Cogent Communications Holdings shares gained 14% in the past week after the company reported a narrower second-quarter loss and improving earnings estimates. The loss excluding non-recurring items narrowed to 80 cents per share from $1.21 a year earlier, beating the Zacks Consensus Estimate for a loss of $1.12 per share. Service revenues fell 4.3% year over year to $235.6 million, missing the consensus estimate of $240.9 million, as off-net business declined and the Sprint wireline base continued to run off. Non-GAAP gross margin reached 47%, up from 44.4% a year earlier, while adjusted EBITDA margin was 30.2% compared with 29.8% in the prior-year quarter. Net leverage adjusted for amounts due from T-Mobile stood at 6.23 times, down from 6.79 times in the prior quarter, and the company faces a $750 million unsecured-note maturity in June 2027 with refinancing expected in the third quarter of 2026.
Cogent Communications Group IncNarrower quarterly loss and improved earnings estimates beat consensus, driving shares up 14%.
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