In stock investments, a trio of companies is quietly reshaping the fortunes of ordinary investors. This is turning portfolios into sources of wealth. These millionaire-maker stocks are focusing on wealth creation, unveiling key strategies that captivate investors and propel them toward millionaire status. Let’s learn about the operational edge and vision that position these stocks as transformative catalysts for investments.Celestica (CLS)Source: shutterstock.com/Sutthiphong ChandaengQ4 2023 marked the 20th ...

In the intricate tapestry of the stock market, savvy investors often latch on to the golden threads of tax-efficient dividend stocks, effectively weaving through the fabric of the January effect. While the January effect offers a glimpse into the short-term ebbs and flows of the market, the pursuit of tax-efficient dividend stocks stands as a beacon for those looking to maximize their returns. Investors set their sights on bolstering net returns by capitalizing on favorable tax treatment, similar to harness ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Dave Schaeffer - Chief Executive Officer Thaddeus Weed - Chief Financial Officer Conference Call Participants Gregory Williams - TD Cowen Frank Louthan - Raymond James Financial, Inc. Walter Piecyk - LightShed Partners Timothy Horan - Oppenheimer & Co. Inc. Nick Del Deo - MoffettNathanson LLC Brandon Nispel - KeyBanc Capital Markets Michael Rollins - Citigroup Global Markets O ...

| --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|--------------------------------|---------------------------|---------------------------------------------|----------------------------------------------------------------------|-----------------------------------------|--------------------------------------------------------| | Balance at June 30, 2022 | Common Shares \n48,003,724 | Stock Amount \n$ 48 | Additional Paid-in Capital \n$561,161 | Accumulated Othe ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Dave Schaeffer - Chairman & CEO Thad Weed - CFO Conference Call Participants Phil Cusick - JPMorgan Frank Louthan - Raymond James Greg Williams - TD Cowen Walter Piecyk - LightShed Partners David Barden - Bank of America Brett Feldman - Goldman Sachs Tim Horan - Oppenheimer & Co. Nick Del Deo - MoffettNathanson Evan Young - KeyBanc Capital Markets Michael Rollins - Citigroup Op ...

In addition to providing our on-net services, we provide Internet access and private network services to customers that are not located in buildings directly connected to our network. We provide these off-net services primarily to corporate customers using other carriers' circuits to provide the "last mile" portion of the link from the customers' premises to our network. Our off-net revenues represented 42.5% of our revenues for the three months ended June 30, 2023, 24.4% of our revenues for the three month ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Dave Schaeffer - Chairman and Chief Executive Officer Thad Weed - Chief Financial Officer Conference Call Participants David Barden - Bank of America Walter Piecyk - LightShed Walter Nick Del Deo - MoffettNathanson Michael Collins - Citi Frank Louthan - Raymond James Evan Young - KeyBanc Capital Markets Operator Good morning, and welcome to the Cogent Communications Holdings First Q ...

COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State of Incorporation) (I.R.S. Employer Identification Number) 2450 N Street N.W. Washington, D.C. 20037 (Address of Principal Executive Offices and Zip Code) (202) 295-4200 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on which Registered Common Stock, par value $0.001 per ...

Cogent Communications Holdings Inc. (NASDAQ:CCOI) Q4 2022 Results Conference Call February 23, 2023 8:30 AM ET Company Participants Dave Schaeffer - Founder, Chairman, CEO & President Thaddeus Weed - CFO and Senior VP, Audit & Operations Conference Call Participants Frank Louthan - Raymond James James Breen - William Blair Evan Young - KeyBanc Michael Srour - MoffettNathanson John Crawford - BofA Securities Bora Lee - RBC Capital Markets Michael Rollins - Citi Operator Good morning, and welcome to the Cogen ...

