Cogent Communications Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Cogent Communications Holdings Inc CCOI.OQ reported a quarterly adjusted loss of $1.21​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -68 cents. The mean expectation of twelve analysts for the quarter was for a loss of 93 cents per share. Wall Street expected results to range from $-1.39 to -24 cents per share.

• Revenue fell 5.5% to $246.25 million from a year ago; analysts expected $249.62 million.

• Cogent Communications Holdings Inc's reported EPS for the quarter was a loss of $1.21​.

• The company reported a quarterly loss of $57.81 million.

• Cogent Communications Holdings Inc shares had fallen by 9.0% this quarter and lost 43.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $74.50, about 41.1% above its last closing price of $43.88

This summary was machine generated from LSEG data August 7 at 04:49 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)