Cogent Communications Holdings, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Cogent Communications Holdings, Inc. reported a quarterly adjusted loss of 62 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -87 cents. The mean expectation of twelve analysts for the quarter was for a loss of 81 cents per share. Wall Street expected results to range from -97 cents to -55 cents per share.

• Revenue fell 4.4% to $231.20 million from a year ago; analysts expected $235.15 million.

• Cogent Communications Holdings, Inc.'s reported EPS for the quarter was a loss of 62 cents​.

• The company reported a quarterly loss of $30.15 million.

• Cogent Communications Holdings, Inc. shares had fallen by 12.8% this quarter and lost 68.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Cogent Communications Holdings, Inc. is $13.00, about 47.8% above its last closing price of $6.79

This summary was machine generated from LSEG data November 5 at 03:59 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)