Cogent Communications reported a 3.2% decline in Q1 revenue to $239.13 million, driven by ongoing decreases in legacy off-net segments. Despite this, profitability metrics showed improvement with GAAP gross profit at 23.4% and EBITDA margin rising to 18.9%, although the GAAP net margin remained negative at -16.5%. The company faces significant risks due to a high debt load of $2.57 billion and a weak cash position of $140 million. Operational improvements are expected to slow in 2026, and the outlook depends on stabilizing profitability, cash flow, and asset sales, especially data centers. The analyst maintains a Hold rating, awaiting clearer signs of financial stability before recommending investment.
Autonomize, a healthcare AI platform, has strengthened its leadership by appointing three industry veterans to its Advisory Board and hiring Mike Longacre as Head of Transformation. These moves aim to help healthcare organizations move beyond AI pilo...
Fairfax Financial Holdings has finalized its acquisition of Kennedy-Wilson Holdings at $10.90 per share in cash, led by a consortium including Kennedy Wilson's CEO William McMorrow and affiliates of Fairfax. The Kennedy Wilson management team retains...
Aya Gold & Silver Inc., a Canadian precious metals mining company operating in Morocco, will be added to the VanEck Gold Miners ETF (GDX) effective June 19, 2026. This inclusion marks a significant milestone reflecting the company's growth in product...
Nephros, Inc. emphasizes its ultrafiltration technology's ability to capture microplastics and nanoplastics in water, following the U.S. EPA's April 2026 decision to list microplastics as a priority contaminant under the Safe Drinking Water Act. The ...
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
