Cogent Communications Holdings, Inc.

  • Overview

Cogent Communications offers a compelling sales pitch: data at the speed of light. The company operates a fiber-optic data network that serves customers in North America, Mexico, and Europe. It offers dedicated Internet access and data transport services to businesses through Ethernet connections that link its 41 data center facilities directly to customer office buildings. Cogent's clients include financial services companies, universities, and law firms. The company also sells access to its network and provides colocation and modem management services to ISPs, hosting companies, and other high-volume bandwidth users.

The company generates most of its revenues from customers connected directly to its network (on-net customers), while clients served through other carriers' facilities (off-net customers) account for a smaller percentage of Cogent's revenues. Customers in Europe account for more than 20% of sales.

Cogent does business in 155 metropolitan markets, primarily serving multitenant office buildings. The company has said that it is focusing on expanding its on-net customers, and it has expanded its sales force to address a broader range of clients. Cogent is also investing in its network infrastructure to reach more clients. It established connections with about 100 additional building networks in 2010, bringing the total to more than 1,500.

Cogent has a history of fiscal losses. Its operating expenses have outpaced its revenues as the company has bought and built its way to a larger network footprint and customer base. While steadily driving up sales every year since 2005, the company has continued to lose money as it pours capital into extending its reach.

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Cogent Communications Holdings, Inc.


1015 31st St. Nw
Washington, DC 20007
Phone: (202) 295-4200
Fax: (202) 295-9061
www.cogentco.com

STATS


  • Employer Type: Public
  • Stock Symbol: CCOI,
  • Stock Exchange: , NASDAQ
  • Chairman, President, and CEO: David Schaeffer
  • Chairman, President, and CEO: David Schaeffer
  • CFO and Treasurer: Thaddeus Weed

Major Office Locations

  • Washington, DC

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