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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:52 EDTEQIXEquinix shares should be bought on any weakness, says Oppenheimer
Oppenheimer expects Equinix to highlight positive trends at its Analyst Day today, but the firm doesn't expect the company to offer much news on its REIT conversion process. Consequently, the firm thinks the stock could be pressured, but it expects positive news from the IRS soon and believes that Equinix's fundamentals are improving. The firm keeps an Outperform rating on the shares.
News For EQIX From The Last 14 Days
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October 29, 2014
16:37 EDTEQIXEquinix raises FY14 revenue guidance to $2.43B-$2.44B, consensus $2.43B
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16:34 EDTEQIXEquinix sees Q4 revenue $627M-$631M, consensus $642.02M
For Q4, the company expects revenues to range between $627M-$631M, which includes a negative foreign currency impact of approximately $11M compared to the rates used from the company's prior guidance. Cash gross margins are expected to approximate 68%-69%. Cash selling, general and administrative expenses are expected to approximate $139M. Adjusted EBITDA is expected to range between $291M-$295M, which includes $6M in professional fees and costs primarily related to the REIT conversion and a negative foreign currency impact of approximately $5M compared to the rates used from the company's prior guidance. Capital expenditures are expected to range between $210M-$230M, comprised of approximately $35M of recurring capital expenditures and $175M-$195M of expansion capital expenditures.
16:31 EDTEQIXEquinix reports Q3 adjusted EPS 79c, consensus 89c
Reports Q3 revenue $620.4M, consensus $615.85M.
October 24, 2014
10:03 EDTEQIXOn The Fly: Analyst Downgrade Summary
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08:22 EDTEQIXEquinix downgraded to Market Perform at Cowen
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06:07 EDTEQIXEquinix downgraded to Market Perform from Outperform at Cowen
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October 20, 2014
08:10 EDTEQIXHurricane Electric extends global IPv4 and IPv6 network in Asia and Europe
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October 16, 2014
16:22 EDTEQIXEquinix declares special $416M distribution due to planned REIT conversion
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