Los Angeles – September 11, 2026 -- Shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI) have until September 21, 2026, to seek lead plaintiff status in a securities fraud class action covering purchases made between February 29, 2024, and May 1, 2026.
Law firm Schall, Brown & Schwartz LLP alleges Cogent misrepresented its optical wavelength order backlog
According to the complaint filed by Schall, Brown & Schwartz LLP ('SBS'), Cogent's stated backlog of orders for optical wavelength products was unlikely to generate revenue because customers in that backlog were unwilling to accept delivery, even where the company was capable of fulfilling orders. The suit alleges the company was not on track to meet its revenue targets and other performance goals throughout the class period, rendering its public statements materially misleading under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
Investors suffered damages once the market learned the true state of Cogent's order pipeline
SBS states that when the actual condition of Cogent's backlog became known, CCOI shareholders incurred losses. The firm, based at 2049 Century Park East, Suite 2460, Los Angeles, is soliciting affected investors to discuss lead plaintiff appointments, noting that such appointment is not a prerequisite for participating in any eventual recovery.
The class has not yet been certified, leaving current shareholders unrepresented pending court action
SBS confirmed that no class certification has occurred in the case, meaning investors are not yet legally represented by counsel. Shareholders who take no action can remain absent class members without forfeiting eligibility for future recovery.