Cogent Q1 Loss Wider Than Expected, Revenues Decline Y/Y

Cogent Communications Inc. (CCOI) reported soft first-quarter 2025 results, with the bottom and top lines missing the Zacks Consensus Estimate. The Washington, DC-based leading Internet service provider reported a top-line decline year over year, owing to weakness in enterprise and corporate business.CCOI’s Net IncomeThe company reported a net loss of $52 million or a loss of$1.09 per share compared with a net loss of $65.3 million or a loss of$1.38 in the year-ago quarter. Despite top-line decline, lower ...