Cogent Communications Holdings Inc (FRA:OGM1)

€ 42 +0.80 (+1.94%) Market Cap: 2.11 Bil Enterprise Value: 3.99 Bil PE Ratio: 0 PB Ratio: 17.37 GF Score: 70/100

Q1 2025 Cogent Communications Holdings Inc Earnings Call Transcript

May 8, 2025 / 12:30 PM GMT

Release Date Price: €43.4 (-6.06%)

Transcript 10-Q8-K

Key Points

Positve

Cogent Communications Holdings Inc (CCOI) achieved a significant milestone by offering wavelength services in 883 data centers with 10GB, 100GB, and 400GB capabilities.
Wavelength revenues for the quarter increased by 114% over the same period in 2023, reaching $7.1 million.
The company has materially reduced provisioning times to approximately 30 days.
Cogent Communications Holdings Inc (CCOI) has realized the remainder of its targeted $220 million in cost savings from the acquisition of Sprint.
Gross margin increased by 790 basis points from the first quarter of 2024 to 44.6%.

Negative

Corporate revenue decreased by 11.4% year over year and 2.1% sequentially, primarily due to the grooming of low-margin off-net connections.
Net-centric revenue declined sequentially by 1.1% and was negatively impacted by a decline in revenue from the commercial service agreement with T-Mobile.
Enterprise revenue decreased by 11.3% year over year and sequentially by 4.1%, primarily due to a reduction in non-core and low-margin enterprise revenues.
Off-net revenue decreased by 9.2% year over year and 5.2% sequentially.
The company has increased its leverage, leading the board to slow the rate of dividend growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CCOI.OQ - Cogent Communications Holdings Inc
Q1 2025 Cogent Communications Holdings Inc Earnings Call
May 08, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Cogen Communication Holdings. 1st 2025 earnings conference call. As a reminder, this conference call is being recorded and it will be available for replay at www.ogenco.com. A transcript of this conference call will be posted.

On cogent's website when it becomes available, cogent's summary of financial and operational results attached to its press release can be downloaded for the cogent website. I would not like to turn the call over to Mr. Dave Schafer, Chairman and Chief Executive Officer of Cogent Communication Holdings. Please go ahead.

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Unidentified_2 [2]
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