Cogent's Q3 Loss Narrower Than Expected, Revenues Down Y/Y
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Cogent Communications reported a narrower-than-expected loss for Q3, despite a year-over-year decline in revenues due to decreasing customer connections. However, the company saw healthy growth in wavelength sales.
November 08, 2024 | 4:45 pm
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Cogent Communications' Q3 results show a narrower-than-expected loss, with revenues down year-over-year due to declining customer connections. However, there is positive growth in wavelength sales.
The narrower-than-expected loss is a positive sign, but the year-over-year revenue decline due to fewer customer connections is a concern. The growth in wavelength sales is a positive aspect, balancing the overall impact to neutral in the short term.
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IMPORTANCE 70
RELEVANCE 100