Cogent Communications Shares Slide After 3Q Revenue Miss

Dow Jones

Nov 07

By Katherine Hamilton

Cogent Communications shares sank after the Internet provider posted a decline in revenue.

The stock dropped a third of its value, falling to $25.46 Thursday and at one point touching a 52-week low. Shares have shed 68% this year.

Revenue in the third quarter fell 6% to $241.9 million, below the $246 million Wall Street was projecting.

The company logged a loss of $41.5 million, or 87 cents a share, compared with a loss of $63.1 million, or $1.33 a share, the year before. Analysts polled by FactSet expected a loss of $1.10 a share.

Cogent said it will temporarily pause its stock buyback program.

Cogent also said it entered into a letter of interest for the sale of two data centers for $144 million in cash.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

November 06, 2025 13:16 ET (18:16 GMT)

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Shares have shed 68% this year. \n</p>\n<p>\n  Revenue in the third quarter fell 6% to $241.9 million, below the $246 million Wall Street was projecting. \n</p>\n<p>\n  The company logged a loss of $41.5 million, or 87 cents a share, compared with a loss of $63.1 million, or $1.33 a share, the year before. 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Shares have shed 68% this year. \n\n\n  Revenue in the third quarter fell 6% to $241.9 million, below the $246 million Wall Street was projecting. \n\n\n  The company logged a loss of $41.5 million, or 87 cents a share, compared with a loss of $63.1 million, or $1.33 a share, the year before. Analysts polled by FactSet expected a loss of $1.10 a share. \n\n\n  Cogent said it will temporarily pause its stock buyback program. \n\n\n  Cogent also said it entered into a letter of interest for the sale of two data centers for $144 million in cash. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2025 13:16 ET (18:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}