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 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.
Cogent Communications (NASDAQ: CCOI) announced its participation in four upcoming virtual conferences. CEO Dave Schaeffer and CFO Sean Wallace will present at:
- Credit Suisse 24th Annual Technology Conference on November 30 at 3:00 p.m. ET.
- Bank of America Merrill Lynch 2020 Leverage Finance/Credit Conference on December 1 at 5:15 p.m. ET.
- Wells Fargo TMT Summit 2020 on December 2 at 8:40 a.m. ET.
- UBS Global TMT Conference on December 7 at 2:50 p.m. ET.
Live audio webcasts are available on Cogent's website.
Cogent Communications Holdings (NASDAQ: CCOI) announced the participation of CEO Dave Schaeffer and CFO Sean Wallace in the virtual Bernstein Operational Decisions Conference on November 16 at 1:30 p.m. ET. Investors can access a live audio webcast through the company's website. The webcast will remain available for replay for one year. Cogent is a low-cost, high-speed internet service provider operating in over 207 markets across 47 countries.
Cogent Communications (CCOI) has announced a quarterly dividend increase of $0.025 to $0.730 per share for Q4 2020, marking the thirty-third consecutive increase and a 14.1% rise from Q4 2019's dividend. Service revenue for Q3 2020 reached $142.3 million, up 0.9% sequentially and 3.9% year-over-year. Gross profit also saw a significant increase, with GAAP gross profit rising to $66.2 million (up 7.3% YOY) and EBITDA climbing by 8.1% to $54.6 million. However, the impact of COVID-19 continues to pose risks to sales productivity and customer demand.
Cogent Communications Holdings (NASDAQ: CCOI) will host a conference call on November 5, 2020, at 8:30 a.m. ET, to discuss its third-quarter 2020 operating results. A press release detailing these results will be issued at 7:00 a.m. ET on the same day. The call is open to all parties, accessible via dial-in numbers or an audio webcast on their website. A telephone replay will be available from November 5 to November 12, 2020. Cogent provides high-speed Internet and private network services across 207 markets in 47 countries.
Cogent Communications (NASDAQ: CCOI) will have its CEO Dave Schaeffer and CFO Sean Wallace participate in two virtual conferences. They will present at the Deutsche Bank 2020 Technology Conference on September 14th at 12:15 p.m. ET, and at the Goldman Sachs 29th Annual Communacopia Conference on September 15th at 2:55 p.m. ET. Investors can access a live audio webcast via Cogent's website, with replays available for 180 days post-event.
Cogent Communications (CCOI) announced a quarterly dividend increase of $0.025 per share to a total of $0.705 for Q3 2020, marking its thirty-second consecutive increase. This represents a 13.7% rise from $0.62 in Q3 2019. Service revenue for Q2 2020 rose to $141.0 million, a 0.1% sequential increase and 4.6% year-over-year. GAAP gross profit reached $67.2 million, with a gross margin of 47.7%, up 290 basis points from Q2 2019. However, COVID-19 impacts persist with uncertainties regarding future business operations.
Cogent Communications (NASDAQ: CCOI) announced participation in the Cowen 6th Annual Communications Infrastructure Summit set for August 12th at 12:40 p.m. ET. CEO Dave Schaeffer and CFO Sean Wallace will present during the virtual event. Investors can access a live audio webcast via the "Events" section on Cogent's website. The replay will be available for 90 days after the event. Cogent operates a high-speed Internet access and private network service across 207 markets in 46 countries.