Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Equinix, Inc. Add to portfolio

INX:EQIX, Aug 17, 03:50 UTC

Latest INX:EQIX News

Filter your feed

Apply Filter

Saturday, August 11


News

Equinix Delivers Double-Digit Revenue and AFFO Growth

EQIX

Equinix (NASDAQ: EQIX) reported second-quarter 2018 results after the market close on Wednesday. Here's how the quarter worked out for the data center operator and global interconnection specialist -- which is organized as a real estate investment trust (REIT) -- and its investors. Equinix's revenue result came in at the midpoint of its guidance range of $1.257 billion to $1.267 billion; the company doesn't provide quarterly AFFO guidance. In early April, the company closed on its previously announced acquisition of the Infomart Building in Dallas, which "is one of the largest interconnection hubs in the U.S.," according to the company's press release issued at that time.

Read Full Details

Topics:
  • Business
  • Financial

Friday, August 10


News

Equinix’s Valuation and Analysts’ Ratings

EQIX

The price-to-AFFO (adjusted funds from operations) ratio is considered to be the best multiple for valuing REITs like Equinix (EQIX). The multiple’s implications are similar to the PE ratio.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix Continues to Enhance Shareholders’ Wealth

EQIX

On August 8, Equinix (EQIX) declared a regular quarterly cash dividend of $2.28 per share for the third quarter. The dividend is payable on September 19 to shareholders of record as of August 22. The newly declared dividend is 14% higher than the dividend of $2.00 per share that Equinix paid during the third quarter of 2017.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, August 09


News

What’s Driving Equinix’s Adjusted Earnings and Margin?

EQIX

Equinix’s (EQIX) second-quarter adjusted EBITDA of $604 million rose ~19% on a YoY (year-over-year) basis and surpassed its own guidance range of $579 million–$589 million. Higher revenues and lower integration costs mainly drove the adjusted EBITDA growth. The adjusted EBITDA margin of 47.9% was ahead of the company’s own expectation of 46.3%. However, the EBITDA growth remained flat compared to the second quarter of 2017.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix’s Second-Quarter Results Beat Analysts’ Expectations

EQIX

Equinix (EQIX) reported overwhelming financial results. The company’s top and bottom-line results for the second quarter were ahead of analysts’ estimates and marked a significant YoY (year-over-year) improvement. The key metrics also surpassed the company’s own expectations.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix (EQIX) AFFO Tops Estimates in Q2, Revenues Rise Y/Y

EQIX

Equinix Inc. EQIX posted better-than-expected results for second-quarter 2018, wherein the top and bottom lines surpassed the Zacks Consensus Estimate and improved from the year-ago quarter as well. Revenues from the Americas, EMEA and the Asia Pacific were up 15.9%, 18.6% and 11.5% to $618.3 million, $383.2 million and $260.5 million, respectively. Equinix provided an outlook for the third quarter and revised a few full-year 2018 projections. For 2018, the company now anticipates revenues of $5.037-$5.077 billion (prior guidance was $5.082-$5.122 billion), reflecting an increase of 16% year over year. Coming to the third quarter, Equinix expects revenues in the range of $1.27-$1.28 billion.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, August 08


News

Equinix, Inc. (EQIX) Q2 2018 Earnings Conference Call Transcript

EQIX VZ

In addition, in light of regulation for our disclosure, it is Equinix's policy not to comment on its financial guidance during the quarter unless it is done through an explicit public disclosure. This was a quarter of many new highs, with continued momentum in our key metrics as our go-to-market engine and interconnection strategy continue to drive results. Our Network vertical delivered strong bookings, led by APAC, growth in the wireless sub-segment, and strong sell-through business with our top NSP partners as end customers expand capabilities for digital business. EMEA also saw record bookings in the quarter, led by the strength in our German and Dutch markets, while we saw a sizable pickup in billable cabinets, as large hyperscalers deployed across a number of our core markets, including more significant deployments in our London and Frankfurt campuses. And Asia-Pacific continued to drive strong bookings, including strength in our Singapore and Japan markets, as well as increased outbound bookings to two other regions, largely due to ongoing success with the Chinese and Korean multinationals leveraging our global platform.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix (EQIX) Tops Q2 FFO and Revenue Estimates - August 8, 2018

EQIX

Over the last four quarters, the company has surpassed consensus FFO estimates four times. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions. Ahead of this earnings release, the estimate revisions trend for Equinix was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix: 2Q Earnings Snapshot

EQIX

REDWOOD CITY, Calif. (AP) _ Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Redwood City, California, said it had funds from operations of $428.1 million, or $5.37 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. In the final minutes of trading on Wednesday, shares hit $447.50, a rise of slightly more than 1 percent in the last 12 months.

Read Full Details

Topics:
  • Business
  • Financial
News

Equinix Declares Quarterly Dividend on Its Common Stock

EQIX

REDWOOD CITY, Calif., Aug. 8, 2018 /PRNewswire/ -- Equinix, Inc. (EQIX), the global interconnection and data center company, today announced that its board of directors has declared a quarterly cash dividend of $2.28 per share on its common stock. The quarterly common stock dividend will be paid on September 19, 2018, to shareholders of record on August 22, 2018. Equinix, Inc. (EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission.

Read Full Details

Topics:
  • Business
  • Financial