CCOI 11-DAY DEADLINE ALERT: Cogent Communications Holdings, Inc. Investors Alerted to September 21, 2026 Lead Plaintiff Deadline in Securities Fraud Class Action
Hagens Berman Sobol Shapiro LLP issued a deadline alert reminding Cogent Communications (NASDAQ: CCOI) investors of the September 21, 2026 lead plaintiff deadline in an ongoing securities fraud class action covering purchases between Feb. 29, 2024 and May 1, 2026. The underlying complaint alleges Cogent misrepresented its optical wavelength backlog as an indicator of expected revenue growth, pointing to a 20% sequential backlog decline disclosed in February 2025 and the company's decision to stop providing backlog data in February 2026.
Key figures
- Revenue
- 235600000
- Class period
- Feb. 29, 2024 - May 1, 2026
- Lead plaintiff deadline
- Sept. 21, 2026
- Service revenue q2 2026
- $235.6 million (service revenue, as characterized by the law firm)
- Backlog orders removed feb 2025
- 1500
- Backlog sequential decline feb 2025
- 20%
AI analysis
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