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Cogent Communications Holdings, Inc. reports developments for a multinational, Tier 1 facilities-based Internet service provider that sells high-speed Internet access, Ethernet transport, private network and colocation services. Its all-optical IP network supports business customers, content providers, internet service providers and other bandwidth-intensive users across global markets.
Recurring company news centers on quarterly operating results, service revenue trends, on-net and net-centric activity, wavelength services, IPv4 address leasing and commercial or IP transit arrangements associated with its Sprint acquisition. Updates also include earnings calls, executive conference presentations and capital actions such as common stock buyback activity.
Cogent Communications (NASDAQ: CCOI) has announced it will host its first quarter 2025 earnings conference call on May 8, 2025 at 8:30 a.m. ET. The company will release its Q1 2025 operating results via press release at 7:00 a.m. ET on the same day.
The earnings call will be accessible to all interested parties through dial-in numbers (1-888-596-4144 for U.S./Canada, 1-646-968-2525 for international) using Conference ID 6641307. An audio webcast will be available on Cogent's website under the Events section and will remain accessible through May 21, 2025.
Cogent Communications (NASDAQ: CCOI) has announced the pricing of $174.4 million in secured Internet Protocol version 4 (IPv4) address revenue term notes through a special-purpose subsidiary. The Series 2025-1 Notes will carry a 6.646% interest rate with an anticipated five-year repayment term.
The Notes will be secured by Cogent's IPv4 addresses, customer IPv4 address leases, and customer accounts receivables. The company plans to use the net proceeds for general corporate purposes. The closing is expected around April 11, 2025, subject to conditions.
The offering is to qualified institutional buyers under Rule 144A, institutional accredited investors under Regulation D, and certain non-U.S. persons under Regulation S. The Notes will not be registered under the Securities Act.
Cogent Communications (NASDAQ: CCOI) reported Q4 2024 financial results with service revenue of $252.3M, down 1.9% QoQ and 7.3% YoY. Full-year 2024 revenue reached $1.0B, up 10.1% from 2023. EBITDA increased 16.7% to $41.9M in Q4 2024, with margin expanding to 16.6% from 13.9% in Q3.
Notable highlights include a 31.8% sequential increase in wavelength revenue to $7.0M and an 11.8% growth in IPv4 address leasing revenue to $12.6M. The company's board approved its 50th consecutive quarterly dividend increase to $1.005 per share for Q1 2025.
Total customer connections decreased 10.3% YoY to 123,383, while on-net buildings increased by 176 to 3,453. The company received a $24.2M US federal tax refund for 2023 and expects no federal tax liability for 2024.
Cogent Communications (NASDAQ: CCOI), a leading global Internet service provider, has announced its CEO Dave Schaeffer's upcoming presentations at two major conferences. The first presentation will take place at the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando, FL on March 3rd at 2:15 p.m. ET. The second presentation will be held at the Morgan Stanley 2024 Technology, Media & Telecom Conference in San Francisco, CA on March 4th at 7:00 a.m. PT.
Interested parties can access live audio webcasts of both presentations through the 'Events' section of Cogent's website. The webcasts will remain available for replay for 90 days after the presentations.
Cogent Communications (NASDAQ: CCOI) has announced it will host a conference call on February 27, 2025, at 8:30 a.m. ET to discuss its fourth quarter and full year 2024 operating results. The company will release its earnings report at 7:00 a.m. ET on the same day.
The call will be accessible to both domestic and international participants, with dedicated dial-in numbers provided. An audio webcast will be available on Cogent's website under the Events section and will remain accessible through March 13, 2025. A transcript of the call will be posted on the website once available.
Cogent Communications (NASDAQ: CCOI) has announced that CEO Dave Schaeffer will present at four major financial conferences in December 2024. The presentations include: the BofA Securities Leveraged Finance/Credit Conference in Boca Raton (Dec 3), the Wells Fargo TMT Summit in Rancho Palos Verdes (Dec 4), the UBS Global Media and Communications Conference in New York (Dec 9), and the Raymond James TMT & Consumer Conference in New York (Dec 10).
Live audio webcasts will be available in the Events section of Cogent's website, with replays accessible for 90 days after each presentation.
Cogent Communications Holdings (NASDAQ: CCOI), a leading global Internet service provider, announced that its CEO, Dave Schaeffer, will present at the RBC Capital Markets 2024 Global TIMT Conference. The event will take place at the InterContinental New York Barclay on Wednesday, November 20th at 9:20 a.m. ET.
Investors and interested parties can access a live audio webcast of the presentation through the 'Events' section on Cogent's website. A replay of the webcast will be available for 90 days following the presentation.
Cogent Communications (NASDAQ: CCOI) reported Q3 2024 service revenue of $257.2 million, a 1.2% decrease from Q2 2024 and 6.6% decrease from Q3 2023. EBITDA increased by 32.2% to $35.9 million in Q3 2024, with margin improving to 13.9%. Notable metrics include wavelength revenue growth of 45.8% sequentially to $5.3 million and IPv4 address leasing revenue increase of 11.8% to $12.8 million. The company increased its quarterly dividend by $0.01 to $0.995 per share, marking its 49th consecutive quarterly increase. Total customer connections decreased by 8.5% year-over-year to 126,333.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI) has announced it will host a conference call on November 7, 2024 at 8:30 a.m. ET to present its third quarter 2024 operating results and answer questions. The company will issue a press release with the results at 7:00 a.m. ET on the same day.
Participants can access the call using the following dial-in numbers:
- 1-888-596-4144 for U.S. and Canadian callers
- 1-646-968-2525 for international callers
The Conference ID is 6641307. Callers are advised to dial in 15 minutes before the start time. An audio webcast will be available on Cogent's website under the 'Events' section and will remain accessible until November 21, 2024. A printed transcript will be posted on the website when available.
Cogent Communications (NASDAQ: CCOI), a leading global Internet service provider, has announced that CEO Dave Schaeffer will present at two upcoming conferences. The first is the Deutsche Bank 32nd Annual Leveraged Finance Conference in Scottsdale, AZ, where Schaeffer will speak on September 24 at 2:55 p.m. PT. The second is the RBC 2024 Global Communications Infrastructure Conference in Chicago, IL, scheduled for September 25 at 9:20 a.m. CT.
Investors and interested parties can access live audio webcasts of both presentations through the 'Events' section of Cogent's website. Replays will be available for 90 days following each presentation, providing an opportunity for those unable to attend to stay informed about Cogent's latest developments and strategies.