CCOI

Important Notice to Long-Term Shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI); Primoris Services Corporation (NYSE: PRIM); Roblox Corporation (NYSE: RBLX); and Symbotic Inc. (NASDAQ: SYM): Grabar Law Office is Investigating Claims on Your Behalf

Cogent Faces Shareholder Investigation Over Backlog and Dividend Concerns

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    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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    <h3>AI Summary</h3>
    <p>Grabar Law Office is investigating Cogent Communications (CCOI) for potential fiduciary breaches, focusing on backlog misrepresentation, demand issues, and dividend policy risk. The filing also notes similar actions involving Primoris, Roblox, and Symbotic. While no findings are yet disclosed, the case could influence Cogent&#039;s governance disclosures and revenue/development expectations if substantiated, prompting heightened investor scrutiny in the near term.</p>
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    <h3>Key Points</h3>
    <ul><li>Grabar Law Office investigates Cogent (CCOI) for fiduciary breaches. Investors may seek reforms, fund return, and incentive awards.</li><li>Alleged backlog misrepresentation and demand issues at Cogent. Dividend policy risk also cited.</li><li>Investigation references February 29, 2024 purchase window for Cogent shares. Remedies include corporate reforms and return of funds at no cost.</li><li>Release also cites Primoris (PRIM), Roblox (RBLX), and Symbotic (SYM) with potential governance actions.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cogent Communications Holdings, Inc. (CCOI)</strong>: Under investigation for fiduciary breaches; governance actions possible; stock could react to disclosures.</li><li><strong>Primoris Services Corporation (PRIM)</strong>: Also named in the release; governance-action potential may affect PRIM separately.</li><li><strong>Roblox Corporation (RBLX)</strong>: Mentioned in the same legal-action context; investor sentiment may reflect governance risk.</li><li><strong>Symbotic Inc. (SYM)</strong>: Part of the same batch of shareholder-investigation publicity; potential impact on sentiment.</li></ul>
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    <h3>Legal</h3>
    <p>Category: Legal. Fits due to a law-firm-initiated shareholder investigation alleging fiduciary breaches and potential governance actions that could affect valuation and disclosures.</p>
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    <h3>Market-Moving</h3>
    <ul><li>Potential near-term volatility in CCOI on new disclosures or rulings.</li><li>Stage of investigation implies limited immediate price impact absent price-relevant facts.</li><li>Related actions on PRIM, RBLX, and SYM may shift governance sentiment across peers.</li><li>Settlements or adverse findings could reprice Cogent&#039;s revenue/dividend outlook.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Announcement date: Aug 17, 2026 by Globe Newswire.</li><li>Investigation targets Cogent Communications (CCOI) for fiduciary breaches.</li><li>Focus includes backlog, customer demand, and dividend policy as alleged issues.</li><li>Shareholders who bought Cogent before Feb 29, 2024 may pursue remedies at no cost.</li></ul>
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    <h3>Trading Thesis</h3>
    <p>Neutral near-term for CCOI; meaningful move requires concrete new facts within 1–3 quarters.</p>
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    <p><strong>Grabar Law Office has initiated shareholder investigations regarding Cogent Communications Holdings, Inc. (NASDAQ: CCOI) and Primoris Services Corporation (NYSE: PRIM), signaling potential fiduciary duty concerns and undisclosed risk factors highlighted by a securities action. The examinations target long-term holders and seek governance reforms, potential fund recovery, and court-approved incentive awards at no cost to investors.</strong></p>
