Cogent Communications Holdings (NASDAQ:CCOI) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.04b (up 16% from FY 2023).
• Net loss: US$204.1m (down by 116% from US$1.27b profit in FY 2023).
• US$4.29 loss per share (down from US$26.88 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cogent Communications Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are down 9.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cogent Communications Holdings has 3 warning signs (and 2 which don't sit too well with us) we think you should know about.

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