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Tucows, Inc - TCX STOCK NEWS

Welcome to our dedicated page for Tucows news (Ticker: TCX), a resource for investors and traders seeking the latest updates and insights on Tucows stock.

Tucows Inc. (NASDAQ: TCX) is a global internet services company renowned for its diverse and comprehensive offerings. Its operations are divided into three primary segments: Ting, Wavelo, and Tucows Domains, each playing a crucial role in enhancing internet connectivity worldwide.

Ting (ting.com) delivers fixed fiber internet access across various U.S. cities, providing high-speed, reliable internet alongside unparalleled customer service. Recently, Ting announced the expansion of its 2-gigabit fiber internet to residents and businesses in Thornton, Colorado, a move set to boost regional economic vitality significantly.

Wavelo (wavelo.com) is a modern telecommunications software suite designed to streamline the operations of service providers. It offers solutions that simplify mobile and internet network access, provisioning, billing, and subscription management. Wavelo's recent partnerships with companies like CFaith, DayStarr, and Truespeed, along with its impressive financial performance, underscore its commitment to innovation and operational efficiency.

Tucows Domains (tucowsdomains.com) manages approximately 25 million domain names, making it one of the largest domain name registrars globally. The division also offers various value-added services through a robust reseller network of over 35,000 web hosts and ISPs. Hover, another Tucows brand (hover.com), provides an easy-to-use platform for individuals and small businesses to manage their domain names and email addresses.

Tucows Inc. is not just about services; it actively pursues growth and innovation. The company recently reported notable financial performance, with consolidated revenue for Q1 2024 growing by 8.7% year-over-year to $87.5 million. This growth was driven by substantial gains across all business segments. Despite a net loss due to strategic investments, the company's adjusted EBITDA saw a significant increase, reflecting strong operational performance.

The company's commitment to shareholder value is evident from its approved $40 million stock buyback program, reflecting confidence in its long-term growth prospects.

For more information about Tucows Inc., its services, and latest updates, please visit their corporate website at tucows.com.

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Wavelo, a software company for communication service providers, appoints Andy Youé as Vice President of Sales to support rapid growth. Andy's experience in global sales will enhance Wavelo's ability to help operators increase revenue and reduce costs. The move aims to diversify the customer base, scale globally, and address technical challenges faced by modern telecom operators.

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Tucows Inc. announced the timing for the release of its Q1 2024 financial results and management commentary. The financial results for the first quarter ended March 31, 2024, will be disclosed through a news release on Thursday, May 9, 2024, at 5:05 p.m. ET. Management's commentary on the quarter and the Company's outlook will be available on the Tucows website. Shareholders, analysts, and investors can submit questions to management until May 16, 2024, with responses to be posted on the website on May 28, 2024.
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Wavelo, a modern software provider for telecom operators, signs three new customers and showcases impressive growth with revenue of $38.7 million USD and over $10 million USD in adjusted EBITDA. The company aims to optimize billing and provisioning processes for CSPs worldwide.
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Tucows Inc. (TCX) announces a $40 million stock buyback program to repurchase its common stock, starting February 23, 2024, and ending on or before February 22, 2025. The program will be executed through the Nasdaq Capital Market, funded from working capital and existing credit facilities.
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Tucows Inc. reports Q4 2023 financial results with a 10.2% increase in net revenue, driven by growth in Wavelo and Ting. However, a net loss of $23.4 million was recorded due to investments in Ting Fiber network and higher expenses.
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Ting Internet, a division of Tucows, is expanding its high-speed fiber internet service to Thornton, Colorado, offering residents and businesses lightning-fast speeds of up to 2 gigabits per second. With plans starting at $89 per month, Ting aims to provide unmatched connectivity and internet choice to the community.
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Tucows Inc. (NASDAQ: TCX) will release its Q4 financial results on February 22, 2024, with a pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company. Shareholders, analysts, and prospective investors can submit questions to Tucows' management until February 29, 2024, with responses to be posted on March 12, 2024. The release is scheduled to allow sufficient time for the Company's external auditors to complete audit procedures for Fiscal 2023.
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Tucows Inc. reports strong growth for Wavelo and Ting in Q3 2023. Wavelo saw a significant boost in revenue of 174%, gross margin of 176%, and adjusted EBITDA of 566% on a year over year basis. Ting also showed strong growth with a 17% increase in revenue and a 20% increase in gross margin.
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Ting Internet, a division of Tucows, has been selected to provide fiber internet service to Memphis residents, businesses, and institutions in partnership with Blue Suede Networks. The company aims to make Memphis the most fiber-connected city in America and plans to launch its 2-gigabit symmetrical internet plan by Q3 2024. Low-income residents will be offered the same service at no cost through the Affordable Connectivity Program. Ting will establish a digital equity program to encourage broadband adoption and provide digital skills training. The partnership with The Vibranium Network will help with marketing and adoption strategy. Blue Suede Networks will build the fiber network in phases, with the first residents expected to receive service in summer 2024.
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Tucows Inc. announces timing for Q3 2023 financial results news release and management commentary
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FAQ

What is the current stock price of Tucows (TCX)?

The current stock price of Tucows (TCX) is $18.19 as of December 6, 2024.

What is the market cap of Tucows (TCX)?

The market cap of Tucows (TCX) is approximately 203.7M.

What does Tucows Inc. do?

Tucows Inc. is a global internet services company that provides domain name registration, mobile and internet service provisioning, billing solutions, and fiber-optic internet access.

What are the main business segments of Tucows?

Tucows operates through three main segments: Ting for fiber internet, Wavelo for telecommunications software, and Tucows Domains for domain registration services.

How many domain names does Tucows manage?

Tucows Domains manages approximately 25 million domain names through a global reseller network.

What is Ting?

Ting is a brand under Tucows that offers high-speed fiber internet services to residential and business customers in the U.S.

What services does Wavelo provide?

Wavelo offers telecommunications software solutions that simplify the management of mobile and internet access, provisioning, billing, and subscriptions for service providers.

How is Tucows performing financially?

Tucows reported an 8.7% increase in Q1 2024 revenue year-over-year, with strong growth in all segments. However, it posted a net loss due to strategic investments.

What recent developments have been announced by Tucows?

Recent developments include Ting's fiber internet expansion to Thornton, Colorado, and new partnerships for Wavelo. Tucows also announced a $40 million stock buyback program.

How can I get more information about Tucows' financials?

You can find detailed financial information and updates on Tucows' corporate website at https://tucows.com/investors/financials.

What is the stock buyback program initiated by Tucows?

Tucows has approved a $40 million stock buyback program, effective from February 23, 2024, aimed at repurchasing its common stock in the open market.

Where is Tucows headquartered?

Tucows Inc. is headquartered in Toronto, Canada.

Tucows, Inc

Nasdaq:TCX

TCX Rankings

TCX Stock Data

203.70M
10.11M
8.13%
76.66%
8%
Software - Infrastructure
Services-computer Processing & Data Preparation
Link
United States of America
TORONTO