Cogent is benefiting from increasing customer engagement in its Net-centric business. The company operates a large number of data centers and its extensive coverage enables it to serve Net-centric customers with a reliable and low-latency network. Additionally, the company is observing positive trends in its corporate business as corporate customers are seeking to upgrade existing internet infrastructure to enhance connectivity and facilitate remote work. This internet service provider is expected to post q ...

From an enterprise perspective, 5G has been a game changer for high-speed data transfer and low-latency connections. Yet, many consumers report relatively unimpressive experiences with the 5th generation of telecommunication networks. Part of this might be due to the more niche benefits 5G provides over 4G and the fact that around 40% of users across the U.S. do not have phones designed with 5G. Thus, some hyped-up telecom companies that surged during the 5G rollout might become 5G stocks to sell. Moreover, ...

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About Cogent Communications 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") ...

Have you evaluated the performance of Cogent Communications' (CCOI) international operations for the quarter ending March 2024? Given the extensive global presence of this internet service provider, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has bec ...

Cogent Communications Holdings, Inc. (CCOI) reported soft first-quarter 2024 results, with both the bottom and top lines falling short of the respective Zacks Consensus Estimate. However, the Washington, DC-based leading Internet service provider reported a top-line expansion year over year, driven by solid demand trends in the net-centric business.Net IncomeThe company reported a net loss of $65.3 million or a loss of $1.38 per share against a net income of $6.1 million or 13 cents per share in the year-ag ...

After Charlie Munger’s passing, investors began increasing speculation about Warren Buffett and Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) succession plan. Buffett’s top two protégés are reported to be increasingly contributing to Berkshire’s investment execution, but their specific investment strategies or moves tend to be concealed within Berkshire’s more comprehensive reporting; i.e., there’s no annotation within any SEC filings stating which investment officer executed which trade.Still, we can look ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Dave Schaeffer - CEO Thaddeus Weed - CFO Conference Call Participants Sebastian Petti - JPMorgan Greg Williams - TD Cowen David Barden - Bank of America Frank Louthan - Raymond James Walter Piecyk - LightShed Ventures Michael Rollins - Citi Nick Del Deo - MoffettNathanson Operator Good morning, and welcome to the Cogent Communications Holdings First Quarter 2024 Earnings Conference ...

The Company operates as one operating segment. The Company's service revenue by geographic region and product class and long-lived assets by geographic region are as follows (in thousands): | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------|---------------------|----------------------|-------|-----------------------|------------|--------------------|---------------------| | Three Months Ended March 31, 2024 Revenues \nNorth America | ...

For the quarter ended March 2024, Cogent Communications (CCOI) reported revenue of $266.17 million, up 73.3% over the same period last year. EPS came in at -$1.29, compared to $0.13 in the year-ago quarter.The reported revenue represents a surprise of -2.90% over the Zacks Consensus Estimate of $274.13 million. With the consensus EPS estimate being -$1.10, the EPS surprise was -17.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...