Cogent Communications to Resume Stock Repurchase Program
Rhea-AI Summary
Cogent Communications (NASDAQ: CCOI) announced on Nov 17, 2025 that its Board has authorized management to resume the company's stock repurchase program. The company said it may purchase shares from time to time depending on market, economic, and other factors.
The repurchase program does not obligate Cogent to acquire any specific number of shares, and the company cannot guarantee the amount of shares that may be repurchased pursuant to the program, if any.
Positive
- Board authorized resumption of repurchases on Nov 17, 2025
- Company may repurchase shares opportunistically depending on market
Negative
- No obligation to acquire any specific number of shares
- No guarantee on the amount of shares that may be repurchased
News Market Reaction 14 Alerts
On the day this news was published, CCOI gained 5.41%, reflecting a notable positive market reaction. Argus tracked a peak move of +8.3% during that session. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $51M to the company's valuation, bringing the market cap to $996M at that time.
Data tracked by StockTitan Argus on the day of publication.
About Cogent
Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP. Cogent specializes in providing businesses with high-speed Internet access, Ethernet transport, and colocation services. Cogent's facilities-based, all-optical IP network backbone provides services in 302 markets globally.
Cogent is headquartered at 2450 N Street, NW,
Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Holdings, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.
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SOURCE Cogent Communications Holdings, Inc.