Cogent Communications Hldgs In - CCOI STOCK NEWS

Cogent Communications Holdings, trading as CCOI, announced participation in two upcoming virtual conferences. CEO Dave Schaeffer and CFO Sean Wallace will present at the Deutsche Bank 2021 Technology Conference on September 9, 2021, at 9:50 a.m. ET, and at the Goldman Sachs 30th Annual Communacopia Conference on September 21, 2021, at 1:15 p.m. ET. Live audio webcasts can be accessed through their website, with replays available for 90 days. Cogent is a provider of high-speed Internet access across 48 countries.

Cogent Communications announced a quarterly dividend increase of $0.025 per share to $0.805 for Q3 2021, marking the 36th consecutive increase and reflecting a 14.2% annual rise from Q3 2020. Service revenue for Q2 2021 reached $147.9 million, up 0.8% from Q1 2021 and 4.9% year-over-year. GAAP gross profit rose by 3.6% to $69.6 million, while EBITDA reached $57.2 million, up 7.2% from Q2 2020. However, net income per share was $(0.05). The company is affected by uncertainties linked to the ongoing COVID-19 pandemic.

Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in three upcoming virtual conferences. They will present at the KeyBanc 22nd Annual Technology Leadership Forum on August 9, 2021, at 12:40 p.m. ET, the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 10:45 a.m. ET, and the Cowen 7th Annual Communications Infrastructure Summit on August 12, 2021, at 10:50 a.m. ET. Interested parties can access live webcasts on Cogent’s website.

Cogent Communications Holdings (NASDAQ: CCOI) announces a conference call for August 5, 2021 at 8:30 a.m. ET, to discuss its Q2 2021 operating results. A press release will precede this call at 7:00 a.m. ET. The call is open to all and can be accessed via a U.S. dial-in number (1-800-668-4132) or international number (1-224-357-2196). A webcast will be available on the Cogent website and a replay will be accessible from August 5, 2021 through August 12, 2021.

Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will participate in the Credit Suisse 23rd Annual Communications Conference on June 14, 2021, at 11:55 a.m. ET. The conference will be held virtually, and interested parties can access a live audio webcast through the Events section of Cogent's website. A replay will be available for 90 days post-event. Cogent provides high-speed internet and private network services globally, operating in over 210 markets across 48 countries.

Cogent Communications (NASDAQ: CCOI), a leading Internet service provider, announced the participation of CEO Dave Schaeffer and CFO Sean Wallace in upcoming virtual conferences. They will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 2:00 p.m. ET, and at Cowen's 49th Annual TMT Conference on June 1, 2021, at 11:50 a.m. ET. A prerecorded presentation for the RBC Capital Markets Conference will also be available after May 25. Webcasts will be accessible on Cogent’s website.

Cogent Communications (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will present at the Eighth Annual MoffettNathanson Media & Communications Summit on May 12, 2021, at 3:00 p.m. ET. The event will be held virtually, and interested parties can access a live audio webcast via Cogent's website. Replays will be available for 90 days post-presentation. Cogent is a leading provider of low-cost, high-speed Internet access and services across 210 markets in 48 countries.

Cogent Communications Holdings (NASDAQ: CCOI) announced a $500 million offering of senior secured notes due 2026, intended for qualified institutional buyers. Proceeds will be primarily used to redeem $284.1 million of existing secured notes due 2022, with a redemption date set for December 1, 2021. The notes will be guaranteed by Cogent's material domestic subsidiaries and intended for strategic financial management, including potential dividends. There’s no assurance that the offering will conclude or that existing notes will be redeemed.

Cogent Communications has declared a quarterly dividend increase to $0.780 per share, marking a 3.3% rise from Q1 2021 and a 14.7% annual increase from Q2 2020. Total service revenue for Q1 2021 reached $146.8 million, up 2.0% from Q4 2020. GAAP gross profit rose by 3.4% year-over-year, totaling $67.7 million. Despite a 90 basis point decrease in EBITDA margin to 37.8%, net income increased significantly to $18.9 million. The dividend is payable on May 28, 2021, to shareholders of record on May 14, 2021.