Episode Details

Cogent Communications just cashed in big time—$225 million from selling ten data centers—sparking a stock surge that fizzled slightly but still left investors smiling. The deal, handled by subsidiary Cogent Fiber and sold to I Squared Capital-backed buyers, signals a major cash infusion, though the market’s enthusiasm cooled a bit. It’s not unusual for Cogent’s stock to swing wildly—over 40 moves over 5% in just a year. Still, this sale is a bright spot in a tough tech climate: corporate spending is under pressure, interest rates are expected to stay high, and Cogent’s shares are down sharply this year compared to last summer’s highs. Positive step? Yes. Game-changer? Maybe not yet.

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