Welcome to our dedicated page for Cogent Communications Hldgs In news (Ticker: CCOI), a resource for investors and traders seeking the latest updates and insights on Cogent Communications Hldgs In stock.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI) is a multinational, Tier 1, facilities-based Internet service provider that regularly issues news and updates of interest to investors and telecommunications observers. The company focuses on low-cost, high-speed Internet access, private network services, Ethernet transport, optical wavelength and optical transport services, and colocation services for bandwidth-intensive businesses, delivered over its all-optical IP network backbone in hundreds of markets globally.
The Cogent news feed features quarterly earnings releases that summarize service revenue, on-net and off-net revenue, wavelength revenue, non-core revenue, and key metrics such as GAAP and Non-GAAP gross profit, EBITDA, and customer connections. These releases often discuss the impact of foreign exchange rates, constant currency growth rates, and revenue from leasing IPv4 addresses, as well as operational statistics like on-net buildings and wavelength customer connections.
News items also cover capital allocation decisions, including regular quarterly dividends on Cogent’s common stock, dividend increases, and changes to its stock repurchase program, such as authorizations, expansions, pauses, and resumptions. In addition, Cogent publishes announcements on capital markets transactions, such as offerings of senior secured notes intended to refinance existing notes and support general corporate purposes or dividends to the parent company.
Another recurring theme in Cogent’s news is investor and industry conference participation. The company frequently announces that its executives will present at technology, media, telecommunications, and leveraged finance conferences hosted by major financial institutions, and it provides access to live and archived webcasts through the events section of its website. Earnings call notices and webcast details are also regularly disclosed, giving investors structured access to management’s commentary on financial and operational performance.
By following Cogent’s news, readers can track the company’s reported financial results, network and product developments tied to the Sprint acquisition and wavelength services, and ongoing decisions about dividends, buybacks, and financing activities.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will present at the Eighth Annual MoffettNathanson Media & Communications Summit on May 12, 2021, at 3:00 p.m. ET. The event will be held virtually, and interested parties can access a live audio webcast via Cogent's website. Replays will be available for 90 days post-presentation. Cogent is a leading provider of low-cost, high-speed Internet access and services across 210 markets in 48 countries.
Cogent Communications Holdings (NASDAQ: CCOI) announced a $500 million offering of senior secured notes due 2026, intended for qualified institutional buyers. Proceeds will be primarily used to redeem $284.1 million of existing secured notes due 2022, with a redemption date set for December 1, 2021. The notes will be guaranteed by Cogent's material domestic subsidiaries and intended for strategic financial management, including potential dividends. There’s no assurance that the offering will conclude or that existing notes will be redeemed.
Cogent Communications has declared a quarterly dividend increase to $0.780 per share, marking a 3.3% rise from Q1 2021 and a 14.7% annual increase from Q2 2020. Total service revenue for Q1 2021 reached $146.8 million, up 2.0% from Q4 2020. GAAP gross profit rose by 3.4% year-over-year, totaling $67.7 million. Despite a 90 basis point decrease in EBITDA margin to 37.8%, net income increased significantly to $18.9 million. The dividend is payable on May 28, 2021, to shareholders of record on May 14, 2021.
Cogent Communications (NASDAQ: CCOI) announced the schedule for its Q1 2021 operating results. The press release will be issued on April 28, 2021 at 5:20 p.m. ET, followed by a conference call on April 29, 2021, at 8:30 a.m. ET. Callers can join via a dedicated number or web access. Cogent is a provider of low cost, high speed Internet and private network services across 210 markets in 48 countries. Forward-looking statements in the release highlight potential risks and uncertainties regarding future performance.
Cogent Communications Holdings (NASDAQ: CCOI) will host a conference call on April 29, 2021, at 8:30 a.m. ET, to discuss its first-quarter operating results. A press release with the results will be issued at 7:00 a.m. ET on the same day. The call is open to all participants and can be accessed via a U.S. dial-in number (1-800-668-4132) or an international number (1-224-357-2196). An audio webcast will also be available on Cogent's website and will remain up until May 19, 2021.
Cogent Communications Holdings (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will present in two upcoming virtual conferences. The first is the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 8, 2021 at 11:00 a.m. ET. The second is the 2021 Truist Securities Technology, Internet & Services Conference on March 9, 2021 at 3:30 p.m. ET. Interested parties can access live audio webcasts on Cogent's website, with replays available for 90 days. Cogent provides low-cost, high-speed Internet access across 47 countries.
Cogent Communications (NASDAQ: CCOI) has announced a quarterly dividend increase to $0.755 per share for Q1 2021, marking its thirty-fourth consecutive rise. This represents a 3.4% increase from Q4 2020 and a 14.4% annual increase from Q1 2020. For the full year 2020, service revenue was $568.1 million, a 4.0% increase year-over-year. GAAP gross profit for Q4 2020 was $66.6 million, up 3.6% from Q4 2019. However, net cash provided by operations decreased from $148.8 million in 2019 to $140.3 million in 2020, indicating potential cash flow concerns amidst ongoing challenges from the COVID-19 pandemic.
Cogent Communications (NASDAQ: CCOI) announced that its CEO, Dave Schaeffer, and CFO, Sean Wallace, will present at two upcoming virtual conferences. The KeyBanc 16th Annual Emerging Technology Summit is scheduled for February 23, 2021, at 3:25 p.m. ET, while the Raymond James 42nd Annual Institutional Investors Conference will take place on March 2, 2021, at 4:40 p.m. ET. Interested parties can access live audio webcasts on Cogent's website, with replays available for 90 days.
Cogent Communications (NASDAQ: CCOI) is set to host a conference call on February 25, 2021, at 8:30 a.m. ET to discuss its operating results for Q4 and full year 2020. A press release detailing these results will be issued earlier that day at 7:00 a.m. ET. The conference call is accessible via a dedicated U.S. dial-in number and an international dial-in option. An audio webcast will also be available on Cogent's website and will remain accessible until March 17, 2021. This call invites participation from interested parties.
Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in the Citi 2020 Global TMT West Virtual Conference on January 5, 2021, at 3:00 p.m. ET. Investors can access a live audio webcast of the presentation from Cogent's website, with a replay available for 90 days. Cogent is a leading provider of low-cost, high-speed Internet access, operating in over 207 markets across 47 countries. For more information, visit www.cogentco.com.