Cogent Communications (CCOI) PT Lowered to $38 at Cowen Amid Light Gross Margins; Sees Better 2nd-Half

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Go back to Cogent Communications (CCOI) PT Lowered to $38 at Cowen Amid Light Gross Margins; Sees Better 2nd-Half

Cogent Communications Reports Second Quarter 2015 Results and Increases Regular Quarterly Dividend on Common Stock

August 6, 2015 7:00 AM EDT

WASHINGTON, Aug. 6, 2015 /PRNewswire/ --

Financial and Business Highlights

Service revenue for Q2 2015, on a constant currency basis, increased by 2.0% from Q1 2015 to Q2 2015 and increased by 9.5% from Q2 2014 Cogent approves a 3.0% increase of its regular quarterly dividend to $0.34 per common share to be paid on September 11, 2015 to shareholders of record on August 21, 2015 Under Cogent's return of capital program, Cogent purchased 579,000 shares of its common stock for $19.1 million during Q2 2015 EBITDA for Q2 2015 of $30.6 million increased by 3.1% from $29.6 million for Q1 2015 EBITDA margin increased by 40... More