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Cogent Communications Group Inc. Cogent (CCOI) filed Quarterly Report for the period ended 2011-09-30.
Cogent Communications Group Inc. has a market cap of $724.1 million; its shares were traded at around $15.72 with a P/E ratio of 174.6 and P/S ratio of 2.8.
This is the annual revenues and earnings per share of CCOI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CCOI.
Highlight of Business Operations:
September 30, 2011 of approximately $1.7 million. All foreign currency comparisons herein reflect our third quarter 2011 results translated at the average foreign currency exchange rates for the third quarter of 2010. For the three months ended September 30, 2010 and 2011, on-net, off-net and non-core revenues represented 77.1%, 21.7% and 1.2% and 75.9%, 23.2% and 0.9% of our service revenue, respectively.Revenues from our corporate and net-centric customers represented 50.1% and 49.9% of total service revenue, respectively, for the three months ended September 30, 2010 and represented 48.5% and 51.5% of total service revenue, respectively, for the three months ended September 30, 2011. Revenues from corporate customers increased 12.2% from $33.5 million for the three months ended September 30, 2010 to $37.6 million for the three months ended September 30, 2011. Revenues from our net-centric customers increased 19.5% from $33.3 million for the three months ended September 30, 2010 to $39.8 million for the three months ended September 30, 2011.
Selling, General, and Administrative (“SG&A”) Expenses. Our SG&A expenses, excluding equity-based compensation expense, increased 7.8% from $16.0 million for the three months ended September 30, 2010 to $17.2 million for the three months ended September 30, 2011. SG&A expenses increased primarily from the increase in salaries and related costs required to support our expanding sales and marketing efforts. The impact of exchange rates resulted in an increase in our SG&A expenses for the three months ended September 30, 2011 of approximately $0.4 million.
Service Revenue. Our service revenue increased 16.7% from $194.0 million for the nine months ended September 30, 2010 to $226.4 million for the nine months ended September 30, 2011. The impact of exchange rates resulted in an increase of revenues for the nine months ended September 30, 2011 of approximately $4.1 million. All foreign currency comparisons herein reflect our results for the nine months ended September 30, 2011 translated at the average foreign currency exchange rates for the nine months ended September 30, 2010. For the nine months ended September 30, 2010 and 2011, on-net, off-net and non-core revenues represented 78.1%, 20.7% and 1.2% and 76.6%, 22.4% and 1.0% of our service revenue, respectively.
Revenues from our corporate and net-centric customers represented 49.0% and 51.0% of total service revenue, respectively, for the nine months ended September 30, 2010 and represented 48.8% and 51.2% of total service revenue, respectively, for the nine months ended September 30, 2011. Revenues from corporate customers increased 16.4% from $95.0 million for the nine months ended September 30, 2010 to $110.6 million for the nine months ended September 30, 2011. Revenues from our net-centric customers increased 17.1% from $98.9 million for the nine months ended September 30, 2010 to $115.8 million for the nine months ended September 30, 2011.
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