Cogent Communications Holdings Securities Fraud Class Action Result of Undisclosed Demand and Backlog Issues and approximately 29% Stock Decline - Investors may Contact Reed Kathrein at Hagens Berman Sobol Shapiro LLP

Hagens Berman Sobol Shapiro LLP announced a securities fraud class action against Cogent Communications Holdings covering investors who purchased CCOI stock between February 29, 2024 and May 1, 2026. The complaint alleges Cogent misrepresented demand for its optical wavelength services, claiming its touted backlog was unlikely to convert to revenue; the release cites a 20% sequential backlog decline and removal of 1,500 orders disclosed on February 27, 2025, and the company's decision to stop reporting backlog data on February 20, 2026. The lead plaintiff deadline is September 21, 2026, and the firm is soliciting investors with substantial losses, plus whistleblowers via the SEC program.

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