CCOI Stock Recent News

Despite a decline in total customer connections, Cogent (CCOI) reports a top-line improvement year over year, driven by net sales growth in net-centric and corporate business.

Cogent Communications (CCOI) came out with a quarterly loss of $0.75 per share versus the Zacks Consensus Estimate of a loss of $1.31. This compares to loss of $0.13 per share a year ago.

Financial and Business Highlights Service revenue was $239.8 million for Q2 2023 and was $260.4 million for Q2 2024. EBITDA margin was 6.9% for Q1 2024 and 10.4% for Q2 2024.

Besides Wall Street's top -and-bottom-line estimates for Cogent (CCOI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

WASHINGTON , Aug. 1, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced a change in the webcast information for the following conference at which Dave Schaeffer, Cogent's Chief Executive Officer, will present: The BofA SMID Cap Conference is being held virtually. Dave Schaeffer will be presenting on Tuesday, August 6th at 2:00 p.m.

WASHINGTON , July 25, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conferences: The KeyBanc Capital Markets Technology Leadership Forum is being held in Vail, CO. Dave Schaeffer will be presenting on Monday, August 5th at 11:00 a.m.

WASHINGTON , July 17, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on August 8, 2024 to present Cogent's operating results for the second quarter of 2024 and answer questions.

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Cogent Communications is recommended as a buy due to the positive demand outlook and strong secular tailwinds. CCOI provides internet access to corporates, data centers, and enterprises, with potential growth from IPv4 addresses. CCOI offers an attractive dividend yield of ~7% and a potential total return upside of 37% in the base case.

WASHINGTON , June 5, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (the "Company" or "Cogent") today announced that two of its wholly owned subsidiaries, Cogent Communications Group, LLC (f/k/a Cogent Communications Group, Inc.) ("Cogent Group") and Cogent Finance, Inc. (the "Co-Issuer" and, together with Cogent Group, the "Issuers"), intend to commence an offering of $300.0 million aggregate principal amount of 7.000% senior notes due 2027 (the "Notes") to be offered and sold only to persons reasonably believed to be "qualified institutional buyers" in an unregistered offering pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act. The Notes are expected to be guaranteed on a senior unsecured basis by Cogent Group's existing and future material domestic subsidiaries (other than the Co-Issuer),