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Cogent Communications (CCOI)
NASDAQ:CCOI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.05Last Year’s EPS
-1.38Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -22.02%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in wavelength and IPv4 leasing revenues, successful integration and cost savings from the Sprint acquisition, and a continued increase in dividends. However, these positive aspects were offset by declines in corporate, enterprise, and on-net revenues, as well as challenges in maintaining sales force productivity. The sentiment is ultimately balanced with both positive achievements and notable challenges.Company Guidance
During Cogent Communications Holdings' fourth quarter and full-year 2024 earnings call, the company reported a total revenue of $252.3 million for the quarter and $1 billion for the year, up from $940 million in 2023. The company's EBITDA as adjusted was $66.9 million for the quarter, with a margin increase of 280 basis points to 26.5%. Wavelength revenues grew by 31.8% sequentially and 124% year-over-year. The company's SG&A expenses decreased by 7.5% quarter-over-quarter, and the cost of goods sold saw a 4% reduction from the previous quarter. The company has achieved over 90% of its targeted $220 million in annual savings from integrating Sprint assets and expects further savings to continue until 2026. Additionally, the Board of Directors increased the quarterly dividend by $0.01 to $1.05 per share, marking the 50th consecutive increase. Cogent anticipates a 5% to 7% annual growth rate and a 100 basis point annual expansion in EBITDA margins.Revenue Growth
Total revenue for the quarter was $252.3 million and $1 billion for full year 2024, compared to $940 million for full year 2023.
Wavelength Revenue Surge
Wavelength revenues for the quarter grew sequentially at 31.8%, a 124% increase over the previous year. Wavelength revenue was $19.2 million for full year 2024, a 240% increase over 2023.
Cost Savings from Sprint Integration
Realized over 90% of targeted $220 million in annual savings from the integration of Sprint assets, with projected savings expected to continue to be achieved through 2026 and expected to exceed the initial target.
SG&A and COGS Decrease
SG&A decreased by $4.5 million or 7.5% from the previous quarter and by $19.2 million or 25.6% from Q4 2023. Cost of goods sold decreased by $6.4 million or 4% from the third quarter of 2024 and by $19.5 million or 11.2% from the fourth quarter of 2023.
Dividend Increase
Board approved an increase in the quarterly dividend by $0.01 per share, marking the 50th consecutive sequential increase.
IPv4 Leasing Revenue Increase
IPv4 leasing revenue for the quarter increased sequentially by 11.8% to $12.6 million, representing a 27.2% increase year-over-year.
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CCOI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCOI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $78.96 | $71.42 | -9.55% |
| Nov 07, 2024 | $82.49 | $83.12 | +0.76% |
| Aug 08, 2024 | $64.84 | $66.10 | +1.94% |
| May 09, 2024 | $59.93 | $58.32 | -2.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cogent Communications (CCOI) report earnings?
Cogent Communications (CCOI) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Cogent Communications (CCOI) earnings time?
Cogent Communications (CCOI) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCOI EPS forecast?
CCOI EPS forecast for the fiscal quarter 2025 (Q1) is -1.05.
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