Financial and Business Highlights
Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.780 per share for Q2 2021 as compared to $0.755 per share for Q1 2021 – Cogent s thirty-fifth consecutive quarterly dividend increase.
The Q2 2021 $0.780 dividend per share represents an annual increase of 14.7% from the dividend per share of $0.680 for Q2 2020.
Service revenue increased by 2.0% from Q4 2020 to Q1 2021 and increased from Q1 2020 to Q1 2021 by 4.2%.
GAAP gross profit increased by 3.4% from Q1 2020 to $67.7 million for Q1 2021. Non-GAAP gross profit increased by 7.6% from Q1 2020 to $91.8 million for Q1 2021.
GAAP gross margin decreased by 40 basis points from Q1 2020 to Q1 2021 to 46.1%. Non-GAAP gross margin increased by 200 basis points from Q1 2020 to Q1 2021 to 62.5%.
Cogent Communications Reports First Quarter Results and Increases its Regular Quarterly Dividend on its Common Stock by $0 025
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
NewsNow: Minnesota Business news | Breaking News 24/7
newsnow.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnow.co.uk Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
MINNEAPOLIS, April 14, 2021 /PRNewswire/ Legacy Investing, an investment and commercial real estate investment firm focused on technology-based properties, announced today the close of a data center lease with Cogent Communications in their newly expanded [email protected] data center at 1001 Third Avenue South in downtown Minneapolis, MN. 1001 Third Avenue South, Courtesy of Legacy Investing When we identified this property in the heart of Minneapolis, we knew it would be ideal for data center tenants who seek the benefits of operating in an edge facility, said Legacy Investing president and founder Daniel English. As the only purpose-built data center in downtown, it s a great example of our strategy to provide mission critical real estate for data center operators and tenants across the country.
Cogent Communications signs lease for T5@Minneapolis data center - Minneapolis / St Paul Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.