Cogent Communications Announces Closing of Sale of 10 Data Center Facilities

Rhea-AI Summary

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.

Positive

• Closed sale of 10 data center facilities for $225 million in cash
• Transaction involves indirect wholly owned subsidiary Cogent Fiber, simplifying asset ownership structure

Negative

• Company no longer owns 10 data center facilities across 10 U.S. cities

News Market Reaction – CCOI

+5.63%

27 alerts

+5.63% Session close to close

+13.2% Peak Tracked

-3.4% Trough Tracked

$724.12M Market Cap

0.4x Rel. Volume

In the Jun 30 session, CCOI gained 5.63%, reflecting a notable positive market reaction. Argus tracked a peak move of +13.2% during that session. Argus tracked a trough of -3.4% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with pri...

Analysis

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with prior enthusiasm for the original $225M data-center sale announcement, but recent insider net selling and moderate short interest highlight overhangs that could cap follow-through if fundamental execution disappoints.

Key Figures

Data center sale price: $225 million Data center facilities: 10 facilities Share price: $13.41 +4 more

7 metrics

Data center sale price $225 million Aggregate cash consideration for 10 facilities

Data center facilities 10 facilities Sold by Cogent Fiber, LLC to I Squared-sponsored entity

Share price $13.41 Last close before article

Daily price change 1.9% Change over prior 24 hours before news

Short interest 12.61% Of free float as of 2026-05-29

Park West holding 2,806,339 shares Beneficial ownership reported in Schedule 13G/A

Ownership stake 5.6% of class Park West and affiliates’ reported position

Historical Context

5 past events · Latest: May 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 26	VC portfolio exits	Positive	+9.9%	Venture backer JVP reported four sizable exits in AI and cybersecurity.
May 26	Asset sale agreement	Positive	+9.9%	Cogent agreed to sell 10 data centers for $225M in cash to I Squared.
May 26	AI data center plan	Positive	+9.9%	I Squared launched an AI colocation platform anchored by Cogent’s 10 data centers.
May 06	Conference presentations	Neutral	-8.1%	CEO scheduled to present at two major technology and telecom investor conferences.
May 04	Q1 2026 earnings	Negative	-29.3%	Q1 2026 results showed revenue decline and modest EBITDA margin, pressuring shares.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent CCOI headlines have produced large swings, with asset-sale and AI-related news drawing strong gains while earnings updates have seen sharp selling.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WASHINGTON, June 29, 2026 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ: CCOI) today announced that its indirect wholly owned subsidiary, Cogent Fiber, LLC, has closed the previously announced sale of 10 data center facilities for an aggregate purchase price of $225 million in cash to a newly formed entity sponsored by I Squared Capital.

The 10 facilities are located in Phoenix, AZ, Anaheim, CA, Burbank, CA, Stockton, CA, Atlanta, GA, Chicago, IL, Elkridge, MD, Kansas City, MO, Nashville, TN and Houston, TX.

About Cogent

Cogent (NASDAQ: CCOI) is a facilities-based provider of low cost, high speed Internet access and private network services to bandwidth intensive businesses. Cogent's facilities-based, all-optical IP network provides services in 306 markets globally.

Cogent is headquartered at 2450 N Street, NW, Washington, D.C. 20037. For more information, visit www.cogentco.com. Cogent can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cogent-communications-announces-closing-of-sale-of-10-data-center-facilities-302813574.html

SOURCE Cogent Communications Holdings, Inc.

FAQ

What did Cogent Communications (NASDAQ: CCOI) announce on June 29, 2026 about its data centers?

Cogent Communications announced the closing of a sale of 10 data center facilities for $225 million in cash. According to Cogent, the transaction was executed through its indirect wholly owned subsidiary, Cogent Fiber, to a newly formed entity.

How much did Cogent Communications receive for selling 10 data center facilities (CCOI)?

Cogent Communications received an aggregate cash purchase price of $225 million for the 10 data center facilities. According to Cogent, the all-cash transaction was completed through its indirect wholly owned subsidiary, Cogent Fiber, with a buyer sponsored by I Squared Capital.

Who bought Cogent Communications’ 10 data center facilities from Cogent Fiber (CCOI)?

The 10 data center facilities were sold to a newly formed entity sponsored by I Squared Capital. According to Cogent, this entity acquired all facilities in a single $225 million cash transaction involving the subsidiary Cogent Fiber.

Where are the 10 data center facilities sold by Cogent Communications (CCOI) located?

The sold data centers are located in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville and Houston. According to Cogent, these facilities span AZ, CA, GA, IL, MD, MO, TN and TX in key U.S. markets.

Which Cogent Communications subsidiary completed the $225 million data center sale (CCOI)?

The sale was completed by Cogent Fiber, an indirect wholly owned subsidiary of Cogent Communications. According to Cogent, Cogent Fiber closed the previously announced transaction involving 10 data center facilities sold for $225 million in cash to an I Squared Capital-sponsored entity.