Exhibit 99.1

Cogent Communications Reports First Quarter 2015 Results
and Increases Regular Quarterly Dividend on Common Stock

Financial and Business Highlights

·                  Service revenue for Q1 2015, on a constant currency basis, increased at an accelerated rate sequentially by 2.9% from Q4 2014 to Q1 2015 and increased by 9.3% from Q1 2014

·                  Cogent approves a 3.1% increase of its regular quarterly dividend to $0.33 per common share to be paid on June 12, 2015 to shareholders of record on May 22, 2015

·                  Under Cogent’s return of capital program, Cogent purchased 232,000 shares of its common stock for $8.1 million during Q1 2015

·                  Cogent will pay an additional $3.9 million, or $0.09 per share with its regular quarterly dividend in order to pay a total of $12.0 million under its return of capital program for a total dividend for the second quarter of $0.42 per share

·                  EBITDA, as adjusted (by adding back net neutrality fees but excluding asset related gains), for Q1 2015 of $31.0 million — increased by 1.1% from $30.7 million for Q1 2014 and on a constant currency basis increased by 6.5% from Q1 2014 to Q1 2015

·                  Cash flows from operating activities for Q1 2015 of $18.4 million — an increase of 72.7% from $10.6 million from Q1 2014

·                  Cash and cash equivalents were $260.1 million at March 31, 2015

·                  There were 2,155 buildings on the Cogent network at the end of Q1 2015

·                  There were 47,411 customer connections on the Cogent network at the end of Q1 2015 — an increase of 13.0% from 41,947 customer connections at the end of Q1 2014 and an increase of 2.6% from 46,222 customer connections at the end of Q4 2014

[WASHINGTON, D.C. May 7, 2015] Cogent Communications Holdings, Inc. (NASDAQ: CCOI) today announced  service revenue of $97.2 million for the three months ended March 31, 2015, an increase of 4.6% from $92.9 million for the three months ended March 31, 2014 and an increase of 0.5% from $96.7 million for the three months ended December 31, 2014.  The impact of foreign exchange negatively impacted service revenue growth from Q1 2014 to Q1 2015 by $4.3 million and negatively impacted service revenue growth from Q4 2014 to Q1 2015 by $2.3 million.  On a constant currency basis, service revenue grew by 9.3% from Q1 2014 to Q1 2015 and grew by 2.9% from Q4 2014 to Q1 2015.

On-net service is provided to customers located in buildings that are physically connected to Cogent’s network by Cogent facilities. On-net revenue was $71.2 million for the three months ended March 31, 2015; an increase of 3.1% over $69.1 million for the three months ended March 31, 2014 and a decrease of 0.1% from $71.3 million for the three months ended December 31, 2014.

Off-net customers are located in buildings directly connected to Cogent’s network using other carriers’ facilities and services to provide the last mile portion of the link from the customers’ premises to Cogent’s network. Off-net revenue was $25.7 million for the three months ended March 31, 2015; an increase of 9.5% over $23.5 million for the three months ended March 31, 2014 and an increase of 2.3% over $25.1 million for the three months ended December 31, 2014.

Non-GAAP gross profit increased by 3.9% from $54.2 million for the three months ended March 31, 2014 to $56.3 million for the three months ended March 31, 2015 and increased by 0.9% from $55.9 million for the three months ended December 31, 2014. Non-GAAP gross profit margin percentage was 57.9% for the three months ended March 31, 2015, 58.3% for the three months ended March 31, 2014 and 57.7% for the three months ended December 31, 2014.

Earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted (by adding back net neutrality fees but excluding asset related gains), increased by 1.1% from $30.7 million for the three months ended March 31, 2014 to $31.0 million for the three months ended March 31, 2015 and decreased by 3.2% from $32.0 million for the three months ended December 31, 2014.  The impact of foreign exchange negatively impacted EBITDA, as adjusted (by adding back net neutrality fees but excluding asset related gains) by $1.6 million from Q1 2014 to Q1 2015 and by $0.9 million from Q4 2014 to Q1 2015. On a constant currency basis EBITDA, as adjusted (by adding back net neutrality fees but excluding asset related gains) grew by 6.5% from Q1 2014 to Q1 2015 and decreased by 0.4% from Q4 2014 to Q1 2015.  EBITDA, as adjusted, (by adding back net neutrality fees but excluding asset related gains)  margin was 31.9% for the three months ended March 31, 2015, 33.0% for the three months ended March 31, 2014, and 33.1% for the three months ended December 31, 2014.

Basic and diluted net income (loss) per share was $(0.04) for the three months ended March 31, 2015, $0.00 for the three months ended March 31, 2014 and $(0.01) for the three months ended December 31, 2014.

