Telecommunication Services

Cogent Communications

I Squared Acquires Cogent Communication Holdings Data Center for $225 Million to Bet on AI Inference

Cogent Communications Plans to Monetize Data Centers to Deleverage and Expand Margins

Cogent Comms Hldgs Plans to Liquidate Sprint Data Centers and Refinance Debt

Cogent Communications released FY2026 Q1 earnings on May 4 Pre-Market (EST), actual revenue USD 219.69 M (forecast USD 241.45 M), actual EPS USD -0.8299 (forecast USD -0.9856)

Cogent Communications to Release FY2026 Q1 Earnings on May 4, Pre-Market EST; Forecast Revenue USD 241.45 M, EPS USD -0.9856

Granahan Investment Management LLC Reduces Holdings in Cogent Communications Holdings

Wells Fargo Downgrades Cogent Communications Target Price to $23

Cogent Communications Holdings Reports Earnings, Shares Drop

Cogent Communications released FY2025 Q4 earnings on February 20 Pre-Market EST, actual revenue USD 240.52 M (forecast USD 243.76 M), actual EPS USD -0.6449 (forecast USD -0.9716)

Cogent Communications released FY2025 Annual Earnings on February 20 Pre-Market (EST), Actual Revenue: USD 896.57 M (Forecast: USD 979.01 M), Actual EPS: USD -3.8009 (Forecast: USD -4.0953)

Cogent Communications to Release FY2025 Q4 Earnings on February 20, 2026, Pre-Market EST; Forecast Revenue USD 243.82 M, EPS USD -0.9707

Cogent Communications CFO Reports Sale of Company's Common Stock

Cogent Communications Exec Henry W. Kilmer Sells Stock

Cogent Communications Holdings Receives Multiple Ratings and Announces Stock Repurchase

Goldman Sachs Downgrades Cogent Communications Rating Leading to Stock Price Drop

Analyst Maintains Buy Rating on Cogent Communications with Price Target Cut

Cogent Communications released FY2025 Q3 earnings on November 6 Pre-Market EST, actual revenue USD 222.78 M (forecast USD 246.13 M), actual EPS USD -0.8727 (forecast USD -1.0183)

Cogent Communications released FY2025 9 Months earnings on November 6 Pre-Market (EST), actual revenue USD 675.84 M, actual EPS USD -3.1788

Cogent Communications to Release FY2025 Q3 Earnings on November 6, Pre-Market EST; Forecast Revenue USD 246.13 M, EPS USD -1.0183

Cogent Communications' Vice President and CFO Reports Disposal of Company Common Stock

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CCOI

Cogent Communications plans to sell 10 data centers to I Squared Capital for $225 million to reduce leverage and address concerns about its 2027 notes. CEO Dave Schaeffer stated this move aims to revive a more aggressive return-of-capital program. The sale is expected to close by June 12, with 14 data centers remaining under review for potential sale. Schaeffer noted that data centers are not core to Cogent's business, contributing only 3% of total revenue.

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Cogent Communications Sees Data Center Sale Easing Debt Fears, Reviving Capital Returns

I Squared Capital has acquired 10 data center facilities from Cogent Fiber for $225 million, aiming to establish a new U.S. data center operating platform focused on AI infrastructure. The investment includes an additional $1 billion for upgrades and expansions, highlighting a shift towards decentralized data centers for AI inference. The facilities offer 53 megawatts of power capacity and 259,000 square feet of space across nine U.S. markets.

I Squared bets on AI inference with $225 million data center buy from Cogent

Cogent Communications Holdings, Inc. announced that its subsidiary, Cogent Fiber, LLC, will sell 10 US data centers to an entity sponsored by I Squared Capital for $225 million. The transaction is expected to close on June 12 or after the Hart-Scott-Rodino waiting period. Cogent's shares rose 7.98% in pre-market trading, reaching $19.61.

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Cogent Subsidiary To Sell 10 US Data Centers For $225 Mln In Cash

JVP Marks Strong Q1 2026 with Four Strategic Exits | CCOI Stock News

StockTitan

JVP Marks Strong Q1 2026 with Four Strategic Exits | CCOI Stock News

Cogent Communications Announces Definitive Agreement to Sell 10 Data Center Facilities | CCOI Stock News

Cogent Communications Announces Definitive Agreement to Sell 10 Data Center Facilities | CCOI Stock News

Citigroup has lowered its price target for Cogent Communications (NASDAQ:CCOI) from $22.00 to $20.00, maintaining a 'neutral' rating. This new target suggests a potential upside of 13.95% from the stock's previous close. Other analysts have also adjusted their targets, with an average rating of 'Hold' and a consensus target price of $24.90.

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

KEYCORP DEP SHS REP 1/40TH NON CUM PER PFD SER G

KEYCORP DEP SHS REPSTG 1/40TH INT PERP NON CUM H

KEYCORP DEP SHS REP 1/40TH PERP PFD SER F USD25

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Citigroup Cuts Cogent Communications (NASDAQ:CCOI) Price Target to $20.00

Cogent Communications CEO Dave Schaeffer highlighted the company's focus on deleveraging and expanding margins following its acquisition of Sprint's fiber assets. The company plans to monetize its data center portfolio, with 10 facilities under a purchase agreement expected to close by early summer. Proceeds will support debt reduction, with a goal to lower net leverage from 6.7 times to 4 times. Schaeffer noted strong demand for wavelength services, partly driven by AI, and expects continued EBITDA growth and margin expansion.

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

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JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Cogent Communications Highlights Data Center Sales, AI Demand in Deleveraging Push

Cogent Communications(CCOI.US)

Cogent Communications Sees Data Center Sale Easing Debt Fears, Reviving Capital Returns

I Squared bets on AI inference with $225 million data center buy from Cogent

Cogent Subsidiary To Sell 10 US Data Centers For $225 Mln In Cash

JVP Marks Strong Q1 2026 with Four Strategic Exits | CCOI Stock News

Cogent Communications Announces Definitive Agreement to Sell 10 Data Center Facilities | CCOI Stock News

Citigroup Cuts Cogent Communications (NASDAQ:CCOI) Price Target to $20.00

Cogent Communications Highlights Data Center Sales, AI Demand in Deleveraging Push