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.
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Cogent Communications (NASDAQ: CCOI) has announced a conference call scheduled for May 4, 2023, at 8:30 a.m. ET to discuss its first-quarter 2023 operating results.
The press release will be issued at 7:00 a.m. ET on the same day, allowing stakeholders to review the financial performance prior to the call. Interested participants can join the call using dial-in numbers provided in the release, with U.S. callers reaching out at 1-888-440-6240. An audio webcast will also be available on Cogent's website, remaining accessible until May 18, 2023.
Cogent Communications (NASDAQ: CCOI) has announced a quarterly dividend increase of $0.01 per share, bringing the total to $0.925 for Q1 2023. This marks the company's 42nd consecutive quarterly dividend increase and represents an annual increase of 8.2% from Q1 2022. Service revenue for Q4 2022 reached $152.0 million, a 1.3% increase from the previous quarter, with on-net revenue at $114.9 million. Net cash provided by operating activities rose 2.0% to $173.7 million for the year. However, the company continues to face challenges due to the COVID-19 pandemic affecting commercial office demand.