Cogent Communications Hldgs In Stock Price, News & Analysis

Cogent Communications (NASDAQ: CCOI) has announced that CEO Dave Schaeffer will present at three upcoming conferences. The RBC Capital Markets Global Technology Conference is scheduled for November 15 at 1:25 p.m. ET in New York. Schaeffer will also present at the BofA Securities Leveraged Finance Conference on November 29 at 10:50 a.m. ET in Boca Raton, FL, and at the Credit Suisse 26th Annual Technology Conference on November 30 at 10:55 a.m. MT in Scottsdale, AZ. Live audio webcasts will be available on Cogent's website.

Cogent Communications Holdings (NASDAQ: CCOI), a leading Internet service provider, announced that CEO Dave Schaeffer will speak at the 2022 RBC Capital Markets TIMT Conference on November 15 at 1:25 p.m. ET in New York, NY. Investors can access a live audio webcast via Cogent’s website, with a replay available for 90 days post-event. Cogent offers high-speed Internet and private network services in over 219 markets across 51 countries, focusing on bandwidth-intensive businesses. For more details, visit www.cogentco.com.

Cogent Communications (CCOI) announced a $0.01 increase in its quarterly dividend, raising it to $0.915 per share for Q4 2022, reflecting a 10.2% annual increase. Service revenue reached $150 million, a 1.0% increase from Q2 2022 and 1.4% from Q3 2021. Net cash from operating activities surged 55.7% to $53.6 million. However, EBITDA margin decreased to 38.6%.

Despite the challenges posed by COVID-19, total customer connections rose 3.6% year-over-year, now totaling 96,321.

Cogent Communications Holdings (NASDAQ: CCOI) has announced a conference call scheduled for November 3, 2022, at 8:30 a.m. ET to discuss its third quarter 2022 operating results. A press release detailing these results will be issued at 7:00 a.m. ET on the same day. Participants can join the call via a dial-in number or through an internet audio webcast available on Cogent's website. The company, a provider of high-speed Internet services in 219 markets across 51 countries, encourages callers to connect 15 minutes early.

Cogent Communications Holdings (NASDAQ: CCOI) announced a time change for Dave Schaeffer's presentation at the Deutsche Bank 30th Annual Leveraged Finance Conference in Scottsdale, AZ. The new presentation time is set for Tuesday, September 20th at 2:15 PM MDT. Investors can access a live audio webcast of the event via Cogent's website, with a replay available for 90 days post-presentation. Cogent is a leading provider of high-speed Internet services across 219 markets in 51 countries.

Cogent Communications (NASDAQ: CCOI) has agreed to acquire T-Mobile's Wireline Business, enhancing its network capabilities and customer base. The acquisition includes the Sprint U.S. long-haul network, allowing Cogent to replace its leased network with owned assets. T-Mobile will pay Cogent $700 million for IP transit services over 54 months, with $350 million due in the first year. The deal, expected to close in H2 2023, won't dilute existing shareholders, and Cogent plans to maintain its dividend. This strategic move aims to expand Cogent's product offerings and customer migrations.

Cogent Communications (NASDAQ: CCOI) will see its CEO, Dave Schaeffer, present at two major conferences. He will appear at the Deutsche Bank 2022 Technology Conference on September 1 at 1:15 p.m. PT in Las Vegas, NV, followed by the Bank of America 2022 Media, Communications and Entertainment Conference on September 7 at 2:50 p.m. PT in Beverly Hills, CA. Live webcasts can be accessed on Cogent's website, with replays available for 90 days.

Cogent Communications Holdings (CCOI) has approved a quarterly dividend increase to $0.905 per share for Q3 2022, marking its fortieth consecutive quarterly dividend increase. This represents a 12.4% annual rise compared to Q3 2021. For Q2 2022, service revenue stood at $148.5 million, a 0.5% decrease from Q1 2022. EBITDA increased by 2.3% to $58.5 million, while net cash from operating activities decreased by 13.4% year-over-year. Cogent continues to face uncertainties due to COVID-19, impacting operations and customer connections.

Cogent Communications Holdings (NASDAQ: CCOI) announced that CEO Dave Schaeffer will present at two key conferences: the KeyBanc Technology Leadership Forum on August 8th at 10:30 a.m. MT in Vail, CO, and the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10th at 11:35 a.m. ET, virtually. Interested parties can access live audio webcasts on Cogent's website, with replays available for 90 days post-presentation. Cogent provides high-speed Internet and private network services across 216 markets globally.