Cogent Communication (CCOI) Raises Quarterly Dividend 1.1% to $0.955; 5.8% Yield
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Cogent Communications Reports Third Quarter 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock
November 9, 2023 6:58 AM ESTFinancial and Business Highlights
Service revenue increased from Q2 2023 to Q3 2023 by 14.9% to $275.4 million and increased from Q3 2022 to Q3 2023 by 83.6%.Service revenue, on a constant currency basis, increased from Q2 2023 to Q3 2023 by 14.9% and increased from Q3 2022 to Q3 2023 by 82.4%.Net cash provided by operating activities was $82.7 million for Q2 2023 and net cash used in operating activities was $52.4 million for Q3 2023.Net cash used in investing activities was $22.3 million for Q2 2023 and... More