Last $37.06 USD
Change Today -0.78 / -2.06%
Volume 224.2K
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

cogent communications holdin (CCOI) Key Developments

Cogent Communications Holdings, Inc. Presents at Citi 25th Annual Global Internet, Media and Telecom Conference 2015, Jan-06-2015 10:15 AM

Cogent Communications Holdings, Inc. Presents at Citi 25th Annual Global Internet, Media and Telecom Conference 2015, Jan-06-2015 10:15 AM. Venue: The Bellagio, 3600 S Las Vegas Blvd, Las Vegas, NV 89109, United States. Speakers: David Schaeffer, Founder, Chairman, Chief Executive Officer and President.

Cogent Communications Holdings, Inc. Announces Increased Fourth Quarter Dividend, Payable on December 12, 2014; Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

On November 3, 2014, Cogent Communications Holdings, Inc.'s board approved a dividend of $0.31 per common share payable on December 12, 2014 to shareholders of record on November 26, 2014. The fourth quarter 2014 regular dividend of $0.31 per share represents an increase of 3.3% from the third quarter 2014 regular dividend of $0.30 per share. The company announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported service revenue of $95,691,000 against $87,761,000 a year ago. Operating income was $13,614,000 against $12,577,000 a year ago. Income before income taxes was $1,092,000 against $2,301,000 a year ago. Net loss was $184,000 or $0.00 per basic and diluted share against net income of $2,122,000 or $0.05 per basic and diluted share a year ago. Net cash provided by operating activities was $16,074,000 against $14,898,000 a year ago. Purchases of property and equipment were $15,403,000 against $10,165,000 a year ago. The impact of foreign exchange negatively impacted service revenue growth from third quarter of 2013 to from third quarter of 2014 by $0.2 million and negatively impacted service revenue growth from second quarter of 2014 to third quarter of 2014 by $0.7 million. Earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted, increased by 9.9% from $30.7 million for the three months ended September 30, 2013 to $33.7 million for the three months ended September 30, 2014 and increased by 0.8% from $33.5 million for the three months ended June 30, 2014. For the nine months, the company reported service revenue of $283,252,000 against $258,118,000 a year ago. Operating income was $40,832,000 against $34,085,000 a year ago. Income before income taxes was $3,620,000 against $4,969,000 a year ago. Net income was $1,149,000 or $0.02 per diluted share against $4,090,000 or $0.09 per diluted share a year ago. Net cash provided by operating activities was $55,105,000 against $52,563,000 a year ago. Purchases of property and equipment were $47,010,000 against $38,936,000 a year ago.

Cogent Communications Holdings, Inc. Announces Amendments to the Bylaws

On November 3, 2014, the Board of Directors of Cogent Communications Holdings, Inc. amended and restated the Bylaws of the Company, effective immediately, to provide that shareholder actions must be filed in Delaware and awards the Company attorney's fees if it prevails and otherwise provides that each party bears its own expenses of litigation, which are new articles 62 and 63 in the Bylaws. The Board of Directors also approved that each new article added to the Bylaws shall be submitted separately to the stockholders for confirmation at the annual meeting. The stockholders shall be informed in the proxy that should the stockholders fail to confirm either bylaw change the board intends, absent extraordinary circumstances, to remove from the bylaws the change that was not confirmed.

Cogent Communications Holdings, Inc. Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-10-2014 01:30 PM

Cogent Communications Holdings, Inc. Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-10-2014 01:30 PM. Venue: Westin New York Times Square, 270 West 43rd Street (at 8th Avenue), New York, New York, United States. Speakers: David Schaeffer, Founder, Chairman, Chief Executive Officer and President.

Cogent Communications Holdings, Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 10:45 AM

Cogent Communications Holdings, Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 10:45 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: David Schaeffer, Founder, Chairman, Chief Executive Officer and President.

 

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