EXHIBIT 99.1

Cogent Communications Reports Second Quarter 2017 Results
and Increases Regular Quarterly Dividend on Common Stock

Financial and Business Highlights

·                  Cogent approves a 4.5% increase of $0.02 per share to its regular quarterly dividend to $0.46 per common share to be paid on September 1, 2017 to shareholders of record on August 18, 2017

·                  Service revenue for Q2 2017 increased by 2.2% from Q1 2017 to $119.8 million and on a constant currency basis increased from Q1 2017 by 1.7%

·                  Service revenue for Q2 2017 increased by 8.9% from Q2 2016 and on a constant currency basis increased from Q2 2016 by 9.6%

·                  Cash flow from operations increased by 19.3% from Q1 2017 to $28.0 million and increased from Q2 2016 by 18.3%

·                  GAAP gross margin increased by 50 basis points from Q1 2017 and increased from Q2 2016 by 200 basis points

·                  EBITDA margin increased by 130 basis points from Q1 2017 to 33.5% and increased from Q2 2016 by 170 basis points

[WASHINGTON, D.C. August 3, 2017] Cogent Communications Holdings, Inc. (NASDAQ: CCOI) today announced service revenue of $119.8 million for the three months ended June 30, 2017, an increase of 8.9% from $110.0 million for the three months ended June 30, 2016 and an increase of 2.2% from $117.2 million for the three months ended March, 31, 2017.  Foreign exchange positively impacted service revenue growth from Q1 2017 to Q2 2017 by $0.5 million and negatively impacted service revenue growth from Q2 2016 to Q2 2017 by $0.7 million.  On a constant currency basis, service revenue grew by 9.6% from Q2 2016 to Q2 2017 and grew by 1.7% from Q1 2017 to Q2 2017.

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 $85.6 million for the three months ended June 

30, 2017; an increase of 7.6% over $79.5 million for the three months ended June 30, 2016 and an increase of 2.4% from $83.6 million for the three months ended March 31, 2017.

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 $34.0 million for the three months ended June 30, 2017; an increase of 12.7% over $30.1 million for the three months ended June 30, 2016 and an increase of 1.8% over $33.4 million for the three months ended March 31, 2017.

GAAP gross profit is defined as total service revenue less network operations expense, depreciation and amortization and equity based compensation included in network operations expense.  GAAP gross margin is defined as GAAP gross profit divided by total service revenue. GAAP gross profit increased by 14.5% from $43.5 million for the three months ended June 30, 2016 to $49.8 million for the three months ended June 30, 2017 and increased by 3.7% from $48.0 million for the three months ended March 31, 2017. GAAP gross margin was 41.5% for the three months ended June 30, 2017, 39.5% for the three months ended June 30, 2016 and 41.0% for the three months ended March 31, 2017.  Excise taxes, including Universal Service Fund fees, recorded on a gross basis and included in service revenue and cost of network operations expense were $2.7 million for the three months ended June 30, 2017, $2.6 million for the three months ended March 31, 2017 and $2.2 million for the three months ended June 30, 2016.

Non-GAAP gross profit represents service revenue less network operations expense, excluding equity-based compensation and amounts shown separately (depreciation and amortization expense). Non-GAAP gross margin is defined as non-GAAP gross profit divided by total service revenue.  Non-GAAP gross profit increased by 10.6% from $62.2 million for the three months ended June 30, 2016 to $68.8 million for the three months ended June 30, 2017 and increased by 3.2% from $66.7 million for the three months ended March 31, 2017. Non-GAAP gross profit margin was 57.4% for the three months ended June 30, 2017, 56.6% for the three months ended June 30, 2016 and 56.9% for the three months ended March 31, 2017.

Cash flow from operating activities increased by 18.3% from $23.7 million for the three months ended June 30, 2016 to $28.0 million for the three months ended June 30, 2017 and increased by 19.3% from $23.5 million for the three months ended March 31, 2017.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 14.7% from $35.0 million for the three months ended June 30, 2016 to $40.1 million for the three months ended June 30, 2017 and increased by 6.3% from $37.7 million for the three months ended March 31, 2017. EBITDA margin was 33.5% for the three months ended June 30, 2017, 31.8% for the three months ended June 30, 2016 and 32.2% for the three months ended March 31, 2017.

EBITDA, as adjusted, increased by 4.4% from $39.4 million for the three months ended June 30, 2016 to $41.1 million for the three months ended June 30, 2017 and increased by 3.2% from $39.9 million for the three months ended March 31, 2017. EBITDA, as adjusted, margin was 34.3% for the three months ended June 30, 2017, 35.8% for the three months ended June 30, 2016 and 34.0% for the three months ended March 31, 2017.

Basic and diluted net income per share was $0.10 for the three months ended June 30, 2017, $0.09 for the three months ended June 30, 2016 and $0.09 for the three months ended March 31, 2017.

Total customer connections increased by 16.4% from 57,563 as of June 30, 2016 to 66,982 as of June 30, 2017 and increased by 4.3% from 64,243 as of March 31, 2017. On-net customer connections increased by 16.4% from 49,243 as of June 30, 2016 to 57,307 as of June 30, 2017 and increased by 4.6% from 54,805 as of March 31, 2017. Off-net customer connections increased by 17.1% from 7,971 as of June 30, 2016 to 9,335 as of June 30, 2017 and increased by 3.1% from 9,055 as of March 31, 2017.

