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Cogent Communications

OverviewSuggest Edit

Cogent Communications is a multinational internet service provider. The Company’s products and services include dedicated Internet access, including on-net and off-net services; IP transit; Ethernet services, including Ethernet point-to-point and virtual private LAN services; and colocation services. It also offers Internet access and data transport, fiber optic, and IP data-only network services.

TypePublic
Founded1999
HQWashington, DC, USMap
Websitecogentco.com
Employee Ratings2.7More
Overall CultureBMore
View Jobs (123)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)978(+6%)
Job Openings123
Revenue (FY, 2020)$568.1 M(+5%)
Share Price (Nov 2021)$77.7
Cybersecurity ratingFMore
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Key People/Management at Cogent Communications

Dave Schaeffer

Dave Schaeffer

Founder and Chief Executive Officer
Sean Wallace

Sean Wallace

Chief Financial Officer
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Cogent Communications Office Locations

Cogent Communications has offices in Washington, Atlanta, Boca Raton, Boston and in 36 other locations
Washington, DC, US (HQ)
2450 N St NW
Atlanta, GA, US
55 Marietta St NW #950
Boca Raton, FL, US
5050 Conference Way N #100
Boston, MA, US
1 Summer St #450
Charlotte, NC, US
701 E Trade St d
Chicago, IL, US
216 W Jackson Blvd #1040
Show all (43)

Cogent Communications Financials and Metrics

Cogent Communications Revenue

Cogent Communications's revenue was reported to be $568.1 m in FY, 2020
USD

Revenue (Q1, 2021)

146.8m

Gross profit (Q1, 2021)

89.7m

Gross profit margin (Q1, 2021), %

61.1%

Net income (Q1, 2021)

18.9m

EBIT (Q1, 2021)

26.3m

Market capitalization (12-Nov-2021)

3.7b

Closing stock price (12-Nov-2021)

77.7

Cash (31-Mar-2021)

238.0m

EV

4.1b
Cogent Communications's current market capitalization is $3.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

348.0m380.0m404.2m446.9m485.2m520.2m546.2m568.1m

Revenue growth, %

9%6%11%9%

Cost of goods sold

209.3m219.5m219.8m219.2m

Gross profit

275.9m300.7m326.4m348.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

75.6m77.4m76.9m77.8m79.7m84.6m85.8m123.0m130.1m134.1m134.8m136.9m140.9m141.0m142.3m146.8m

Cost of goods sold

33.2m33.6m34.3m35.1m36.5m37.3m37.1m47.9m53.6m54.6m54.2m54.4m55.3m55.9m53.9m54.5m57.1m

Gross profit

42.3m43.7m42.6m42.7m43.1m47.2m48.7m69.4m75.5m80.0m80.4m81.7m85.0m87.1m87.8m89.7m

Gross profit Margin, %

56%57%55%55%54%56%57%56%58%60%60%60%60%62%62%61%
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Annual
USDY, 2009Y, 2010FY, 2011Y, 2011FY, 2012Y, 2012Y, 2013FY, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

55.9m56.3m238.2m238.2m247.3m247.3m304.9m304.9m287.8m287.8m203.6m203.6m274.3m247.0m276.1m399.4m371.3m

Accounts Receivable

25.0m24.0m30.6m33.1m30.7m191.4k39.1m41.7m40.5m44.2m

Prepaid Expenses

10.1m10.0m18.8m18.8m17.0m32.5m35.8m40.9m

Inventories

18.8m18.8m17.0m19.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

227.2m224.1m232.3m237.2m232.1m235.0m237.3m304.8m263.7m349.8m311.8m260.1m224.5m207.3m196.1m155.0m148.2m263.2m256.5m250.8m236.0m224.3m284.6m259.1m409.3m396.3m375.1m417.0m393.3m238.0m

