Welcome to our dedicated page for Cogent Communications Holdings news (Ticker: CCOI), a resource for investors and traders seeking the latest updates and insights on Cogent Communications Holdings stock.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI) stands as one of the world's premier Internet Service Providers (ISPs), delivering high-quality internet, Ethernet, and colocation services. Serving over 61,820 enterprise and net-centric customer connections, Cogent reaches more than 198 markets across 41 countries via its facility-based, all-optical IP network. The company is a significant player in global internet traffic, carrying more than one-fifth of the world's internet over its expansive network.
Cogent provides two main types of services to its corporate clients: dedicated internet access and virtual private networking. The former connects businesses directly to the internet, while the latter offers secure internal network connections for employees across different locations. These corporate services primarily cater to North American clients located in high-rise office buildings, contributing over half of Cogent's revenue.
Additionally, Cogent serves net-centric customers, which include other ISPs and content providers. These customers rely on Cogent for internet transit, seamlessly delivering traffic handed off in data centers. Approximately 50% of the net-centric revenue comes from customers outside the United States.
Cogent continues to expand its offerings, notably through the acquisition of Sprint's Wireline Business, enhancing its portfolio with optical wavelength services and optical transport services. These services are now being marketed to existing and new clients, including prior Sprint customers, targeting those who require high-bandwidth optical transport without the overhead of maintaining network infrastructure.
Cogent's financial health is reinforced by robust service revenues, which reached $275.4 million for Q3 2023, marking a 14.9% increase from Q2 2023 and an 83.6% rise year-over-year. Despite challenges presented by foreign exchange rates and a fluctuating economic landscape, Cogent has shown resilience with strong on-net and off-net revenue growth.
The company has also maintained a steady dividend growth, with the latest quarterly dividend increase to $0.975 per share approved in May 2024, reflecting confidence in sustained financial performance.
Despite the residual impacts of the COVID-19 pandemic on corporate office occupancy, Cogent has adapted by supporting remote working applications and higher-capacity internet access upgrades. These efforts are crucial as it braces for potentially increased corporate turnover and fewer new tenant opportunities.
Cogent invites investors and stakeholders to join its quarterly earnings calls to stay updated on financial results and strategic developments. For more details, visit www.cogentco.com.
Cogent Communications Holdings (NASDAQ: CCOI) announced that CEO Dave Schaeffer will speak at the Cowen and Company 50th Annual Technology, Media & Telecom Conference on June 2nd at 2:10 p.m. ET. The event takes place at the Lotte New York Palace. Investors can access a live audio webcast of the presentation on Cogent's website. A 90-day replay will also be available. Cogent is a leading provider of low-cost, high-speed Internet and private network services across 216 markets in 50 countries.
MINI and JVP announce a strategic partnership to enhance the URBAN-X platform, promoting startups focused on climate and urban technology solutions. This collaboration aims to support emerging companies from Seed to Series B, providing access to vast networks and expertise. URBAN-X has previously invested in over 71 startups, with 88% continuing to secure further capital. The initiative is crucial for addressing climate change, as urban areas contribute significantly to global CO2 emissions. Applications for participation in URBAN-X are now being accepted on a rolling basis.
Cogent Communications (NASDAQ: CCOI), a leading Internet service provider, announced that CEO Dave Schaeffer will present at three upcoming conferences. These include the Goldman Sachs Seventh Annual Leverage Finance and Credit Conference on May 12 at 11:20 a.m. PT in Rancho Palos Verdes, CA, the Ninth Annual MoffettNathanson Media & Communications Summit virtually on May 18 at 12:00 p.m. ET, and the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23 at 3:10 p.m. ET in Boston, MA. Investors can access live webcasts on Cogent's website.
Cogent Communications (CCOI) announced a quarterly dividend increase to $0.880 per share for Q2 2022, marking a 12.8% rise from Q2 2021 and the 39th consecutive quarterly increase. Service revenue reached $149.2 million, up 1.3% from Q4 2021, with a 1.6% year-over-year growth. Operating cash flow improved by 37.3% to $49.4 million. However, net income per share dropped to $0.02 compared to $0.41 a year earlier. The company navigates challenges due to COVID-19, affecting operations and potential customer dynamics.
Cogent Communications Holdings (NASDAQ: CCOI) has rescheduled its press release for Q1 2022 operating results to 4:15 p.m. ET on April 29, 2022. The previously announced conference call for discussing these results remains unchanged, set for 8:30 a.m. ET on May 5, 2022. Interested parties can join via dial-in or through an audio webcast available on Cogent's website until May 19, 2022. Cogent is a provider of low-cost, high-speed Internet services across 216 markets in 50 countries.
Cogent Communications (NASDAQ: CCOI) will host a conference call at 8:30 a.m. ET on May 5, 2022, to discuss its first-quarter operating results. The results will be released via a press release at 7:00 a.m. ET the same day. Participation details include dial-in numbers for U.S. (1-866-374-5140) and international callers (1-404-400-0571), both using PIN 78490912#. An audio webcast will also be available on Cogent's website. Cogent is a provider of low-cost, high-speed internet access and private network services operating in 216 markets across 50 countries.
Cogent Communications (CCOI) announced a quarterly dividend increase of $0.025, raising it to $0.855 per share, effective March 25, 2022, marking the 38th consecutive increase. This represents a 13.2% annual growth from Q1 2021. For 2021, total dividends reached $150.3 million, with 79.3% classified as a return of capital for tax purposes. Despite a slight decline in service revenue of 0.5% QoQ, an increase of 3.8% YoY was noted. Operating cash flow grew 21.3% to $170.3 million, and EBITDA rose 6.5%, reflecting operational resilience amid ongoing pandemic challenges.
Cogent Communications, a major Internet service provider, announces participation in three upcoming conferences. CEO Dave Schaeffer will present at the Raymond James 43rd Annual Institutional Investors Conference on March 8th at 8:05 a.m. ET in Orlando, FL. CFO Sean Wallace will present at the KeyBanc Capital Markets Emerging Technology Summit on March 8th at 2:30 p.m. PT in San Francisco, CA, and at the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on March 14th at 12:50 p.m. ET in Palm Beach, FL. Live webcasts will be available on Cogent’s website.
Cogent Communications (NASDAQ: CCOI) is scheduled to host a conference call on February 24, 2022, at 8:30 a.m. (ET) to discuss its operating results for the fourth quarter and full year of 2021. A press release will be issued at 7:00 a.m. (ET) on the same day. This event will be accessible via dial-in and also through a webcast on Cogent's website, remaining available until March 16, 2022. The call will allow for questions from participants.
Cogent Communications Holdings, a leading Internet service provider, announced that CEO Dave Schaeffer and CFO Sean Wallace will present at the Citi 2022 Apps Economy Virtual Conference on January 5, 2022, at 5:00 p.m. ET. Investors can access the live audio webcast via the Events section of Cogent's website, with a replay available for 90 days. Cogent, headquartered in Washington, D.C., offers low-cost, high-speed Internet and private network services in over 215 markets across 50 countries.
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