Cogent Communications Holdings Stock Earnings Reports
Cogent Communications Holdings Earnings Calls
Release date | Feb 27, 2025 |
EPS estimate | -$1.22 |
EPS actual | - |
Revenue estimate | 258.485M |
Revenue actual | - |
Expected change | +/- 8.75% |
Release date | Nov 07, 2024 |
EPS estimate | -$1.34 |
EPS actual | -$1.33 |
EPS Surprise | 0.746% |
Revenue estimate | 258.872M |
Revenue actual | 257.202M |
Revenue Surprise | -0.645% |
Release date | Aug 08, 2024 |
EPS estimate | -$1.31 |
EPS actual | -$0.750 |
EPS Surprise | 42.75% |
Revenue estimate | 264.44M |
Revenue actual | 260.443M |
Revenue Surprise | -1.51% |
Release date | May 09, 2024 |
EPS estimate | -$1.10 |
EPS actual | -$1.29 |
EPS Surprise | -17.27% |
Revenue estimate | 271.81M |
Revenue actual | 266.168M |
Revenue Surprise | -2.08% |
Last 4 Quarters for Cogent Communications Holdings
Below you can see how CCOI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | May 09, 2024 |
Fiscal end date | Mar 31, 2024 |
Price on release | $61.70 |
EPS estimate | -$1.10 |
EPS actual | -$1.29 |
EPS surprise | -17.27% |
Date | Price |
---|---|
May 03, 2024 | $63.07 |
May 06, 2024 | $63.65 |
May 07, 2024 | $63.07 |
May 08, 2024 | $63.40 |
May 09, 2024 | $61.70 |
May 10, 2024 | $59.59 |
May 13, 2024 | $59.11 |
May 14, 2024 | $58.51 |
May 15, 2024 | $58.69 |
4 days before | -2.17% |
4 days after | -4.88% |
On release day | -3.42% |
Change in period | -6.94% |
Release date | Aug 08, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $68.79 |
EPS estimate | -$1.31 |
EPS actual | -$0.750 |
EPS surprise | 42.75% |
Date | Price |
---|---|
Aug 02, 2024 | $66.85 |
Aug 05, 2024 | $64.28 |
Aug 06, 2024 | $67.35 |
Aug 07, 2024 | $67.48 |
Aug 08, 2024 | $68.79 |
Aug 09, 2024 | $71.49 |
Aug 12, 2024 | $71.81 |
Aug 13, 2024 | $71.98 |
Aug 14, 2024 | $72.27 |
4 days before | 2.90% |
4 days after | 5.06% |
On release day | 3.92% |
Change in period | 8.11% |
Release date | Nov 07, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $85.24 |
EPS estimate | -$1.34 |
EPS actual | -$1.33 |
EPS surprise | 0.746% |
Date | Price |
---|---|
Nov 01, 2024 | $81.62 |
Nov 04, 2024 | $81.43 |
Nov 05, 2024 | $81.58 |
Nov 06, 2024 | $84.70 |
Nov 07, 2024 | $85.24 |
Nov 08, 2024 | $83.75 |
Nov 11, 2024 | $80.45 |
Nov 12, 2024 | $79.04 |
Nov 13, 2024 | $78.64 |
4 days before | 4.44% |
4 days after | -7.74% |
On release day | -1.74% |
Change in period | -3.65% |
Release date | Feb 27, 2025 |
Fiscal end date | Dec 30, 2024 |
Price on release | - |
EPS estimate | -$1.22 |
EPS actual | - |
Date | Price |
---|---|
Feb 06, 2025 | $79.58 |
Feb 07, 2025 | $80.39 |
Feb 10, 2025 | $82.38 |
Feb 11, 2025 | $81.89 |
Feb 12, 2025 | $81.92 |
Cogent Communications Holdings Earnings Call Transcript Summary of Q3 2024
- Financial Performance:
- Total revenue for Q3 2024 was $257.2 million.
- Significant impact from the grooming of low-margin off-net connections and a decline in revenues from the T-Mobile commercial services agreement, which dropped from $5.9 million in Q2 to $4.1 million.
- Revenue from non-core products also saw a sequential decline.
- Improved EBITDA by $8.7 million sequentially; EBITDA margin rose to 13.9%.
- Adjusted EBITDA was $60.9 million for the quarter, reflecting a decline from the previous quarter.
- Cost Savings and Synergies:
- Achieved $165 million in cost savings (75% of the target) from the Sprint acquisition ahead of the expected timeline.
- SG&A expenses decreased by 7.5% sequentially.
- Traffic Growth and Customer Metrics:
- Network traffic increased by 8% sequentially and 19% year-over-year.
- Sales force productivity improved, with average orders per rep per month increasing to four.
- Wavelength Services:
- Wavelength revenue increased by 45.8% sequentially and 76.7% year-over-year.
- Cogent aims to expand wavelength service capabilities to over 800 locations by year-end and is working to reduce provision times.
- Dividend Increase:
- Quarterly dividend raised to $0.995 per share, marking the 49th consecutive increase, representing a 4.2% annual growth rate.
- Long-term Outlook:
- Expect to achieve average long-term revenue growth of 5%-7% and adjusted EBITDA margins expansion of about 100 basis points annually.
- Navigating increased debt ratios due to lower IP transit payments from T-Mobile, yet confident in future operational cash flow.
- Asset Monetization Strategy:
- Actively pursuing opportunities to monetize excess data center capacity, IPv4 addresses, and dark fiber assets.
- Expecting ongoing discussions for both sales and leases, aligning with market demand for data center power.
- Market Conditions for Data Centers:
- The data center market is experiencing robust demand, and plans are in place for the conversion of Sprint facilities into operational data centers.
- Significant interest in wholesale leasing versus outright sales due to increased market value of the power capacity available.
- IPv4 Leasing Insights:
- Revenue from IPv4 leasing grew 11.8% sequentially; price increases have been implemented, with expectations for continued growth.
- Comments on Competition:
- Cogent challenges the notion that the internet is declining or insufficient, emphasizing robust traffic and capacity growth despite competitors’ claims.
Investors should note Cogent's strong cost-saving performance post-acquisition, growth in specific revenue streams like wavelength services and IPv4 leasing, and the proactive approach to monetizing assets, all of which contribute to a positive long-term outlook despite current challenges with legacy contracts and debt ratios. The steady dividend growth may also highlight the company's commitment to returning capital to shareholders.