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Cogent (CCOI) Reports Q3 Earnings: What Key Metrics Have to Say
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Cogent Communications (CCOI - Free Report) reported $231.2 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 4.4%. EPS of -$0.62 for the same period compares to -$0.87 a year ago.
The reported revenue represents a surprise of -1.37% over the Zacks Consensus Estimate of $234.41 million. With the consensus EPS estimate being -$0.83, the EPS surprise was +25.3%.
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 - On-net: 87,326 versus the three-analyst average estimate of 88,696.
Customer Connections - Non-Core: 2,177 versus the three-analyst average estimate of 2,012.
Customer Connections - Off-net: 22,453 versus the three-analyst average estimate of 22,504.
Customer Connections - Total: 114,678 versus the three-analyst average estimate of 114,928.
Total On-Net buildings: 3,665 compared to the 3,651 average estimate based on two analysts.
Revenue- Corporate Revenue: $97.09 million versus the five-analyst average estimate of $98.6 million. The reported number represents a year-over-year change of -7.7%.
Revenue- Enterprise: $26.95 million compared to the $28.74 million average estimate based on five analysts. The reported number represents a change of -26.1% year over year.
Revenue- Net-Centric Revenue: $107.16 million compared to the $107.06 million average estimate based on five analysts. The reported number represents a change of +6.9% year over year.
Revenue- Wavelength: $15.98 million versus the three-analyst average estimate of $15.88 million. The reported number represents a year-over-year change of +57%.
Revenue- Service revenue- Non-Core revenue: $0.74 million versus $0.7 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -46.8% change.
Revenue- Service revenue- On-Net revenue: $137.89 million versus the two-analyst average estimate of $137.33 million. The reported number represents a year-over-year change of +1.9%.
Revenue- Service revenue- Off-Net revenue: $76.59 million compared to the $82.01 million average estimate based on two analysts. The reported number represents a change of -19.5% year over year.
Shares of Cogent have returned -31.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Cogent (CCOI) Reports Q3 Earnings: What Key Metrics Have to Say
Cogent Communications (CCOI - Free Report) reported $231.2 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 4.4%. EPS of -$0.62 for the same period compares to -$0.87 a year ago.
The reported revenue represents a surprise of -1.37% over the Zacks Consensus Estimate of $234.41 million. With the consensus EPS estimate being -$0.83, the EPS surprise was +25.3%.
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:View all Key Company Metrics for Cogent here>>>
Shares of Cogent have returned -31.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.