Cogent Communications Group Earnings: Here’s Why Investors are Ambivalent Now
Cogent Communications Group Inc. (NASDAQ:CCOI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Cogent Communications Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.01 in the quarter versus EPS of $-0.05 in the year-earlier quarter.
Revenue: Rose 10.03% to $84.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cogent Communications Group Inc. reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.02. It missed the average revenue estimate of $85.53 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…