Accounts Receivable

26.4m24.8m24.9m25.7m28.0m26.8m27.2m39.1m41.0m39.3m40.7m41.3m43.0m40.6m42.1m41.2m

Prepaid Expenses

11.1m9.9m12.3m11.9m11.0m12.4m14.4m20.4m33.0m35.5m36.0m36.8m38.5m39.5m40.0m37.1m

Current Assets

264.7m258.7m269.5m274.7m271.1m274.2m278.9m346.3m320.7m405.8m364.3m312.0m276.5m260.0m247.4m208.0m202.3m317.8m313.2m310.3m307.5m296.7m358.5m333.9m486.0m474.4m456.6m497.1m475.4m316.3m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

7.5m(4.3m)56.7m797.0k4.9m14.9m5.9m28.7m37.5m6.2m

Depreciation and Amortization

59.9m62.5m64.4m69.5m70.5m75.9m81.2m

Inventories

(3.6m)(2.3m)19.7m

Accounts Payable

11.6m(2.6m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

1.8m2.1m(2.1m)(3.9m)(4.0m)361.0k2.0m2.1m125.0k1.2m(184.0k)(1.6m)(744.0k)2.4m3.4m7.6m11.0m4.1m8.5m12.1m6.8m13.3m21.6m9.2m16.4m30.1m9.2m17.8m12.8m18.9m

Depreciation and Amortization

29.5m44.7m15.2m30.7m46.4m15.9m31.8m16.0m17.2m17.3m17.4m17.5m34.9m52.5m17.8m36.4m55.2m18.5m37.4m56.6m19.8m40.0m60.3m40.2m19.5m39.4m61.0m22.0m

Accounts Payable

17.0m16.3m16.8m15.5m15.4m19.0m16.3m13.0m12.3m

Cash From Operating Activities

32.6m48.5m12.7m32.2m47.6m15.0m37.7m38.4m61.8m27.6m51.3m74.1m51.6m80.3m30.2m61.5m93.2m28.6m69.3m102.7m28.5m69.8m102.7m47.1m
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Show all financial metrics

Cogent Communications Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Buildings Connected

2.12 k2.16 k2.19 k2.22 k2.25 k2.27 k2.3 k2.33 k2.37 k2.41 k2.44 k

Data Centers

4949505151515151525353

Fiber Miles

27.2 k28.1 k29.5 k

Markets

190190190
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Cogent Communications Revenue Breakdown

Embed Graph

Cogent Communications revenue breakdown by geographic segment: 82.9% from North America and 17.1% from Europe

Cogent Communications Cybersecurity Score

Cybersecurity ratingPremium dataset

F

39/100

Learn more about our premium products
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Cogent Communications Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Cogent Communications Online and Social Media Presence

Cogent Communications's Trends

Embed Graph

Cogent Communications Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    B

    72/100

  • Compensation

    C+

    69/100

  • Diversity

    F

    42/100

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Cogent Communications News and Updates

November 04, 2021

Cogent Communications Reports Third Quarter Results and Increases its Regular Quarterly Dividend on its Common Stock by $0.025

WASHINGTON, Nov. 4, 2021 /PRNewswire/ -- Financial and Business Highlights Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.830 per share for Q4 2021 as compared to $0.805 per share for Q3 2021 – Cogent's thirty-seventh consecutive...
November 01, 2021

Cogent Communications Selects DRFortress to Deliver Internet Service in Hawaii

HONOLULU, Nov. 1, 2021 /PRNewswire/ -- DRFortress, the largest and only carrier-neutral data center and cloud marketplace operating in Hawaii, announces Cogent Communications, one of the world's largest Tier 1 optical IP network operators, now offers internet service at the DRFortress...
August 05, 2021

Cogent Communications Reports Second Quarter Results and Increases its Regular Quarterly Dividend on its Common Stock by $0.025

WASHINGTON, Aug. 5, 2021 /PRNewswire/ -- Financial and Business Highlights Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.805 per share for Q3 2021 as compared to $0.780 per share for Q2 2021 – Cogent's thirty-sixth consecutive...
April 07, 2021

Cogent Communications to Host First Quarter 2021 Earnings Call on April 29th 2021

WASHINGTON, April 7, 2021 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on April 29, 2021 to present Cogent's operating results for the first quarter of 2021 and answer questions. Cogent will issue a press...
March 23, 2021

Cogent Communications Stock: A Smart Buy?

