Key Developments: Cogent Communications Group Inc (CCOI.O)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
Cogent Communications Group Inc Approves Quarterly Dividend
Cogent Communications Group Inc approves payment of a quarterly dividend of $0.13 per common share to be paid on June 18, 2013 to shareholders of record on May 31, 2013 Full Article
Cogent Communications Group Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Cogent Communications Group Inc announced that for fiscal 2013, it expects revenue growth over 2012 to be within the 10% to 20% range. The Company reported revenue of $316.97 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $355 million for fiscal 2013. Full Article
Cogent Communications Group Inc Declares Dividend
Cogent Communications Group Inc announced that payment of a quarterly dividend of $0.12 per common share to be paid on March 15, 2013 to shareholders of record on March 4, 2013. The first quarter 2013 dividend represents an increase of 10% from the fourth quarter 2012 dividend of $0.11 per share that was paid on December 12, 2012. Full Article
Cogent Communications Group Inc Issues FY 2012 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance-Conference Call
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. Full Article
Cogent Communications Group Inc Declares Quarterly Dividend
Cogent Communications Group Inc announced that quarterly dividend of $0.11 per common share to be paid on December 12, 2012 to shareholders of record on November 21, 2012 . Full Article
Cogent Communications Group Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Cogent Communications Group Inc reaffirmed fiscal 2013 revenue guidance of 10% to 20%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $358 million for fiscal 2013. Full Article
Cogent Communications Group Inc Declares Quarterly Dividend
Cogent Communications Group Inc announced that the board approved a payment of a dividend of $0.10 per common share payable on September 12, 2012 to shareholders of record on August 22, 2012. Full Article
Cogent Communications Group, Inc. Reaffirms FY 2013 Revenue Guidance-Conference Call
Cogent Communications Group, Inc. announced that it continues to anticipate revenue growth for fiscal 2013 over fiscal 2012, to be within the 10% to 20% range. Full Article
Cogent Communications Group, Inc. Issues FY 2012 Revenue Guidance; Comments On FY 2013 Revenue Guidance-Conference Call
Cogent Communications Group, Inc. announced that it expect its revenue growth for fiscal 2012 versus fiscal 2011 to be slightly below its revenue growth target of 10% to 20% due to the loss and foreign exchange. The Company do anticipate that its full-year revenue growth in fiscal 2013 over fiscal 2012 will return to its long-term range of 10% to 20%. The Company reported revenue of $305.50 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $342.64 million for fiscal 2012 and revenue of $381.41 million for fiscal 2013. Full Article
The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Cogent Communications Group, Inc.
Cogent Communications Group, Inc.
Levi & Korsinsky, LLP announced that it is investigating Cogent Communications Group, Inc., and its Board of Directors, in connection with the Company's 2010 compensation packages for the Cogent Communications CEO and other executives. On April 27, 2011, 61% of Cogent Communications shareholders voted “no” on the Company’s say on pay provision. The investigation concerns whether certain senior officers and executives of Cogent Communications were awarded excessive salaries, bonuses, and/or other forms of compensation. The Company’s CEO earned a total compensation in 2010 of $3.99 million, including a time-vested stock award worth approximately $3.7 million. However, Cogent Communications reported a net income of only $0.67 million for that year, and reported a quarterly loss of $0.28 million for the first quarter of 2011. At the same time, long term investors in the Company's stock have watched the price of their shares decline. Full Article
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