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. 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) 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.
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.