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Stock impact report

Cogent Communications Reports Third Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock [Yahoo! Finance]

Cogent Communications Holdings, Inc. (CCOI) 
Last cogent communications holdings, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Wavelength revenue increased by 45.8%, sequentially, and was $3.6 million for Q2 2024 and $5.3 million for Q3 2024. Revenue from leasing IPv4 addresses increased by 11.8%, sequentially, and was $11.5 million for Q2 2024 and $12.8 million for Q3 2024. EBITDA increased by 32.2% from Q2 2024 to $35.9 million for Q3 2024. EBITDA margin was 10.4% for Q2 2024 and 13.9% for Q3 2024. Net cash used in operating activities was $52.4 million for Q3 2023, $22.2 million for Q2 2024 and $20.2 million for Q3 2024. Cogent approved an increase of per share to its regular quarterly dividend for a total of per share for Q4 2024 as compared to per share for Q3 2024 – Cogent's forty-ninth consecutive quarterly dividend increase. WASHINGTON Nov. 7, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $257.2 million for the three months ended September 30, 2024 , a decrease of 1.2% from the three months ended June 30, 2024 and a Show less Read more
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