NASDAQ$CCOI
Cogent Communications Holdings Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Cogent reported an increase in service revenue and GAAP gross profit compared to the same quarter last year.
Cogent Communications announced its Q4 2020 results, revealing a service revenue of $143.9 million, a 2.6% increase year-over-year. The company's GAAP gross profit reached $66.6 million, reflecting a 3.6% increase from the previous year. The Board also approved a quarterly dividend increase.
- Service revenue increased by 2.6% year-over-year, reaching $143.9 million.
- On-net revenue increased by 4.3% year-over-year, totaling $107.1 million.
- GAAP gross profit increased by 3.6% year-over-year, reaching $66.6 million.
- The Board approved a regular quarterly dividend of $0.755 per common share.
Headline financials
Revenue & EPS history
Cogent · Revenue · Quarterly
$144M
Revenue by segment
Cogent · $144M total across 2 segments · Q4 2020
- On-Net$107M+4.3%74.5%
- Off-Net$36.7M-2.1%25.5%
Forward guidance
Cogent expects to continue to be impacted by the COVID-19 pandemic and the accompanying responses by governments around the world. Cogent’s workforce continues to work remotely with dedication. The ongoing impact of the COVID-19 pandemic and related government restrictions on Cogent’s business is unknown as a significant amount of uncertainty and volatility remains.
Headwinds
- Cogent may experience slowdowns in new customer orders.
- Cogent may find it difficult to collect from customers who are experiencing financial distress.
- Cogent may undergo an increase in customer churn.
- Cogent may encounter difficulties accessing the buildings and locations where Cogent installs new services and serves existing customers.
- Cogent may have difficulties procuring, shipping or installing necessary equipment on its network.
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 2020
-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
| Quarter | Report date | Reaction (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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