Workflow
Why Cogent (CCOI) Shares Are Falling Today
CogentCogent(US:CCOI) Yahoo Finance·2025-11-07 00:36

What Happened? Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 28.5% in the morning session after the company reported disappointing third-quarter results that fell short of revenue and EBITDA expectations. The internet service provider posted revenue of 241.9million,representinga5.9241.9 million, representing a 5.9% decrease year-on-year and missing Wall Street's forecasts. Although the company's GAAP loss of 0.87 per share was narrower than analysts had anticipated, this was overshadowed by the weak t ...