Review Cogent's (CCOI) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
CCOI reports a top-line decline year over year owing to decreasing customer connections. Healthy growth in wavelength sales is a positive.
Cogent Communications Holdings, Inc. (NASDAQ:CCOI ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Dave Schaeffer – Founder and Chief Executive Officer Tad Weed – Chief Financial Officer Conference Call Participants Jim Schneider – Goldman Sachs Greg Williams – TD Cowen David Barden – Bank of America Walter Piecyk – BTIG Michael Rollins – Citi Nick Del Deo – MoffettNathanson Tim Horan – Oppenheimer Operator Good morning and welcome to Cogent Communications Holdings Third Quarter 2024 Earnings Conference Call. As a reminder, this conference call is being recorded and it will be available for replay at www.cogentco.com that is www.cogentco.com.
Although the revenue and EPS for Cogent (CCOI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cogent Communications (CCOI) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $1.34. This compares to loss of $1.13 per share a year ago.
Evaluate the expected performance of Cogent (CCOI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
On Monday, Cogent Communications Holdings Inc CCOI received a price target increase from Citigroup analyst Michael Rollins.
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Examine Cogent's (CCOI) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
While the top- and bottom-line numbers for Cogent (CCOI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Despite a decline in total customer connections, Cogent (CCOI) reports a top-line improvement year over year, driven by net sales growth in net-centric and corporate business.