Cogent Communications Holdings Inc

CCOI: XNAS (USA)
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Cogent Earnings: Shares Freefall as Investors Left Uncertain About the Sprint Deal Transformation

Shares of Cogent sank over 20% following its second-quarter earnings release, as investors were left uninspired about the potential of a successful and accretive rollup of the Sprint wireline assets. Revenue and margins were decent, but Cogent's obscured future is what is on investors' minds.

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