Total customer connections increased by 13.0% from 41,947 as of March 31, 2014 to 47,411 as of March 31, 2015 and increased by 2.6% from 46,222 as of December 31, 2014.  On-net customer connections increased by 12.2% from 36,306 as of March 31, 2014 to 40,732 as of March 31, 2015 and increased by 2.4% from 39,786 as of December 31, 2014.  Off-net customer connections increased by 21.4% from 5,244 as of March 31, 2014 to 6,368 as of March 31, 2015 and increased by 4.8% from 6,074 as of December 31, 2014.

The number of on-net buildings increased by 131 on-net buildings from 2,024 on-net buildings as of March 31, 2014 to 2,155 on-net buildings as of March 31, 2015 and increased by 30 on-net buildings  from 2,125 on-net buildings as of December 31, 2014.

Quarterly Dividend Increase Approved

On April 16, 2015, Cogent’s board approved a regular quarterly dividend of $0.33 per common share payable on June 12, 2015 to shareholders of record on May 22, 2015. This second quarter 2015 regular dividend of $0.33 per share represents an increase of 3.1% from the first quarter 2015 regular dividend of $0.32 per share.

During the quarter ended March 31, 2015 Cogent purchased 232,000 shares of its common stock for $8.1 million at an average price per share of $34.98 under Cogent’s return of capital program.  Under Cogent’s return of capital program, Cogent plans on returning additional capital to its shareholders each quarter through either stock buybacks or a special dividend or a combination of stock buybacks and a special dividend.  The aggregate payment under this program is a minimum of $12.0 million each quarter and this amount is in addition to Cogent’s regular quarterly dividend payments.  Since the amount paid for stock buybacks in the first quarter was less than $12.0 million Cogent will also pay a special dividend payment in the second quarter of 2015 under its return of capital program totaling $3.9 million or $0.09 per share.  The return of capital program is planned to continue until Cogent’s net debt to trailing twelve months EBITDA, as adjusted (by including asset related gains), ratio reaches 2.50. Cogent’s net debt to trailing twelve months EBITDA, as adjusted (by including asset related gains), ratio was 2.45 at March 31, 2015 and was 2.40 at December 31, 2014.

The payment of any future dividends and any other returns of capital will be at the discretion of Cogent’s board of directors and may be reduced, eliminated or increased and will be dependent upon Cogent’s financial position, results of operations, available cash, cash flow, capital requirements, limitations under Cogent’s debt indenture agreements and other factors deemed relevant by Cogent’s board of directors.

Conference Call and Website Information

Cogent will host a conference call with financial analysts at 8:30 a.m. (ET) on May 7, 2015 to discuss Cogent’s operating results for the first quarter of 2015 and to discuss Cogent’s expectations for full year 2015.  Investors and other interested parties may access a live audio webcast of the earnings call in the “Events” section of Cogent’s website at www.cogentco.com/events.  A replay of the webcast, together with the press release, will be available on the website following the earnings call.

About Cogent Communications

Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP.  Cogent specializes in providing businesses with high speed Internet access, Ethernet transport, and colocation services.  Cogent’s facilities-based, all-optical IP network backbone provides services in 190 markets globally.

Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007.  For more information, visit www.cogentco.com.  Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

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COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

Summary of Financial and Operational Results

(1)         Consists of legacy services of companies whose assets or businesses were acquired by Cogent, primarily including voice services (only provided in Toronto, Canada).

(2)         Network operations expense excludes equity-based compensation expense of $113, $114, $114, $147 and $172 in the three month periods ended March 31, 2014 through March 31, 2015, respectively.  Non-GAAP gross margin represents service revenue less network operations expense, excluding equity-based compensation and amounts shown separately (depreciation expense).

(3)         Excludes equity-based compensation expense of $1,893, $1,759, $2,578, $2,854 and $2,969 in the three month periods ended March 31, 2014 through March 31, 2015, respectively.

(4)         See schedule of non-GAAP metrics below for definition and reconciliation to GAAP measures below.

Schedule of Non-GAAP Measures

EBITDA and EBITDA, as adjusted

EBITDA represents net cash flows from operating activities plus changes in operating assets and liabilities, cash interest expense and income tax expense.  Management believes the most directly comparable measure to EBITDA calculated in accordance with generally accepted accounting principles in the United States, or GAAP, is cash flows provided by operating activities. The Company also believes that EBITDA is a frequently used measure by securities analysts, investors, and other interested parties in their evaluation of issuers.

