Wednesday, June 19, 2:31 PM
Verizon (VZ) broadband subs are complaining about receiving low-quality Netflix (NFLX) streams, and the culprit appears to be Verizon's unwillingness to upgrade its network to handle more Netflix traffic from fellow carrier and Netflix bandwidth supplier Cogent (CCOI). The dispute drives home the thorny relationships Netflix, which now makes up ~1/3 of U.S. Web traffic during peak hours, has with many ISPs, in spite of its efforts to relieve congestion via its Open Connect CDN (some ISPs are on board, some aren't). In Verizon's case, the carrier's efforts to compete with Netflix via its Redbox Instant JV could also be a factor.
Tuesday, May 7, 9:07 AMCogent Communications (CCOI) declares $0.13/share quarterly dividend, 8.3% increase from prior dividend of $0.12. Forward yield 1.81%. For shareholders of record May 31. Payable June 18. Ex-div date May 29. (PR)
Tuesday, November 6, 2012, 11:11 AMCogent Communications Group Inc. (CCOI) declares $0.11/share quarterly dividend, 10.0% increase from prior dividend of $0.10. For shareholders of record Nov. 21. Payable Dec. 12. Ex-div Nov. 19. (PR)
Tuesday, November 6, 2012, 9:02 AMCogent Communications Group (CCOI): Q3 EPS of $0.00 misses by $0.01. Revenue of $79.6M (+3% Y/Y). (PR)
Thursday, August 9, 2012, 9:12 AMCogent Communications Group (CCOI) declares $0.10/share quarterly dividend. Forward yield 2.12%. For shareholders of record Aug 22. Payable Sep 12. Ex-div date Aug 20. (PR)
Thursday, August 9, 2012, 7:38 AMCogent Communications (CCOI): Q2 EPS of -$0.04 misses by $0.04. Revenue of $77.8M (+2.9% Y/Y) misses by $0.8M. (PR)
Thursday, May 3, 2012, 9:18 AMCogent Communications Group (CCOI): Q1 EPS of -$0.05 misses by $0.01. Revenue of $76.9M (+4.7% Y/Y) misses by $0.5M. (PR)
Monday, February 27, 2012, 3:27 PM
Cogent Communications (CCOI +4.9%) moves up after Raymond James ups the shares to Outperform, citing the company's compelling free cash flow growth.
Comment![On the Move, Tech]
Wednesday, February 22, 2012, 7:31 AMCogent Communications Group (CCOI): Q4 EPS of $0.12 beats by $0.09. Revenue of $79.1M (+13.8% Y/Y) in-line. (PR)
Friday, January 20, 2012, 11:07 AM
Shares of Cogent Communications (CCOI -15.5%) implode as the firm gets embroiled in the federal indictment that took down Megaupload.com yesterday. The company maintains the servers that were allegedly involved in the illegal file sharing.
Comment![Tech, On the Move]
Friday, September 16, 2011, 2:51 PM
Shares of Internet service provider Cogent Communications (CCOI +9.7%) have taken off in the last hour, reportedly on account of positive remarks made by the company's CEO.
Comment![Tech, On the Move]
Friday, January 28, 2011, 3:20 PM
Verizon's (VZ -1.8%) $1.4B bid for Terremark (TMRK +34.7%) has not only lifted the latter's stock to a 52-week high, but also those of at least two other web/cloud companies that might be the next takeover targets. They are Savvis (SVVS +15.4%) and Rackspace (RAX +6%).