Cogent Communications Holdings, Inc. (CCOI) Class Action Lawsuit Seeks Recovery for Investors; September 21, 2026, Deadline - Contact Kessler Topaz Meltzer & Check, LLP

Did you buy CCOI common stock between February 29, 2024 and May 1, 2026? Affected CCOI Investor Summary Who: Cogent Communications Holdings, Inc. ( NASDAQ: CCOI ) What: Securities fraud class action lawsuit filed Class Period: February 29, 2024 through May 1, 2026 Deadline to Seek Lead Plaintiff Status: September 21, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's optical wavelength services and the nature of its purported "backlog" of wavelength orders. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com ) for recovery options RADNOR, Pa. , Aug. 23, 2026 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) , a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Cogent Communications Holdings, Inc. (Cogent) (NASDAQ: CCOI ) on behalf of those who purchased or acquired Cogent common stock between February 29, 2024 and May 1, 2026, inclusive. The lawsuit is filed in the United States District Court for the District of Columbia and is captioned Southfield Fire and Police Retirement System v. Cogent Communications Holdings, Inc. , No. 26-cv-02609 (D.D.C.). Investors have until September 21, 2026, to file for lead plaintiff status.

The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) the vast majority of the purported orders in Cogent's optical wavelength "backlog" were unlikely to ever result in a paid order; (2) large quantities of the customers in Cogent's purported optical wavelength "backlog" were unable or unwilling to accept delivery even if Cogent was in a position to provision the wavelength in a timely manner; (3) as a result of the foregoing, Defendants had materially misrepresented customer demand for Cogent's optical wavelength services and the nature of Cogent's purported "backlog" of wavelength orders; (4) as a result, Cogent was not on track to achieve its revenue and margin targets and such targets lacked a reasonable basis in objective fact; (5) Cogent did not have the financial capacity or business fundamentals to maintain its long-standing dividend policy; (6) there was a material, undisclosed risk that Defendant David Schaeffer would be forced to sell vast quantities of Cogent stock as a result of his high-risk pledging activities, thereby further depressing the price of Cogent stock in the event the truth regarding Cogent's "backlog," demand issues, and financial position were ever revealed; and (7) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Why did Cogent's Stock Drop? After numerous drops in Cogent's stock price relating to defendants' continual, material misrepresentations relating to customer demand for Cogent's optical wavelength services and the nature of the company's purported "backlog" of wavelength orders, the final drop occurred on May 4, 2026. On that day, Cogent disclosed further wavelength u...