Tucows Inc Stock Price, News & Analysis

Ting Internet, a division of Tucows, has launched free Wi-Fi at Centennial Center Park in Centennial, Colorado, enhancing the experience for park visitors. The initiative, announced on July 6, 2021, provides wireless hotspots capable of supporting thousands of users, making it a valuable addition during the summer season. The park, spanning 11 acres, features amenities such as a playground and splash pad, attracting many guests. Ting's commitment to improving community access to the internet reflects its mission to lower barriers for connectivity.

Tucows has announced that its Ting Internet service is now available in Rolesville, North Carolina, marking its fourth launch in the state. The fiber internet service offers higher bandwidth and less signal interference than traditional cable, enhancing user experience for both residents and businesses. Starting prices are $89 per month for home service and $139 for businesses. This expansion follows previous rollouts in nearby towns and responds to increasing demand for reliable internet as more individuals work from home.

On June 3, 2021, Ting Internet, part of Tucows (NASDAQ: TCX), announced a five-year partnership to rename Charlottesville Pavilion as Ting Pavilion. The venue opens its 2021 season on June 18, featuring the return of the Fridays After Five concert series. Ting Internet has served the Charlottesville community since 2014, expanding its fiber internet services and supporting local initiatives. Venue management emphasizes community engagement and economic impact. City Council approval for the name change is expected on June 7, 2021.

Ting Internet, a division of Tucows (NASDAQ: TCX), is among the first to support the Emergency Broadband Benefit initiated by the FCC. This program offers eligible customers up to $50 monthly off their internet bills, funded by a $3.2 billion allocation from Congress. The initiative aims to alleviate financial burdens related to broadband access during the pandemic. Ting Internet, active in 13 markets, continues to focus on digital inclusion, enhancing community connectivity through various support programs.

Tucows reported its Q1 2021 financial results, revealing a net revenue of $70.9 million, down 15.6% from $84.0 million in Q1 2020. The drop was primarily due to the transition from a Mobile Virtual Network Operator to a Mobile Services Enabler, resulting in reduced revenue from Mobile Services. Gross profit also fell 30.6% to $17.5 million. Despite these declines, Adjusted EBITDA remained steady at $12.7 million. The net income decreased by 24.2% to $2.1 million, reflecting higher depreciation costs.

Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its Q1 2021 financial results on May 6, 2021, at 5:05 PM ET, followed by a pre-recorded audio commentary on its quarterly performance and future outlook. Shareholders and investors can submit questions until May 11, with responses posted on May 18. Tucows provides internet services, including Ting Internet for fiber access, and manages around 25 million domain names through various platforms. The upcoming financial results may impact investor sentiment.

Ting Internet, a division of Tucows (NASDAQ: TCX), announced an expansion into Dover and Kootenai, Idaho, enhancing access to fiber internet in the Greater Sandpoint region. The service aims to provide residents and businesses with true gigabit speeds, moving away from older cable infrastructure. Ting's pricing starts at $39 per month for 50 Mbps, with options for businesses beginning at $139 per month. Infrastructure development is underway, with services expected to launch later this year, supported by local interest and community partnerships.

Ting Internet, a division of Tucows, is launching its fiber-optic internet service in Encinitas, CA, marking the company's first market entry for 2021. This expansion adds Encinitas to the list of California cities already served by Ting: Culver City, Fullerton, and Solana Beach. The service aims to meet the growing demand for high-speed internet, especially during the pandemic. Ting's network will cover nearly 50,000 addresses, with pricing starting at $89 per month for residential services. Pre-orders are now available.

Tucows announced a stock buyback program to repurchase up to $40 million of its common stock, commencing February 10, 2021. This new buyback program will terminate on or before February 9, 2022, and follows the termination of a previous program with the same value. The shares bought back will be retired and returned to treasury. The timing and number of shares purchased will depend on market conditions and available cash. Tucows intends to fund the buyback from working capital and existing credit facilities, with 10,615,725 shares outstanding as of February 8, 2021.