In This Article:
Cogent Communications Holdings (NASDAQ:CCOI) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.04b (up 16% from FY 2023).
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Net loss: US$204.1m (down by 116% from US$1.27b profit in FY 2023).
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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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.