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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) 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.
Cogent Communications Holdings (NASDAQ: CCOI) will hold a conference call on August 6, 2020, at 8:00 a.m. ET to discuss its second-quarter operating results. A press release will precede the call at 7:00 a.m. ET on the same day. Participants can join via phone, with U.S. callers using 1-800-668-4132 and international callers using 1-224-357-2196. An audio webcast will be available on Cogent's website, accessible until August 26, 2020.