The number of on-net buildings increased by 141 on-net buildings from 2,297 on-net buildings as of June 30, 2016 to 2,438 on-net buildings as of June 30, 2017 and increased by 32 on-net buildings from 2,406 on-net buildings as of March 31, 2017.

During the three months ended June 30, 2017 Cogent purchased 46,750 shares of its common stock for $1.8 million at an average price of $39.13 per share.

Quarterly Dividend Increase and Extension of Stock Buy Back Plan Approved

On August 2, 2017, Cogent’s board approved a regular quarterly dividend of $0.46 per common share payable on September 1, 2017 to shareholders of record on August 18, 2017. This third quarter 2017 regular dividend represents a 4.5% increase of $0.02 per share from the second quarter 2017 regular dividend of $0.44 per share.  Also on August 2, 2017, Cogent’s board approved an extension of Cogent’s stock buyback program to December 31, 2018.

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 August 3, 2017 to discuss Cogent’s operating results for the second quarter of 2017 and to discuss Cogent’s expectations for full year 2017. 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 over 190 markets globally.

Cogent Communications is headquartered at 2450 N Street, NW, Washington, D.C. 20037. 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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EXHIBIT 99.1

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 $121, $145, $161, $146, $111 and $141 in the three month periods ended March 31, 2016 through June 30, 2017, respectively.  Network operations expense includes excise taxes, including Universal Service Fund fees of $2,003, $2,156, $2,362, $2,549, $2,604 and $2,672 in the three month periods ended March 31, 2016 through June 30, 2017, respectively.

(3)         GAAP gross profit is defined as total service revenue less network operations expense, depreciation and amortization and equity based compensation included in network operations expense.  GAAP gross margin is defined as GAAP gross profit divided by total service revenue.

(4)         Non-GAAP gross profit represents service revenue less network operations expense, excluding equity-based compensation and amounts shown separately (depreciation expense). Non-GAAP gross margin is defined as non-GAAP gross profit divided by total service revenue.  Management believes that Non-GAAP gross profit and Non-GAAP gross profit margin are relevant metrics to provide investors, as they are metrics that management uses to measure the margin available to the company after network service costs, in essence a measure of the efficiency of the Company’s network.

(5)         Excludes equity-based compensation expense of $2,060, $2,542, $2,830, $2,730, $2,536 and $3,084 in the three month periods ended March 31, 2016 through June 30, 2017, respectively.

(6)         See schedule of non-GAAP metrics below for definitions and reconciliations to GAAP measures below.

Schedules 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 cash 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 measure frequently used by securities analysts, investors, and other interested parties in their evaluation of issuers.  EBITDA, as adjusted, represents EBITDA plus net gains (losses) on asset related transactions.

The Company believes that 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.

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

Constant currency revenue is reconciled to service revenue as reported in the tables below.

Constant currency impact on revenue changes — sequential periods

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

Constant currency impact on revenue changes — prior year periods

(2)         Service revenue, as adjusted for currency impact, is determined by translating the service revenue for the current period at the average foreign currency exchange rates for the comparable prior year period. The Company believes that disclosing year over year revenue growth without the impact of foreign currencies on service revenue is a useful

measure of revenue growth. Service revenue, as adjusted for currency impact, is an integral part of the internal reporting and planning system used by management as a supplement to GAAP financial information.

Non-GAAP gross profit and Non-GAAP gross margin

Non-GAAP gross profit and Non-GAAP gross margin are reconciled to GAAP gross profit and GAAP gross margin in the table below.

(1)         GAAP gross profit is defined as total service revenue less network operations expense, depreciation and amortization and equity based compensation included in network operations expense.  GAAP gross margin is defined as GAAP gross profit divided by total service revenue.

(2)         Non-GAAP gross profit represents service revenue less network operations expense, excluding equity-based compensation and amounts shown separately (depreciation and amortization expense). Non-GAAP gross margin is defined as non-GAAP gross profit divided by total service revenue.  Management believes that non-GAAP gross profit and non-GAAP gross margin are relevant metrics to provide to investors, as they are metrics that management uses to measure the margin and amount available to the Company after network service costs, in essence these are measures of the efficiency of the Company’s network.

Gross and Net Leverage Ratios

Gross leverage ratio is defined as total debt divided by the trailing last 12 months EBITDA, as adjusted.  Net leverage ratio is defined as total net debt (total debt minus cash and cash equivalents) divided by the trailing last 12 months EBITDA, as adjusted.  Cogent’s gross leverage ratio was 4.64 at March 31, 2017 and 4.62 at June 30, 2017 and Cogent’s net leverage ratio was 2.94 at March 31, 2017 and 2.98 at June 30, 2017 and 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 JUNE 30, 2017 AND DECEMBER 31, 2016

(IN THOUSANDS, EXCEPT SHARE DATA)

COGENT COMMUNICATIONS HOLDINGS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED JUNE 30, 2017 AND JUNE 30, 2016

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)