Loading...
•
Sep 30, 2021
Cogent Q3 2021 Earnings Report
Cogent's service revenue increased, driven by growth in on-net revenue and total customer connections.
Key Takeaways
Cogent Communications reported a service revenue increase of 4.0% year-over-year and 0.03% sequentially. The company's on-net revenue and total customer connections also increased. The Board approved a dividend increase of $0.025 per share from the third quarter 2021.
Service revenue increased by 4.0% year-over-year to $147.9 million.
On-net revenue increased by 5.7% year-over-year to $111.1 million.
Total customer connections increased by 5.1% year-over-year to 92,991.
The Board approved a regular quarterly dividend of $0.830 per common share.
Revenue by Segment
Forward Guidance
Cogent expects to return the rest of its employees outside of the United States to its offices on a full-time basis in the fourth quarter of 2021. The company is implementing measures to protect its workforce but can provide no assurance that these measures will be sufficient.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...