Cogent Communications (CCOI) reported $239.19 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 3.2%. EPS of -$0.83 for the same period compares to -$1.09 a year ago.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $239.35 million. With the consensus EPS estimate being -$1.03, the EPS surprise was +19.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cogent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:- Customer Connections - Total: 116,809 versus 118,526 estimated by three analysts on average.
- Customer Connections - Non-Core: 2,633 compared to the 2,743 average estimate based on three analysts.
- Customer Connections - Off-net: 24,014 versus the three-analyst average estimate of 24,924.
- Customer Connections - Wavelength: 2,263 versus 2,340 estimated by three analysts on average.
- Customer Connections - On-net: 87,899 versus 89,323 estimated by three analysts on average.
- Revenue- Corporate Revenue: $101.04 million compared to the $102.89 million average estimate based on five analysts. The reported number represents a change of -8.7% year over year.
- Revenue- Enterprise: $32.39 million versus $34.01 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -26% change.
- Revenue- Net-Centric Revenue: $105.76 million versus $102.45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.2% change.
- Revenue- Service revenue- Non-Core revenue: $1.01 million compared to the $1.31 million average estimate based on three analysts. The reported number represents a change of -66.6% year over year.
- Revenue- Service revenue- On-Net revenue: $135.57 million compared to the $132.95 million average estimate based on three analysts. The reported number represents a change of +4.6% year over year.
- Revenue- Wavelength: $13.59 million versus the three-analyst average estimate of $14.11 million. The reported number represents a year-over-year change of +90.8%.
- Revenue- Service revenue- Off-Net revenue: $89.02 million compared to the $96.55 million average estimate based on three analysts. The reported number represents a change of -17% year over year.
View all Key Company Metrics for Cogent here>>>
Shares of Cogent have returned +21.9% over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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