Down 15% from its low in March 2020, at the current price of $64 per share, we believe Cogent Communications stock has strong upside potential. Cogent stock has dropped from $76 in March 2020 to $64 currently, while the S&P increased by almost 80% from its lows. Further, the stock is down around…
February 25, 2021

Cogent Communications Reports Fourth Quarter and Full Year 2020 Results and Increases its Regular Quarterly Dividend on its Common Stock by $0.025

WASHINGTON, Feb. 25, 2021 /PRNewswire/ -- Financial and Business Highlights Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.755 per share for Q1 2021 as compared to $0.730 per share for Q4 2020 – Cogent's thirty-fourth consecutive...
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Cogent Communications Blogs

October 13, 2021

Cogent Communications to Host Third Quarter 2021 Earnings Call on November 4th 2021

WASHINGTON, D.C. October 13, 2021 – Cogent Communications Holdings, Inc. (“Cogent”) (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on November 4, 2021 to present Cogent’s operating results for the third quarter of 2021 and answer questions. Cogent will issue a press release announcing …
September 23, 2021

Cogent Communications CEO and CFO to Participate an Upcoming Conference

WASHINGTON, D.C. September 23, 2021 – Cogent Communications Holdings, Inc.(“Cogent”) (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent’s Chief Executive Officer, and Sean Wallace, Cogent’s Chief Financial Officer, will participate…
July 14, 2021

Cogent Communications to Host Second Quarter 2021 Earnings Call on August 5th 2021

WASHINGTON, D.C. July 14, 2021 – Cogent Communications Holdings, Inc. (“Cogent”) (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on August 5, 2021 to present Cogent’s operating results for the second quarter of 2021 and answer questions. Cogent will issue a press release announcing the …
June 08, 2021

Cogent Communications CEO and CFO to Participate in an Upcoming Conference

WASHINGTON, D.C. June 8, 2021 – Cogent Communications Holdings, Inc.(“Cogent”) (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent’s Chief Executive Officer, and Sean Wallace, Cogent’s Chief Financial Officer, will participate in th…
May 19, 2021

Cogent Communications CEO and CFO to Participate in Three Upcoming Conferences

WASHINGTON, D.C. May 19, 2021 – Cogent Communications Holdings, Inc.(“Cogent”) (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent’s Chief Executive Officer, and Sean Wallace, Cogent’s Chief Financial Officer, will participate in th…
April 29, 2021

Cogent Communications Launches Notes Offering

WASHINGTON, D.C. April 29, 2021 — Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (the Company”) today announced that Cogent Communications Group, Inc. (“Cogent”), a wholly owned subsidiary of the Company, intends to commence an offering of $500.0 million aggregate principal amount of senior sec…
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 Cogent Communications Frequently Asked Questions

  • When was Cogent Communications founded?

    Cogent Communications was founded in 1999.

  • Who are Cogent Communications key executives?

    Cogent Communications's key executives are Dave Schaeffer and Sean Wallace.

  • How many employees does Cogent Communications have?

    Cogent Communications has 978 employees.

  • What is Cogent Communications revenue?

    Latest Cogent Communications annual revenue is $568.1 m.

  • What is Cogent Communications revenue per employee?

    Latest Cogent Communications revenue per employee is $580.9 k.

  • Who are Cogent Communications competitors?

    Competitors of Cogent Communications include Boingo Wireless, EarthLink and XO Communications.

  • Where is Cogent Communications headquarters?

    Cogent Communications headquarters is located at 2450 N St NW, Washington.

  • Where are Cogent Communications offices?

    Cogent Communications has offices in Washington, Atlanta, Boca Raton, Boston and in 36 other locations.

  • How many offices does Cogent Communications have?

    Cogent Communications has 43 offices.