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Cogent Communications Group Inc Issues FY 2012 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance-Conference Call


Tuesday, 13 Nov 2012 09:00am EST 

Cogent Communications Group Inc announced that for fiscal 2012, it expect revenue growth compared to fiscal 2011 to be below the Company's annualized revenue growth targets of 10% to 20% due to the impact of the loss of Megaupload at the beginning of the year and the negative impact of foreign exchange. The Company continue to anticipate revenue growth for fiscal 2013 compared to fiscal 2012 to be within the Company's 10% to 20% range. The Company reported revenues of $305.5 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $316.6 million for fiscal 2012 and revenue of $354.0 million for fiscal 2013. 

Company Quote

33.62
0.52 +1.57%
4:00pm EDT