Cogent Sees First Ever Quarterly Traffic Decline > Cogent blowing smoke because competitors eating their lunch

Cogent began seeing the rate of Internet traffic growth decelerate early this year. In both April and May the company saw 1% sequential traffic growth, far below its historical levels, which, compounded over the past five years, have been around 120%. And the company’s observations coincide with the latest worldwide Internet traffic measurements from the University of Minnesota, which indicate growth continuing at 50% to 60% annually but perhaps at a slightly slower rate.