Cogent Communication (CCOI) Raises Quarterly Dividend 1% to $1.005; 5% Yield
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Cogent Communications Reports Fourth Quarter and Full Year 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock
February 27, 2025 6:59 AM ESTFinancial and Business Highlights
Service revenue was $252.3 million for Q4 2024 and was $257.2 million for Q3 2024.Service revenue was $1.0 billion for full year 2024 and was $940.9 million for full year 2023.Wavelength revenue increased by 31.8%, sequentially, and was $7.0 million for Q4 2024 and was $5.3 million for Q3 2024.Revenue from leasing IPv4 addresses increased by 11.8%, sequentially, and was $12.6 million for Q4 2024 and was $11.2 million for Q3 2024.EBITDA increased by 16.7% to... More