Cogent Communications Reports Third Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock
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Cogent Communications reported its Q3 2024 results, showing a slight decrease in service revenue compared to Q2 2024, but a significant increase in wavelength revenue. The company also announced an increase in its regular quarterly dividend.
November 07, 2024 | 12:15 pm
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Cogent Communications reported a slight decrease in service revenue for Q3 2024 compared to Q2 2024, but a significant increase in wavelength revenue. The company also increased its regular quarterly dividend.
The increase in wavelength revenue by 45.8% is a positive indicator of growth in a specific segment, which could attract investor interest. Additionally, the increase in the regular quarterly dividend is likely to be viewed favorably by income-focused investors, potentially boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100