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 (NASDAQ: CCOI) has announced the participation of CEO Dave Schaeffer and CFO Sean Wallace in three upcoming conferences. They will present at the BofA Securities 2021 Leveraged Finance Conference on November 30 at 7:30 a.m. ET, the Credit Suisse 25th Annual Technology Conference on December 1 at 8:45 a.m. MT, and the UBS 2021 Global TMT Conference on December 6 at 3:00 p.m. ET. Investors can access the live webcasts and replays of these events on Cogent's website.
Cogent Communications (CCOI) has announced a quarterly dividend increase of $0.025, raising the total to $0.830 per share for Q4 2021, marking the 37th consecutive quarterly increase. This represents a 13.7% annual increase compared to Q4 2020. Service revenue for Q3 2021 was $147.9 million, a 4.0% year-over-year growth, while GAAP gross profit increased by 3.8% to $68.7 million. The company lit its 3,000th on-net building and has seen a 5.1% increase in customer connections since last year. Net cash from operations was up 43.8% year-over-year, reaching $47.4 million.
Cogent Communications Holdings (NASDAQ: CCOI) is set to host a conference call to discuss its third quarter 2021 operating results on November 4, 2021, at 8:30 a.m. (ET). The results will be announced via a press release at 7:00 a.m. (ET). Participants can join the call by dialing 1-800-668-4132 for U.S. or 1-224-357-2196 for international callers. An audio webcast of the call will be available on the company’s website.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in the Deutsche Bank 2021 Leveraged Finance Conference on October 5, 2021, at 1:15 p.m. ET. Interested investors can access a live audio webcast on Cogent's website, with a replay available for 30 days post-presentation. Cogent is a major provider of high-speed Internet and network services across 212 markets in 49 countries, focusing on bandwidth-intensive businesses.
Cogent Communications Holdings, trading as CCOI, announced participation in two upcoming virtual conferences. CEO Dave Schaeffer and CFO Sean Wallace will present at the Deutsche Bank 2021 Technology Conference on September 9, 2021, at 9:50 a.m. ET, and at the Goldman Sachs 30th Annual Communacopia Conference on September 21, 2021, at 1:15 p.m. ET. Live audio webcasts can be accessed through their website, with replays available for 90 days. Cogent is a provider of high-speed Internet access across 48 countries.
Cogent Communications announced a quarterly dividend increase of $0.025 per share to $0.805 for Q3 2021, marking the 36th consecutive increase and reflecting a 14.2% annual rise from Q3 2020. Service revenue for Q2 2021 reached $147.9 million, up 0.8% from Q1 2021 and 4.9% year-over-year. GAAP gross profit rose by 3.6% to $69.6 million, while EBITDA reached $57.2 million, up 7.2% from Q2 2020. However, net income per share was $(0.05). The company is affected by uncertainties linked to the ongoing COVID-19 pandemic.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in three upcoming virtual conferences. They will present at the KeyBanc 22nd Annual Technology Leadership Forum on August 9, 2021, at 12:40 p.m. ET, the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 10:45 a.m. ET, and the Cowen 7th Annual Communications Infrastructure Summit on August 12, 2021, at 10:50 a.m. ET. Interested parties can access live webcasts on Cogent’s website.
Cogent Communications Holdings (NASDAQ: CCOI) announces a conference call for August 5, 2021 at 8:30 a.m. ET, to discuss its Q2 2021 operating results. A press release will precede this call at 7:00 a.m. ET. The call is open to all and can be accessed via a U.S. dial-in number (1-800-668-4132) or international number (1-224-357-2196). A webcast will be available on the Cogent website and a replay will be accessible from August 5, 2021 through August 12, 2021.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in the Credit Suisse 23rd Annual Communications Conference on June 14, 2021, at 11:55 a.m. ET. The conference will be held virtually, and interested parties can access a live audio webcast through the Events section of Cogent's website. A replay will be available for 90 days post-event. Cogent provides high-speed internet and private network services globally, operating in over 210 markets across 48 countries.
Cogent Communications (NASDAQ: CCOI), a leading Internet service provider, announced the participation of CEO Dave Schaeffer and CFO Sean Wallace in upcoming virtual conferences. They will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 2:00 p.m. ET, and at Cowen's 49th Annual TMT Conference on June 1, 2021, at 11:50 a.m. ET. A prerecorded presentation for the RBC Capital Markets Conference will also be available after May 25. Webcasts will be accessible on Cogent’s website.
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