Network Infrastructure and Operations - The company's network consists of 3,155 on-net buildings and serves 219 metropolitan markets across North America, Europe, Asia, South America, Oceania, and Africa[38] - The company operates 54 data centers with over 606,000 square feet of floor space, directly connected to its network[70] - The company's inter-city network includes 61,292 terrestrial fiber route miles[38] - The company's network operations centers are located in Washington, D.C., and Madrid, Spain, with plans to add centers in Kansas City, Atlanta, Dallas, and Orlando[40] - The company operates 1,512 data centers globally, including 1,458 CNDCs and 54 data centers, supporting services in 219 metropolitan markets across 51 countries[72] - The company anticipates adding a similar number of on-net buildings to its network in the coming years, following an increase from 3,035 in 2021 to 3,155 in 2022[171] - Delays in obtaining network equipment from Cisco due to supply chain issues may hinder the company's ability to upgrade and expand its network[209] Data Centers and Connectivity - The company has 1,837 Multi-Tenant Office Buildings (MTOBs) providing access to bandwidth-intensive tenants[39] - The company has 1,458 Carrier Neutral Data Centers (CNDCs) located in 1,264 buildings, offering the largest portfolio of CNDCs in the industry[68] - The company's corporate customers primarily purchase internet access with speeds ranging from 100 Mbps to 10 Gbps, with a shift towards higher capacity circuits[41] - The company is contractually obligated to pay maintenance fees for inter-city and intra-city dark fiber, and failure to pay could result in service disruptions and potential loss of customers[208] Sales and Workforce - The company's sales force as of December 31, 2022, included 698 full-time employees, with 548 quota-bearing sales employees[48] - The company experienced a 21:1 ratio of sales representatives with less than 12 months of tenure to regional learning managers in 2022[45] - As of December 31, 2022, the company had 1,076 employees, with 82.2% located in the United States and Canada, 16.8% in Europe, and 0.9% in Asia[73] - The company faces challenges in retaining and hiring employees due to its full-time in-office work policy and COVID-19 vaccination mandate, particularly within the sales department[126][140] - SG&A expenses increased by 0.4% in 2022, with sales force headcount growing from 633 in 2021 to 698 in 2022[163] Financial Performance and Liquidity - The company had cash, cash equivalents, and restricted cash of $275.9 million as of December 31, 2022, maintaining a high level of liquidity despite the COVID-19 pandemic[137] - Net cash provided by operating activities for 2022 was $173.7 million, compared to $170.3 million in 2021 and $140.3 million in 2020[145] - Net cash used in investing activities for 2022 was $79.0 million, primarily for purchases of property and equipment, compared to $69.9 million in 2021 and $56.0 million in 2020[146] - Quarterly dividend payments increased to $169.9 million in 2022, up from $150.3 million in 2021 and $129.4 million in 2020[148] - The company redeemed $375.4 million of 2024 Notes in June 2022 and issued $450.0 million of 2027 Notes for net proceeds of $446.0 million[149] - The company expects to provide approximately $363 million to meet expected quarterly dividend payments over the next two years[175] - The company's total cash, cash equivalents, and restricted cash were $275.9 million as of December 31, 2022[191] - The company's total indebtedness was $1.3 billion as of December 31, 2022, including $304.2 million in finance lease obligations[192] - The company issued $500.0 million of 2027 Notes with a 7.00% interest rate in June 2022[194] - The company issued $500.0 million of 2026 Notes with a 3.50% interest rate in May 2021[195] Revenue and Customer Trends - Approximately 57.1% of the company's revenue for 2022 came from corporate customers, primarily located in MTOBs in the United States and Canada[83] - The company's corporate business growth depends on lower vacancy rates and increased leasing activity in MTOBs[100] - The company experienced a slowdown in new sales to corporate customers due to rising vacancy levels and falling lease initiations, negatively impacting corporate revenue growth[120][142] - The company's corporate customers have delayed new configurations and upgrades, and reduced demand for connecting smaller satellite offices due to the COVID-19 pandemic, leading to increased customer turnover[142] - On-net revenues increased by 2.2% from 2021 to 2022, driven by an increase in on-net customer connections[158] - The average price per megabit for net-centric customers declined by 19.4% from 2021 to 2022, with further declines expected[157] Risks and Challenges - The company is experiencing delays in the delivery of networking equipment and other services from certain vendors[87] - The company's net-centric business could be impacted by a decline in the development of new Internet-based applications and businesses[88] - The company faces risks from inflation, particularly in electricity costs, which may impact profitability if price increases continue[113] - The company's ability to maintain settlement-free peering relationships is crucial for providing high-performance, affordable, and reliable services[109] - The company's historical pricing patterns are under pressure due to deflationary industry trends and increasing competition[110] - The company may need to refinance its indebtedness or raise additional capital, which could result in dilution to existing stockholders or unforeseen contingent liabilities[131][135] - The company's growth is dependent on retaining existing customers and adding new customers, with potential risks from customer turnover and reduced purchases from significant customers[118] - The company's business model is vulnerable to changes in customer preferences, such as a shift towards services combining Internet access with voice and managed services, or the introduction of new technologies like satellite-based Internet or 5G[130] - The company's integration of the Wireline Business may face difficulties, potentially leading to delays in realizing anticipated benefits and adverse effects on profitability[117] - The company's reliance on the U.S. government's E-rate program for funding poses a risk, as the discontinuation of such programs could result in customer loss and impaired growth[119] - Cisco's potential litigation risks, including patent infringement claims, could require the company to seek non-infringing technology or licenses, which may not be available on acceptable terms[210] - International operations expose the company to regulatory, legal, and tax risks, including difficulties in enforcing contracts and managing foreign operations[213] - The company faces potential liabilities related to information carried on its network, which could require significant resources to mitigate or result in discontinued services[214] - Privacy regulations in various countries may require the company to adopt additional measures for data transmission, impacting its operations[215] - Changes in U.S. laws, such as the potential repeal of Section 230 of the Communications Decency Act, could adversely affect the company's customers and revenue[218] - Government-imposed content blocking requirements could lead to additional expenses or service cessation in certain countries[219] - Expansion of Internet service taxation in the U.S. could require significant resources to implement and may discourage customer adoption[220] - The company's substantial indebtedness may limit cash flow available for growth, capital expenditures, and acquisitions[224] Acquisitions and Strategic Initiatives - The company plans to expand its product offerings to include wavelength and optical transport services following the acquisition of the Wireline Business[67] - The company announced the acquisition of the Wireline Business of Sprint Communications in September 2022, with an expected closing in 2023[115] Swap Agreement and Financial Transactions - The company received $0.6 million in November 2021 and $1.2 million in May 2022 under the Swap Agreement, but paid $3.4 million in November 2022, resulting in a net cash interest cost[123] - The company received $0.6 million in net cash savings from the Swap Agreement settlement in November 2021[176] - The company received $1.2 million in net cash savings from the Swap Agreement settlement in May 2022[176] - The company paid $3.4 million in net cash interest cost from the Swap Agreement settlement in November 2022[176] - The fair value of the Swap Agreement was a liability of $52.1 million as of December 31, 2022[176] - The company made a $61.7 million deposit with the counterparty to the Swap Agreement[176] Operational Expenses and Costs - Network operations expenses increased by 0.8% from 2021 to 2022, primarily due to international expansion activities[160] - The company's revenue decreased by $3.1 million from 2021 to 2022 due to taxes including the Universal Service Fund[199]