of internet service provider Cogent Communications (NASDAQ:CCOI) jumped 3.2% in the afternoon session after the ...

Fiber firm Cogent added seven Edge data centers and around 3MW to its portfolio in the second quarter of 2025. The company ...

What Happened? Shares of internet service provider Cogent Communications (NASDAQ:CCOI) jumped 8.1% in the afternoon session ...

Wells Fargo upgraded Cogent Communications (NASDAQ:CCOI) by two notches to "overweight" on Monday, citing a favorable risk/reward skew at current valuation. Shares of the company were up nearly 7% ...

Cogent also had good cost control, with fixed cost margin averaging 44% in 2021/22 compared to the 45% in 2015/2016. Its cost structure was such that fixed costs accounted for about half of the ...

At the end of 2024, Cogent had $228 million in cash and $2 billion in debt, including $550 million in capital leases. Cogent’s net debt/EBITDA ratio, including the capital leases, was 5.1.

In 2023, Cogent acquired Sprint’s wireline business for a single dollar, with T-Mobile then paying Cogent $700 million through 2027 for taking on what had been an albatross for T-Mobile.

Cogent expects its revenue base to be about $1.1 billion, or 180% of its current $600 million run rate, CEO Dave Schaeffer said on a conference call.

Cogent had threatened to file complaints to the FCC, as allowed by the commission's Open Internet Order. But that won't be necessary, at least in the case of Verizon, because of today's agreement.

Cogent, on the other hand, wasted no time and sent out a press release offering free 100Mbps hookups to affected Sprint customers and stating that Sprint is "in violation of a contractual ...