Cogent Q2 Revenue Falls Short, Stock Drops 15.2%

Earnings

โดย Yahoo Finance·

·Read original

Summary · why it matters

Cogent Communications reported second-quarter revenue of $235.6 million, down 4.3% year over year and 1.7% below analyst expectations, though it beat earnings per share estimates. The stock has fallen 15.2% since the report and now trades at $10.91. Among the five telecommunication services stocks tracked, Array posted the strongest results with revenue up 89.5% to $54.07 million, while Iridium was the weakest with a significant EPS miss despite revenue of $225.2 million. Lumen Technologies reported revenue of $2.81 billion, down 9.3% year over year but beating estimates by 2.4%, and Viasat reported revenue of $1.16 billion, down 1.2% and missing estimates by 4.4%. As a group, revenues were in line with consensus, but average share prices are down 3.8% since the latest earnings results.

Cogent Communications Group Inc ▼

Array Digital Infrastructure, Inc. ▲

Iridium Communications Inc ▼

Lumen Technologies Inc ▲

Impact on stocks 7

Cloud & Digital Infrastructure± Mixed · 3 stocks

Cogent Communications Group Inc

▼ NegativeCapitalrelevance

Q2 revenue missed estimates and fell 4.3% YoY, causing stock to drop 15.2%.

Array Digital Infrastructure, Inc.

▲ PositiveDemandrelevance

Array posted strongest results with revenue up 89.5% to $54.07 million.

Lumen Technologies Inc

▲ PositiveCapitalrelevance

Lumen revenue beat estimates by 2.4% despite YoY decline.

Space Economy▼ · 2 stocks

Iridium Communications Inc

▼ NegativeCapitalrelevance

Iridium was weakest with significant EPS miss despite revenue of $225.2 million.

Space Exploration Technologies Corp. Class A Common Stock

Mentioned

Defense & Geopolitical Fragmentation▼ · 1 stocks

▼ NegativeCapitalrelevance

Viasat revenue missed estimates by 4.4% and fell 1.2% YoY.

Cybersecurity & Digital Trust▲ · 1 stocks

Mentioned