Key Developments For Cogent Communications Group, Inc.
Cogent Communications Group, Inc. (CCOI.O) (Nasdaq)
Cogent Communications Group, Inc. Appoints R. Reed Harrison III As President-Form 8-K
Cogent Communications Group, Inc. reported in its Form 8-K that R. Reed Harrison III, President and Chief Operating Officer, will leave Cogent on October 23, 2009, to pursue other professional interests.
Cogent Communications Group, Inc. Reiterates FY 2009 Outlook
Cogent Communications Group, Inc. reiterated its fiscal 2009 outlook and expects service revenue to be more than $250.0 million, adjusted EBITDA to be between $75.0-$80.0 million and net (loss) per basic and diluted common share to be between $(0.15)-$(0.20).
Cogent Communications Group, Inc. Reiterates FY 2009 Outlook
Cogent Communications Group, Inc. reiterated its fiscal 2009 outlook and expects net service revenue to be more than $250.0 million, EBITDA to be between $75.0-$80.0 million and net (loss) per basic and diluted common share to be between $(0.15)-$(0.20).
Cogent Communications Group, Inc. Issues Q4 2008 Outlook; Lowers FY 2008 Outlook; Issues FY 2009 Outlook
Cogent Communications Group, Inc. announced that for fourth quarter of 2008, it expects net service revenue to be over $55.0 million, EBITDA to be over $14.5 million and net income per basic and diluted common share (EPS) to be over $0.90. The Company's outlook includes an estimated gain of $46.9 million from its October 2008 purchases of $86.0 million of face value of its convertible notes for $37.8 million in cash. The outlook also includes the estimated impact of its share repurchase program and assumes approximately 42.0 million fully diluted and basic weighted average common shares outstanding. It updated fiscal 2008 outlook and expects net service revenue to be more than $215.0 million from its previously issued outlook of more than $218.0 million, EBITDA to be more than $60.0 million from its previously issued outlook of more than $65.0 million and EPS to be between $0.55-$0.60. Cogent previously estimated a net (loss) per basic and diluted common share for fiscal 2008 of between $(0.50) and $(0.60). Cogent's 2008 EPS outlook includes the impact of an estimated $56.6 million of gains of from its purchases of $106.0 million of face value of its convertible notes for $47.7 million in cash. For fiscal 2009, it expects net service revenue to be more than $250.0 million, EBITDA to be between $75.0-$80.0 million and EPS to be between $(0.15)-$(0.20).
Cogent Communications Group, Inc. Reaffirms FY 2008 Revenue Guidance; Issues FY 2008 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Cogent Communications Group, Inc. announced that for fiscal 2008, it guided its revenue to be greater than $218 million. From that revenue, the Company expects to derive over $65 million of EBITDA. According to Reuters Estimates, analysts were expecting the Company to report revenues of $218 million and EBITDA of $65 million for the same period.