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    <h2>Cogent Communications Holdings, Inc. Investigation Overview (CCOI)</h2>
    <p>Grabar Law Office is investigating claims on behalf of shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI).</p>
    <ul>
      <li><strong>What is This Investigation About?</strong> The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.</li>
      <li><strong>If you purchased Cogent Communications Holdings, Inc. (NASDAQ: CCOI)</strong> shares before <strong>February 29, 2024</strong>, and still hold shares today, you <strong>can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.</strong> Please visit <a href="https://www.globenewswire.com/Tracker?data=7SLvH3jDU2htQxNxleiMMfUolfB2F5HIShQYsqPNET2GHyNVvzbcEjxEbj_9Uv_f0SIm3Ev8SlGKNLKNeQ2RghKyjD-Tgi0AaFWpEwg0ZYGs05c2U2Z1qbQ3knrKRqcdj2_bs7cAlVlKwMXhApeX0wWDJsBkwWHc_rNRgbbfRWvdGaFq8nSsybn3ca66gaynEVvQNJr3wB6UR22oMfV8vw==" rel="nofollow" target="_blank"><strong>https://grabarlaw.com/the-latest/ccoi-shareholder-investigation/</strong></a>, contact Joshua Grabar at <a href="mailto:jgrabar@grabarlaw.com"><strong>jgrabar@grabarlaw.com</strong></a>, or call <strong>267-507-6085</strong>.</li>
      <li><strong>What is Alleged?</strong> As alleged in a recently filed securities fraud class action Complaint, Cogent Communications Holdings, Inc. (NASDAQ: CCOI), through certain of its officers, made materially false and misleading statements and/or failed to disclose materially adverse facts pertaining to Cogent’s business, operations, and financial condition, which were known to or recklessly disregarded by defendants including: (i) that the vast majority of the purported orders in Cogent’s optical wavelength "backlog" were unlikely to ever result in a paid order; (ii) that 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; (iii) that, as a result of (i)-(ii) above, defendants had materially misrepresented customer demand for Cogent’s optical wavelength services and the nature of Cogent’s purported "backlog" of wavelength orders; (iv) that, as a result of (i)-(iii) above, Cogent was not on track to achieve its revenue and margin targets and such targets lacked a reasonable basis in objective fact; (v) that Cogent did not have the financial capacity or business fundamentals to maintain its long-standing dividend policy; and (vi) that 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.</li>
      <li><strong>What Can You Do Now?</strong> <strong>If you purchased Cogent Communications Holdings, Inc. (NASDAQ: CCOI)</strong> shares before <strong>February 29, 2024</strong>, and still hold shares today, you are encouraged to visit <a href="https://www.globenewswire.com/Tracker?data=7SLvH3jDU2htQxNxleiMMfUolfB2F5HIShQYsqPNET2GHyNVvzbcEjxEbj_9Uv_f0SIm3Ev8SlGKNLKNeQ2RgoHFF0LPHhlZIp7EzJOlBd90r35pxe5BLP8jPJqs0GZ3QAYMapFnP-Pnd17JnNFDDNGjdyDr0ysauS1QToVTJA9pnd11Tbnkv4qx4kqo7D6sVgJsi6XgsNneiRvDYo6pWQ==" rel="nofollow" target="_blank"><strong>https://grabarlaw.com/the-latest/ccoi-shareholder-investigation/</strong></a><strong>, contact Joshua Grabar at </strong><a href="https://www.globenewswire.com/Tracker?data=2nl0GFMiKeJ3ocKAWWWp_uf8Rq-X_kQ_ZO5cw9SijwBayUSrzfLwmXn3ZDjI2cXqokfyqUmZL-SM9igm98CM6Wqw9hRbeFrtrs8lagEM4og=" rel="nofollow" target="_blank"><strong>jgrabar@grabarlaw.com</strong></a><strong>,</strong> <strong>or call 267-507-6085.</strong></li>
    </ul>
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    <h2>Primoris Services Corporation Investigation Details (PRIM)</h2>
    <p><strong>Primoris Services Corporation (NYSE: PRIM)</strong> is also the subject of a Grabar Law Office investigation on behalf of its shareholders.</p>
    <ul>
      <li><strong>What is The Investigation About?</strong> The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.</li>
