NASDAQ$CCOI

Cogent Communications Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Cogent reported an increase in service revenue and GAAP gross profit.

Cogent Communications announced its Q4 2019 results, with service revenue reaching $140.3 million, a 6.2% increase year-over-year. GAAP gross profit increased by 16.0% to $64.3 million. The Board approved a regular quarterly dividend of $0.66 per common share.

  • Service revenue increased by 6.2% year-over-year, reaching $140.3 million.
  • On-net revenue increased by 7.7% year-over-year, totaling $102.7 million.
  • GAAP gross profit increased by 16.0% year-over-year, amounting to $64.3 million.
  • The Board approved a quarterly dividend increase of 3.1% to $0.66 per share.

Headline financials

Total Revenue

$140M

Previous: $132M+6.2%
EPS (adj)

$0.16

Previous: $0.16+0.0%
Capital Expenditures

$9.9M

Previous: $10.9M-9.5%
Free Cash Flow

$36.2M

Previous: $29.8M+21.5%
Net Income

$0.00

Previous: $7.1M-100.0%
Operating Income

$0.00

Previous: $22.3M-100.0%
Gross Profit

$84.3M

Previous: $76.4M+10.4%
Cash & Equivalents

$399M

Previous: $276M+44.7%
Total Assets

$932M

Previous: $740M+26.0%

Revenue & EPS history

Cogent · Revenue · Quarterly

$140M

Q4 2019+6.2%vs Q4 2018
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Cogent · $140M total across 2 segments · Q4 2019

  • On-Net
    $103M
  • Off-Net
    $37.5M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-2.6%

Avg return

Earnings day

-3.8%

Avg return

5 days after

-5.1%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+19.3%

Q2 2023

Best reaction

-34.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-29.4%-28.1%-29.3%
Q4 2025-29.4%-29.7%-31.4%
Q3 2025-34.8%-46.2%-48.8%
Q1 2025-7.3%-3.6%-10.1%
Q4 2024-9.5%-11.0%-23.1%
Q3 2024-1.1%-6.7%-7.7%
Q2 2024+5.9%+6.7%+8.4%
Q1 2024-6.0%-7.7%-13.1%
Q4 2023-2.7%-9.6%-19.1%
Q3 2023-0.8%+2.2%+5.4%
Q2 2023+19.3%+22.3%+15.6%
Q1 2023-9.1%-12.0%-14.3%
Q4 2022-4.4%-1.4%-9.1%
Q3 2022+2.2%+3.0%+9.1%
Q2 2022-8.1%-8.7%-16.7%
Q1 2022-2.4%+3.5%-0.3%
Q4 2021+5.6%+3.4%+1.9%
Q3 2021-2.0%-0.8%-3.5%
Q2 2021+4.6%+2.7%+0.3%
Q1 2021+5.3%+10.2%+9.5%
Q4 2020-3.8%+1.2%+8.4%
Q3 2020-5.6%+2.8%+1.7%
Q2 2020-13.1%-21.1%-22.3%
Q1 2020-7.5%-11.2%-8.5%
Q4 2019-2.6%+8.4%+4.7%
Q3 2019+8.5%+12.9%+7.3%
Q2 2019-8.8%-7.7%-3.1%
Q1 2019+2.3%+2.6%+6.0%
Q4 2018+1.6%-3.2%+3.9%
Q3 2018-3.8%-1.6%-6.7%
Q2 2018-3.8%-4.5%+4.3%
Q1 2018-0.9%+1.1%+4.6%
Q4 2017-1.9%-3.2%-7.3%
Q3 2017-20.4%-14.0%-12.5%
Q2 2017+8.0%+6.4%+15.0%
Q1 2017-7.7%-4.1%-5.1%
Q4 2016+0.2%-2.4%-0.1%
Q3 2016+9.5%+14.4%+2.8%
Q2 2016-13.8%-14.2%-15.4%
Q1 2016+0.7%
Q4 2015+7.0%
Q3 2015+12.2%
Q2 2015-7.4%
Q1 2015-7.8%
Q4 2014-6.5%
Q3 2014+1.4%
Q2 2014-3.7%
Q1 2014-0.5%
Q4 2013-5.7%
Q3 2013+5.1%
Q2 2013+11.4%
Q1 2013+1.8%
Q4 2012+1.6%
Q3 2012-4.9%
Q2 2012+1.8%
Q1 2012-3.6%
Q4 2011+6.6%
Q3 2011+5.2%
Q2 2010-8.7%
Q2 2011-8.7%
Q1 2011+2.2%
Q4 2010-3.3%
Q3 2010+1.8%
Q1 2010+1.5%

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