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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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July 29, 2015
16:15 EDTEQIXEquinix sees 2015 revenue $2.685B-$2.695B, consensus $2.66B
16:15 EDTEQIXEquinix sees Q3 revenue $681M-$685M, consensus $671.6M
16:14 EDTEQIXEquinix reports Q2 AFFO $3.89, consensus $3.41
Reports Q2 revenue $665.6M, consensus $657.64M.
July 28, 2015
07:23 EDTEQIXEquinix price target raised to $310 from $270 at RBC Capital
RBC Capital increased its price target on Equinix citing what it sees as strong results by other companies in its sector, the stabilization of forex trends in recent months., and potential savings from the company's TeleCity deal. RBC keeps an Outperform rating on Equinix.
July 20, 2015
09:19 EDTEQIXBofA/Merrill data center analyst holds an analyst/industry conference call
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