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News Breaks
February 24, 2014
09:18 EDTCCOICogent price target raised to $46 from $39 at Stephens
Stephens said that Cogent Communications reported weaker than expected Q4 results but the company's cash flow continued to build. The firm expects another significant dividend increase from the company is near and raised its price target on the shares to $46.
News For CCOI From The Last 14 Days
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February 26, 2015
15:55 EDTCCOICogent announces support for FCC open Internet Title II regulation
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13:00 EDTCCOIFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTCCOIFCC Chair says open Internet proposals not a plan to control the Internet
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10:00 EDTCCOIOn The Fly: Analyst Downgrade SummaryStarz
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07:50 EDTCCOICogent downgraded to Equal Weight at Stephens
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07:26 EDTCCOICogent downgraded to Equal Weight from Overweight at Stephens
February 25, 2015
07:10 EDTCCOICogent increases dividend 3.2% to 32c
Cogent's board approved a dividend of 32c per common share payable on March 26 to shareholders of record on March 11. The Q1 regular dividend of 32c per share represents an increase of 3.2% from the 4Q14 regular dividend of 31c per share.
07:09 EDTCCOICogent reports Q4 EPS (1c), consensus 4c
Reports Q4 revenue $96.75M, consensus $97.70M.

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