Cogent Communications Holdings, Inc. reports developments for a multinational, Tier 1 facilities-based Internet service provider that sells high-speed Internet access, Ethernet transport, private network and colocation services. Its all-optical IP network supports business customers, content providers, internet service providers and other bandwidth-intensive users across global markets.
Recurring company news centers on quarterly operating results, service revenue trends, on-net and net-centric activity, wavelength services, IPv4 address leasing and commercial or IP transit arrangements associated with its Sprint acquisition. Updates also include earnings calls, executive conference presentations and capital actions such as common stock buyback activity.
S&P Dow Jones Indices will rebalance the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 before the market opens on September 21, 2026, to keep each index aligned with its target market-cap range.
Dell Technologies, Palo Alto Networks, Arista Networks, and Sandisk will join the S&P 100, while NIKE, Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive exit. Bloom Energy, Everpure, and Illumina will enter the S&P 500, replacing Molson Coors Beverage, The Trade Desk, and Builders FirstSource, which move to the S&P SmallCap 600. Multiple constituents, including HubSpot, AGNC Investment, Corcept Therapeutics, Brinker International, Herc Holdings, Delek US Holdings, AXT, Arcutis Biotherapeutics, AtriCure, Capri Holdings, Boston Beer, and others shift among the S&P MidCap 400 and S&P SmallCap 600.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer will present at three investor conferences in September 2026. He will speak at the Goldman Sachs Communacopia + Technology Conference at The Palace San Francisco on Tuesday, September 8 at 2:25 p.m. PT; at the 2026 Citi Global TMT Conference at the New York Hilton on Wednesday, September 9 at 3:55 p.m. ET; and at the 2026 BofA Securities Media, Communications & Entertainment Conference at the Bank of America Pavilion in New York on Thursday, September 10 at 9:40 a.m. ET.
According to Cogent, investors and other interested parties can access live audio webcasts and 90‑day replays of all three presentations via the “Events” section of the company’s website at www.cogentco.com/events.
Saragon, a new U.S. data center company focused on colocation, high-density computing and AI inference, has launched with backing of up to $1 billion in committed capital from I Squared Capital. The company starts with 10 purpose-built data centers across nine U.S. markets, offering about 53 MW of installed power and 259,000 square feet of colocation space.
The facilities, acquired by I Squared from Cogent Fiber, LLC, are located in Chicago, Atlanta, Phoenix, Los Angeles, Kansas City, Baltimore, Houston, Nashville and Stockton. Steve Orlando has been appointed CEO and Kevin Dalton President, with Saragon planning rapid growth through investment, customer-led expansion and additional acquisitions.
Cogent Communications (NASDAQ: CCOI) reported Q2 2026 service revenue of $235.6 million, down 1.5% from Q1 2026 and 4.3% year over year. According to Cogent Communications, foreign exchange reduced sequential revenue by $0.3 million and increased year-over-year revenue by $0.7 million.
GAAP gross margin rose to 24.5%, while Non-GAAP gross margin reached 47.0%. EBITDA was $46.1 million (19.6% margin) and EBITDA, as adjusted for IP Transit payments, was $71.1 million (30.2% margin). Net earnings per share were $1.39, including a $130.7 million gain from the sale of ten owned data centers for $224.2 million of net proceeds.
IP network traffic grew 2% sequentially and 16% year over year. Total cash and restricted cash were $369.7 million. Cogent approved a quarterly dividend of $0.02 per share and repurchased $138.8 million par value of its 2032 secured notes through July 31, 2026, realizing $13.4 million in gains and reducing its net leverage ratio to 6.23x.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer will present at three investor conferences in August. He is scheduled to speak at the KeyBanc Technology Leadership Forum in Deer Valley, UT on August 10 at 11:30 a.m. MT, at the TD Cowen 12th Annual Communications Infrastructure Summit in Boulder, CO on August 11 at 3:45 p.m. MT, and at the virtual Oppenheimer 29th Annual Technology, Internet & Communications Conference on August 12 at 11:35 a.m. ET.
Investors and interested parties can access live audio webcasts and 90-day replays of all three presentations via the “Events” section of Cogent’s website at www.cogentco.com/events.
Cogent Communications (NASDAQ: CCOI) will hold its second quarter 2026 earnings conference call on August 6, 2026 at 8:30 a.m. ET to present operating results and take questions. A related earnings press release will be issued at 7:00 a.m. ET the same day. The call is open to all participants via U.S./Canada and international dial-in numbers using Conference ID 6641307, and via an audio webcast under the Events section of Cogent’s website. The webcast will remain accessible through August 20, 2026, with a printed transcript posted online when available.
Cogent Communications (NASDAQ: CCOI) announced that its indirect wholly owned subsidiary Cogent Fiber has closed the sale of 10 data center facilities for an aggregate cash purchase price of $225 million. The facilities are located across AZ, CA, GA, IL, MD, MO, TN and TX.
JVP, a global venture capital firm, reported a strong Q1 2026 with four strategic exits across cybersecurity and vertical AI. Key deals included a >6x return on DealHub, and exits in Pyramid Analytics, Medmo (via Covera Health merger), and 1touch.io.
These transactions, each described as valued in the hundreds of millions of dollars, highlight JVP’s thematic focus on AI, data, and cybersecurity, and its ecosystem strategy linking Israel, the U.S., and Europe.
Cogent Communications (NASDAQ: CCOI) agreed to sell 10 data center facilities owned by subsidiary Cogent Fiber for an aggregate $225 million in cash to a new entity sponsored by I Squared Capital. Closing is expected on or after June 12, 2026, subject to Hart-Scott-Rodino waiting periods.
I Squared Capital agreed to buy ten U.S. data centers from Cogent subsidiary Cogent Fiber, linked to Cogent Communications (NASDAQ: CCOI), for $225 million in cash. The portfolio provides about 53 MW of power and 259,000 sq ft of colocation space across nine constrained U.S. markets.
I Squared committed up to $1 billion to build a new U.S. colocation and AI inference platform using these liquid-cooling-capable, expansion-ready facilities, with closing targeted for Q3 2026 subject to customary regulatory approvals.