EBITDA, as adjusted (by including asset related gains), represents EBITDA plus net gains (losses) on asset related transactions. EBITDA as adjusted (by adding back net neutrality fees) represents EBITDA and adding back legal and economic analysis fees the Company has spent in an effort to support net neutrality.  EBITDA as adjusted (by including asset related gains and adding back net neutrality fees) represents EBITDA, plus net gains (losses) on asset related transactions  and also adding back legal and economic analysis fees the Company has spent in an effort to support net neutrality.

The Company believes EBITDA, and EBITDA, as adjusted, are useful measures of its ability to service debt, fund capital expenditures and expand its business.  EBITDA, and EBITDA, as adjusted are an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information.

EBITDA, and EBITDA, as adjusted are not recognized terms under GAAP and accordingly, should not be viewed in isolation or as a substitute for the analysis of results as reported under GAAP, but rather as a supplemental measure to GAAP. For example, these metrics are not intended to reflect the Company’s free cash flow, as it does not consider certain current or future cash requirements, such as capital expenditures, contractual commitments, and changes in working capital needs, interest expenses and debt service requirements. The Company’s calculations of these metrics may also differ from the calculations performed by its competitors and other companies and as such, its utility as a comparative measure is limited.

COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

EBITDA, and EBITDA, as adjusted, are reconciled to cash flows provided by operating activities in the table below.

Impact of foreign currencies (“constant currency” impact) on change in sequential quarterly service revenue

(1)         Service revenue, as adjusted, is determined by translating the service revenue for the three months ended March 31, 2015 at the average foreign currency exchange rates for the three months ended December 31, 2014. The Company believes that disclosing quarterly revenue growth without the impact of foreign currencies on service revenue is a useful measure of revenue growth. Service revenue, as adjusted, is an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information.

Impact of foreign currencies (“constant currency” impact) on change in prior year quarterly service revenue

(2)         Service revenue, as adjusted, is determined by translating the service revenue for the three months ended March 31, 2015 at the average foreign currency exchange rates for the three months ended March 31, 2014. The Company believes that disclosing quarterly revenue growth without the impact of foreign currencies on service revenue is a useful measure of revenue growth. Service revenue, as adjusted, is an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information.

Net debt to trailing 12 months EBITDA, as adjusted (by including asset related gains), ratio

Under Cogent’s return of capital program Cogent plans on returning an additional at least $12.0 million to its shareholders each quarter through either stock buybacks or a special dividend or a combination of stock buybacks and a special dividend.  The aggregate payment under this program was at least $12.0 million each quarter and this amount is in addition to Cogent’s regular quarterly dividend payments.  The program is planned to continue until Cogent’s net debt to trailing twelve months EBITDA, as adjusted (by including asset gains), ratio reaches 2.50. Cogent’s net debt to trailing twelve months EBITDA, as adjusted (by including asset related gains) ratio was 2.40 at December 31, 2014 and 2.45 at March 31, 2015 as shown below.

Cogent’s SEC filings are available online via the Investor Relations section of www.cogentco.com or on the Securities and Exchange Commission’s website at www.sec.gov.

COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2015 AND DECEMBER 31, 2014

(IN THOUSANDS, EXCEPT SHARE DATA)

COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2015 AND MARCH 31, 2014

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2015 AND MARCH 31, 2014

(IN THOUSANDS)

Except for historical information and discussion contained herein, statements contained in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such statements include, but are not limited to statements identified by words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions.  The statements in this release are based upon the current beliefs and expectations of Cogent’s management and are subject to significant risks and uncertainties.  Actual results may differ from those set forth in the forward-looking statements.  Numerous factors could cause or contribute to such differences, including future economic instability in the global economy or a contraction of the capital markets which could affect spending on Internet services and our ability to engage in financing activities; the impact of changing foreign exchange rates (in particular the Euro to USD and Canadian dollar to USD exchange rates) on the translation of our non-USD denominated revenues, expenses, assets and liabilities; legal and operational difficulties in new markets; the imposition of a requirement that we contribute to the U.S. Universal Service Fund and similar funds in other countries; changes in government policy and/or regulation, including net neutrality rules  by the United States Federal Communications Commission and in the area of data protection; increasing competition leading to lower prices for our services; our ability to attract new customers and to increase and maintain the volume of traffic on our network; the ability to maintain our Internet peering arrangements on favorable terms; our reliance on an equipment vendor, Cisco Systems Inc., and the potential for hardware or software problems associated with such equipment; the dependence of our network on the quality and dependability of third-party fiber providers; our ability to retain certain customers that comprise a significant portion of our revenue base; the management of network failures and/or disruptions; and outcomes in litigation as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our annual report on Form 10-K for the fiscal year ended December 31, 2014 and our Form 10-Q for the quarter ended March 31, 2015 filed with the Securities and Exchange Commission. Cogent undertakes no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.

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