Cogent Communications Holdings Inc (NAS:CCOI)

$ 81.58 0.15 (0.18%) Market Cap: 4.00 Bil Enterprise Value: 5.84 Bil PE Ratio: 89.65 PB Ratio: 9.62 GF Score: 90/100

Q2 2019 Cogent Communications Holdings Inc Earnings Call Transcript

Aug 08, 2019 / 12:30PM GMT

Release Date Price: $56.7 (-8.37%)

Transcript 10-Q8-K

Operator

Good morning, and welcome to the Cogent Communications Holdings, Inc. Second Quarter 2019 Earnings Conference Call. As a reminder, this conference call is being recorded and will be available for replay at www.cogentco.com.

I would now like to turn the call over to Mr. Dave Schaeffer, Chairman and Chief Executive Officer of Cogent Communications Holding. Sir, you may begin.

David Schaeffer

Cogent Communications Holdings, Inc. - Founder, Chairman, CEO & President

Thank you and Good morning to everyone. Welcome to our second quarter 2019 earnings call. I'm Dave Schaeffer, Cogent's Chief Executive Officer, and with me on this morning's call is Tad Weed, our Chief Financial Officer.

Now for some highlights from our second quarter 2019, we continue to be optimistic about the underlying strength of our business and the outlook for the remainder of 2019 and beyond. Our gross margin for the quarter increased by 170 basis points from the second quarter of 2018 to 59.8%. Our cash

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