Cogent Communications (CCOI) Misses Street's Q1 Views; Guides FY09 Above the Street
Cogent Communications Group, Inc. (Nasdaq: CCOI) reports Q1 loss of $0.19, 5 cents lower than the analyst estimate of ($0.14). Revenue for the quarter was $55.1 million, versus the consensus of $57.44 million.
Sees FY09 sales to be more than $250 million. Sees a loss of $0.15-$0.20. The Street is currently looking for FY09 sales of $242.92 million and a loss of $0.38.
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