Cogent Communications reported Q3 2026 service revenue of $231.2 million, down 1.8% from Q2 2026 and 4.4% year-over-year, impacted slightly by foreign exchange rates. Despite the revenue decline, adjusted EBITDA rose 3.9% sequentially to $73.9 million, with the EBITDA margin improving to 32.0%. The company reduced network and administrative expenses and capital expenditures, while increasing wavelength revenue by 7.8% sequentially. Cogent also suspended its dividend program, citing financial position and operational factors, and is pursuing the sale of four data centers acquired from Sprint for approximately $100 million. The company remains focused on optimizing its network and financial structure amid ongoing market challenges.
Cogent Communications reported Q3 2026 service revenue of $231.2 million, down 1.8% from Q2 2026 and 4.4% year-over-year, as of Nov 05, 2026 18:13 WIB. For readers following the Technology sector, here is Pluang's market snapshot: out of 150 priced US tech stocks, 42 rose and 99 fell today. Notable movers include RELY at USD 25.80 with a 1-day change of -4.73% and 100% sell order activity, API at USD 4.16 down 4.59%, and AXTI at USD 45.54 down 4.21% with nearly balanced buy/sell activity.
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Firmly secured $15 million in a Series A funding round led by Squarepoint Capital, with participation from J.P. Morgan Payments, Mastercard, and Samsung NEXT. The company provides a no-code platform that connects merchants to AI-driven shopping chann...
On November 4, 2026, Shell plc repurchased a total of 1,876,276 shares across multiple trading venues including LSE, Chi-X, BATS, XAMS, CBOE, and TQEX. The shares were bought at prices ranging from £37.98 to £38.82 and €45.70 to €46.72, with an avera...
