Cogent (CCOI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Cogent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Customer Connections - On-net: 88,013 versus the three-analyst average estimate of 88,309.
• Customer Connections - Non-Core: 2,348 versus 2,205 estimated by three analysts on average.
• Customer Connections - Wavelength: 2,445 versus the three-analyst average estimate of 2,468.
• Customer Connections - Total: 115,839 versus the three-analyst average estimate of 117,345.
• Customer Connections - Off-net: 23,033 versus 24,363 estimated by three analysts on average.
• Revenue- Corporate Revenue: $98.63 million versus $101.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
• Revenue- Enterprise: $29.5 million compared to the $33.61 million average estimate based on four analysts. The reported number represents a change of -26.1% year over year.
• Revenue- Net-Centric Revenue: $107.43 million versus $105.65 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
• Revenue- Wavelength: $14.83 million versus $15.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +63.8% change.
• Revenue- Service revenue- Non-Core revenue: $0.87 million versus the two-analyst average estimate of $1.05 million. The reported number represents a year-over-year change of -67.5%.
• Revenue- Service revenue- On-Net revenue: $135.37 million compared to the $134 million average estimate based on two analysts. The reported number represents a change of +2.3% year over year.
• Revenue- Service revenue- Off-Net revenue: $84.49 million versus the two-analyst average estimate of $90.53 million. The reported number represents a year-over-year change of -17.3%.

View all Key Company Metrics for Cogent here>>>

Shares of Cogent have returned +4.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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