Cogent Communications Reports Second Quarter 2015 Results and Increases Regular Quarterly Dividend on Common Stock
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August 7, 2015 8:54 AM EDT
Cowen analyst Colby Synesael reiterated an Outperform rating but lowered the price target on Cogent Communications (NASDAQ: CCOI) to $38.00 (from $45.00) with Q2 gross margins light. The firm sees better results in the 2nd-half.
Synesael commented, "CCOI reported 2Q15 rev slightly below estimates... More
August 6, 2015 8:45 AM EDT
Cogent Communication (NASDAQ: CCOI) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 3% increase from the prior dividend of $0.33.
The dividend will be payable on September 11, 2015, to stockholders of record on August 21, 2015, with an ex-dividend date of August 19,... More
August 6, 2015 8:44 AM EDT
Cogent Communication (NASDAQ: CCOI) reported Q2 EPS of $0.02, $0.05 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $98.8 million versus the consensus estimate of $99.12 million.
On August 5, 2015, Cogent's board approved a regular quarterly dividend of $0.34 per common share payable on September 11,... More