      <li><strong>If you purchased Primoris Services Corporation (NYSE: PRIM)</strong> shares before <strong>August 5, 2025</strong>, and still hold shares today, <strong>you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever through a shareholder governance action.</strong> Please visit <a href="https://www.globenewswire.com/Tracker?data=7SLvH3jDU2htQxNxleiMMfUolfB2F5HIShQYsqPNET2Dde-1ok7bG_Q5Kn3tVq2LrqrRu4mmvzNcYQ0piGEoKgU7aLqkNzEN_UioWsvP68V5ZYez0DWP84p6W5vXbBJxqd2WxjATnlule4ZJzHZJD9TDofg04xCubts3YrgzkWTEMqW-t8t_d3DEyFpA-Obgro6isUQJLZtV3FCLKCUds6kkC2KQxw83cBsIfHjuyqY=" rel="nofollow" target="_blank"><strong>https://grabarlaw.com/the-latest/primoris-shareholder-investigation/</strong></a>, contact Joshua Grabar at <a href="https://www.globenewswire.com/Tracker?data=2nl0GFMiKeJ3ocKAWWWp_uf8Rq-X_kQ_ZO5cw9SijwCIq7qU6gcDxtK7wKnfWXqj-KDgkKlpRTDLSplLNQNzg_RQcE83mETSVS-ZHS4qxj0=" rel="nofollow" target="_blank"><strong>jgrabar@grabarlaw.com</strong></a>, or call <strong>267-507-6085</strong>.</li>
      <li><strong>What is Being Alleged?</strong> As alleged in a recently filed securities fraud class action Complaint, Primoris Services Corporation (NYSE: PRIM), through certain of its officers, made materially false and misleading statements and/or failed to disclose that (i) Primoris’ cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (ii) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (iii) accordingly, defendants’ statements regarding Primoris’ estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts when made.</li>
      <li><strong>What Can You Do Now?</strong> <strong>If you purchased Primoris Services Corporation (NYSE: PRIM)</strong> shares before <strong>August 5, 2025</strong>, and still hold shares today, you are encouraged to visit <a href="https://www.globenewswire.com/Tracker?data=7SLvH3jDU2htQxNxleiMMfUolfB2F5HIShQYsqPNET2Dde-1ok7bG_Q5Kn3tVq2LrqrRu4mmvzNcYQ0piGEoKgU7aLqkNzEN_UioWsvP68V5ZYez0DWP84p6W5vXbBJxqd2WxjATnlule4ZJzHZJD9TDofg04xCubts3YrgzkWTEMqW-t8t_d3DEyFpA-Obgro6isUQJLZtV3FCLKCUds6kkC2KQxw83cBsIfHjuyqY=" rel="nofollow" target="_blank"><strong>https://grabarlaw.com/the-latest/primoris-shareholder-investigation/</strong></a>, contact Joshua Grabar at <a href="https://www.globenewswire.com/Tracker?data=2nl0GFMiKeJ3ocKAWWWp_uf8Rq-X_kQ_ZO5cw9SijwCIq7qU6gcDxtK7wKnfWXqj-KDgkKlpRTDLSplLNQNzg_RQcE83mETSVS-ZHS4qxj0=" rel="nofollow" target="_blank"><strong>jgrabar@grabarlaw.com</strong></a>, or call <strong>267-507-6085</strong>.</li>
    </ul>
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  <section>
    <h2>Context and Next Steps for Investors</h2>
    <p>The investigations by Grabar Law Office target possible breaches of fiduciary duty by company officers and directors in both Cogent and Primoris. Investors who purchased shares prior to the specified dates and remain holders are encouraged to review the websites cited above for status updates, contact options, and potential governance actions that may seek reforms, the return of funds, and court-approved incentive awards at no cost to the shareholders.</p>
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Grabar Law Office is investigating Cogent Communications (CCOI) for potential fiduciary breaches, focusing on backlog misrepresentation, demand issues, and dividend policy risk. The filing also notes similar actions involving Primoris, Roblox, and Symbotic. While no findings are yet disclosed, the case could influence Cogent's governance disclosures and revenue/development expectations if substantiated, prompting heightened investor scrutiny in the near term.

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Important Notice to Long-Term Shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI); Primoris Services Corporation (NYSE: PRIM); Roblox Corporation (NYSE: RBLX); and Symbotic Inc. (NASDAQ: SYM): Grabar Law Office is Investigating Claims on Your Behalf

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Key facts

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