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Stock Market & Financial Investment News

News Breaks
June 26, 2014
09:07 EDTEQIXEquinix AFFO guidance misinterpreted, says Stephens
Stephens attributes Equinix weakness after yesterday's closing bell to the company's FY14 AFFO guidance of $11.90 given at its investor day meeting. Stephens said that no true AFFO consensus exists as Equinix isn't a REIT yet, but the firm believes "a few analysts" expected a number above $12. The firm notes that the guidance includes costs associated with the REIT transition and Stephens calculates the "true" AFFO run rate ex-charges to be near $13. The firm reiterates its Overweight rating and $222 price target on Equinix.
News For EQIX From The Last 14 Days
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May 29, 2015
08:59 EDTEQIXEquinix reaches agreement to acquire TelecityGroup
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06:45 EDTEQIXInterXion issues statement confirming termination of agreement with Telecity
Interxion (INXN) issued the following statement in response to the announcement today by TelecityGroup and Equinix (EQIX) regarding the takeover offer made by Equinix for TelecityGroup. On 9 March 2015, Interxion and TelecityGroup announced that they entered into an agreement to implement an all-share merger. As a result of the announcement of the Equinix offer for TelecityGroup, Interxion and TelecityGroup have today terminated the Implementation Agreement. Interxion CEO David Ruberg commented, “Supported by strong customer orders and installations, Interxion delivered revenue and adjusted EBITDA growth of 15% and 18%, respectively, in the first quarter of 2015. We continue to execute our communities of interest strategy with a disciplined investment approach focused on delivering strong returns. Our data centres are among the most highly connected in 11 countries across Europe with regards to carriers, ISPs, and major cloud platforms.”
May 26, 2015
09:03 EDTEQIXInterXion upgraded on M&A potential, valuation at Stifel
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05:23 EDTEQIXEquinix to invest over $40M to expand in Hong Kong
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May 21, 2015
09:58 EDTEQIXOn The Fly: Analyst Downgrade Summary
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09:49 EDTEQIXEquinix downgraded to Hold from Buy at Gabelli (pre--open)
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06:29 EDTEQIXEquinix downgraded to Hold from Buy at Stifel
Stifel downgraded Equinix to Hold based on valuation and lack of catalysts.
May 20, 2015
08:04 EDTEQIXEquinix receives favorable REIT private letter ruling from IRS
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