What To Expect From Cogent's (CCOI) Q2 Earnings

Internet service provider Cogent Communications (NASDAQ:CCOI) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.

Cogent missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $247 million, down 7.2% year on year. It was a slower quarter for the company, with a narrow beat of analysts’ EPS estimates. It reported 120,731 total connections, down 9.1% year on year.

Is Cogent a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cogent’s revenue to decline 4.7% year on year to $248.1 million, a reversal from the 8.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.18 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Cogent’s peers in the telecommunication services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lumen’s revenues decreased 5.4% year on year, missing analysts’ expectations by 0.7%, and Iridium reported revenues up 7.9%, topping estimates by 1.6%. Lumen traded down 17.2% following the results while Iridium was also down 20.8%.

Read our full analysis of Lumen’s results here and Iridium’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the telecommunication services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Cogent is down 7.2% during the same time and is heading into earnings with an average analyst price target of $68.73 (compared to the current share price of $45.70).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.