Cogent Communications Hldgs In Stock Price, News & Analysis

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.

Cogent Communications (NASDAQ: CCOI) announced the schedule for its Q1 2021 operating results. The press release will be issued on April 28, 2021 at 5:20 p.m. ET, followed by a conference call on April 29, 2021, at 8:30 a.m. ET. Callers can join via a dedicated number or web access. Cogent is a provider of low cost, high speed Internet and private network services across 210 markets in 48 countries. Forward-looking statements in the release highlight potential risks and uncertainties regarding future performance.

Cogent Communications Holdings (NASDAQ: CCOI) will host a conference call on April 29, 2021, at 8:30 a.m. ET, to discuss its first-quarter operating results. A press release with the results will be issued at 7:00 a.m. ET on the same day. The call is open to all participants and can be accessed via a U.S. dial-in number (1-800-668-4132) or an international number (1-224-357-2196). An audio webcast will also be available on Cogent's website and will remain up until May 19, 2021.

Cogent Communications Holdings (NASDAQ: CCOI) announced that CEO Dave Schaeffer and CFO Sean Wallace will present in two upcoming virtual conferences. The first is the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 8, 2021 at 11:00 a.m. ET. The second is the 2021 Truist Securities Technology, Internet & Services Conference on March 9, 2021 at 3:30 p.m. ET. Interested parties can access live audio webcasts on Cogent's website, with replays available for 90 days. Cogent provides low-cost, high-speed Internet access across 47 countries.

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.