Company Overview - Cogent's network carries approximately 20% of all Internet traffic, serving 206 markets across North America, Europe, Asia, Latin America, and Australia[9] - The company serves over 87,200 customer connections, with 69% of revenues from Corporate end users and 31% from Service Provider customers[9] - Cogent focuses on selling Dedicated Internet Access and IP Connectivity, operating a network spanning from Helsinki, Finland to Sydney, Australia[12] Network Infrastructure - The network includes over 58,000 route miles of intercity fiber and over 36,000 miles of intracity fiber in 206 metro markets[12] - Cogent's network is interconnected with over 7,040 different networks and connected to 1,054 data center buildings and 1,769 corporate multi-tenant office buildings[12, 15] - The company has agreements with over 250 building owners (REITs) and operates 54 Cogent data centers with over 606,000 square feet[15] Market Dynamics and Pricing - In the corporate market, the most common On-Net product is 1,000 Mbps for $900/month with a multi-year contract, with typical customers using approximately 12% of purchased capacity[22] - In the NetCentric market, the average price per Mbps was $0.58 in Q4 2019 and $0.53 in Q1 2020, with new sales averaging $0.28 and $0.20 respectively[22] Financial Performance - The company's On-Net revenue for Q1 2020 was $103.5 million, representing a 6.5% year-over-year increase[62] - Off-Net revenue for Q1 2020 was $37.3 million, a decrease of 0.4% quarter-over-quarter[62] - Total revenue for Q1 2020 reached $140.9 million, a 5.1% year-over-year increase[62] - Non-GAAP Gross Margin for Q1 2020 was 60.5%, and EBITDA as adjusted was $50.4 million, representing a 35.8% margin[62] Capital Allocation - Cogent purchased $14 billion of original investment for $60 million through strategic acquisitions[39] - The company has been returning capital to shareholders through share buybacks and dividends, with cumulative totals reaching significant levels from 2005 to Q1 2020[67]

Core Insights - PureVoltage Hosting announces a major expansion at the Telehouse facility in Staten Island, New York, reinforcing its position as the largest client at this location and commitment to providing high-performance infrastructure services globally [1][2] Capacity Expansion and Power Investment - The expansion includes the addition of 96 secure private-locking racks and 500kW of power, enhancing the company's ability to support enterprise, cloud, colocation, and AI workloads with improved reliability and flexibility [2] - PureVoltage has increased its connectivity to the New York International Internet Exchange (NYIIX), now exceeding 800Gbps of capacity, ensuring ultra-low latency and fast routing to major carriers and ISPs [4] Infrastructure Resilience - PureVoltage has maintained over 12 years of uninterrupted service at the Telehouse facility, demonstrating resilience even during catastrophic events like Hurricane Sandy, with no power-related downtime [3] Robust Features and Custom Solutions - The company offers a range of services including dedicated servers, bare metal, colocation, and cloud VPS solutions, designed to scale seamlessly for various workloads such as AI training clusters and fintech applications [5][10] - Key features include DDoS protection, 24/7 proactive network monitoring, carrier-neutral bandwidth, and compliance-ready environments [6] Vision for Future Growth - PureVoltage aims to expand across key markets including New York, Dallas, Los Angeles, Seattle, Tampa, and Chicago, with its relationship with Telehouse being crucial for future growth [6] - The Staten Island facility is strategically located for disaster resilience and long-term uptime, supporting enterprise digital transformation [9]