Last $35.50 USD
Change Today +0.63 / 1.81%
Volume 124.6K
CCOI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

cogent communications holdin (CCOI) Snapshot

Open
$35.02
Previous Close
$34.87
Day High
$35.62
Day Low
$34.77
52 Week High
02/20/14 - $43.24
52 Week Low
10/14/14 - $29.70
Market Cap
1.6B
Average Volume 10 Days
316.2K
EPS TTM
$1.07
Shares Outstanding
46.2M
EX-Date
11/24/14
P/E TM
33.2x
Dividend
$1.24
Dividend Yield
3.30%
Current Stock Chart for COGENT COMMUNICATIONS HOLDIN (CCOI)

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cogent communications holdin (CCOI) Details

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access and Internet protocol communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Japan. It offers on-net Internet access services to bandwidth-intensive users, such as universities, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application providers; and to corporate customers located in multi-tenant office buildings, including law firms, financial services firms, advertising and marketing firms, and other professional services businesses. The company also provides its on-net services in carrier-neutral co-location facilities, company controlled data centers, and single-tenant office buildings. In addition, it offers off-net services to businesses that are connected to its network primarily by means of ‘last mile’ access service lines obtained from other carriers primarily in the form of point-to-point carrier Ethernet, TDM, POS, SDH, and/or carrier Ethernet circuits. Further, the company provides Internet connectivity to customers that are not located in buildings directly connected to the company’s network, as well as offers voice services. Cogent Communications Holdings, Inc. operates 43 data centers that allow customers to co-locate their equipment and access its network. The company was founded in 1999 and is headquartered in Washington, the District of Columbia.

707 Employees
Last Reported Date: 02/28/14
Founded in 1999

cogent communications holdin (CCOI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $338.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $261.0K
Chief Legal Officer, Vice President, General ...
Total Annual Compensation: $259.0K
Chief Revenue Officer and Vice President of G...
Total Annual Compensation: $188.0K
Vice President of Field Engineering, Construc...
Total Annual Compensation: $254.0K
Compensation as of Fiscal Year 2013.

cogent communications holdin (CCOI) Key Developments

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 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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CCOI

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Valuation CCOI Industry Range
Price/Earnings 30.9x
Price/Sales 4.3x
Price/Book 14.8x
Price/Cash Flow 13.4x
TEV/Sales 1.9x
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