Overview

* Cogent Q3 service revenue falls 1.7% sequentially, 5.9% yr/yr

* Cogent enters LOI to sell two data centers for $144 mln

Outlook

* Cogent did not provide specific future revenue or EPS guidance

Result Drivers

* ON-NET REVENUE - On-net revenue increased by 2.2% from Q2 2025 to Q3 2025, despite a decrease in total service revenue

* WAVELENGTH GROWTH - Wavelength revenue rose 12.4% sequentially and 92.5% yr/yr, driven by increased customer connections

* IPv4 LEASING - Revenue from leasing IPv4 addresses increased by 14.1% sequentially and 55.5% yr/yr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$41.54

Income mln

Q3 Gross 20.60%

Margin

Q3 Basic Beat -$0.87 -$1.02

EPS (12

Analysts

)

Q3 EBIT Beat -$18.13 -$27.90

mln mln (10

Analysts

)

Q3 45.80%

Adjusted

Gross

Margin

Q3 $110.84

Adjusted mln

Gross

Profit

Q3 $48.78

EBITDA mln

Q3 Gross $49.84

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Cogent Communications Holdings Inc ( CCOI ) is $47.50, about 19.4% above its November 5 closing price of $38.30

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)