Cogent's Q1: Sprint Losses, Data Center Sales, and Debt Paydown

Cogent Communications Q1 results missed estimates, with revenue down 3.2% and adjusted EBITDA significantly short of forecast. Losses from Sprint wireline customers weighed heavily, but the core on-net business held steady. Shares plummeted, and the companys market cap now stands at around $795 million. Analysts questioned organic growth prospects, and data center sales from the Sprint deal are under scrutiny. Future focus areas include data center closings, on-net revenue, easing equipment costs, and deleveraging. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/767cdd589ff0e411