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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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March 27, 2015
10:03 EDTEQIXOn The Fly: Analyst Initiation Summary
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07:07 EDTEQIXEquinix initiated with a Neutral at Goldman
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March 18, 2015
05:15 EDTEQIXEquinix selects Singapore as strategic location for Asia-Pacific data center
Equinix announced the grand opening of its third International Business Exchange, or IBX, data center, known as SG3, in Singapore. The company's flagship data center is the largest in Asia-Pacific and demonstrates Equinix's ongoing commitment to the growing market demand for premium data center services from financial and cloud companies in the region. Equinix additionally announced that Orange Carriers Singapore, a 100 percent subsidiary of Orange Group, global communications solutions provider, and Datapipe, a global leader in managed hybrid IT solutions for the enterprise, have chosen to deploy in SG3 as part of their global expansion.
March 15, 2015
19:33 EDTEQIXWalgreens Boots Alliance to replace Equinix in NASDAQ-100 Index as of 3/23
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