Cogent Communications Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Cogent Communications Holdings Inc CCOI.OQ reported a quarterly adjusted loss of $1.09​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.38. The mean expectation of twelve analysts for the quarter was for a loss of $1.07 per share. Wall Street expected results to range from $-1.61 to -69 cents per share.

• Revenue fell 7.2% to $247.05 million from a year ago; analysts expected $250.97 million.

• Cogent Communications Holdings Inc's reported EPS for the quarter was a loss of $1.09​.

• The company reported a quarterly loss of $52.04 million.

• Cogent Communications Holdings Inc shares had fallen by 13.2% this quarter and lost 31.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Cogent Communications Holdings Inc is $86.00

This summary was machine generated from LSEG data May 8 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)