REDWOOD CITY, Calif., Oct. 30, 2024 /PRNewswire/ -- Quarterly revenues increased 7% on both an as-reported and normalized and constant currency basis over the same quarter last year to $2.2 billion Robust pricing, strong deal conversion rates and meaningful billable cabinet improvement translated into strong performance against expectations Accelerated pursuit of growing artificial intelligence (AI) demand in the U.S. with the signing of a greater than $15 billion joint venture, expected to nearly triple th ...

Equinix, Inc. (EQIX) is scheduled to report third-quarter 2024 results on Oct. 30 after market close. The company's quarterly results are likely to reflect year-over-year growth in revenues and adjusted funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the previous quarter, this Redwood City, CA-based data center real estate investment trust (REIT) reported a surprise of 4.5% in terms of AFFO per share. Its quarterly results reflected steady ...

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Core Insights - The Federal Reserve announced a 50 basis point cut in interest rates on September 18, marking the first cut in over three years, aimed at addressing a slowing economy and a soft labor market, with no further meetings anticipated until November [1] Group 1 - The interest rate cut is a response to economic conditions, indicating a proactive approach by the Federal Reserve to stimulate growth [1] - The decision reflects concerns over the labor market, suggesting potential weaknesses that could impact consumer spending and overall economic activity [1] - The timing of the cut, being the first in over three years, highlights a significant shift in monetary policy as the Federal Reserve adapts to current economic challenges [1]

All three of these REITs have solid upside. Real estate investment trusts (REITs) have done well the past few months with the anticipation of interest rate cuts. Now those cuts have arrived, and there are still plenty of high-quality REITs with solid upside. In today's video, I will cover 3 REITs to add to your buy list. One of them is Equinix (EQIX 1.23%). Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. *Stock prices used were en ...

Equinix (EQIX) ended the recent trading session at $870.99, demonstrating a +1.17% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.7%. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Shares of the data center operator have appreciated by 5.25% over the course of the past month, outperforming the Finance sector's gain of 2.47% and the S&P 500's gain of 1.27%. The upcoming earnings rele ...

In the latest trading session, Equinix (EQIX) closed at $867.70, marking a +0.34% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.07% for the day. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 2.17%. Shares of the data center operator witnessed a gain of 4.24% over the previous month, beating the performance of the Finance sector with its gain of 4.06% and the S&P 500's gain of 2.92%. The upcoming earnings release of Equinix will be of ...

A month has gone by since the last earnings report for Equinix (EQIX) . Shares have added about 1.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Equinix due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Equinix's Q2 AFFO Beat on Solid Demand, Revenues Rise Eq ...

Equinix, Inc. (NASDAQ:EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 5:00 PM ET Company Participants Adaire Fox-Martin - President & CEO Conference Call Participants David Barden - Bank of America David Barden Our superstar guest, the new President and CEO of Equinix, Adaire Fox-Martin. Adaire Fox-Martin Thank you. Superstar, I appreciate that. David Barden Before we begin, do you have to do any of the Safe Harbor comments? Adaire Fox-Martin I do. So any fo ...

Core Viewpoint - Equinix is expected to report positive earnings and revenue growth in its upcoming earnings disclosure, with a notable increase in EPS and revenue compared to the previous year [2][3]. Company Performance - Equinix's stock closed at $827.59, reflecting a decrease of 0.55% from the previous trading session, which is lower than the S&P 500's loss of 0.16% [1]. - Over the last month, Equinix shares have increased by 6.06%, slightly lagging behind the Finance sector's gain of 6.28% and outperforming the S&P 500's gain of 3.64% [1]. Earnings Estimates - The anticipated EPS for Equinix is $8.71, representing a 6.35% increase year-over-year [2]. - The consensus estimate for revenue is projected at $2.2 billion, indicating a 6.8% rise from the same quarter last year [2]. - For the entire year, earnings are forecasted at $35.10 per share and revenue at $8.74 billion, reflecting increases of 9.31% and 6.69% respectively compared to the previous year [3]. Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Equinix are seen as a reflection of the company's business outlook, with positive revisions indicating optimism [4]. - The Zacks Rank system currently places Equinix at 3 (Hold), with a history of outperforming the market [6]. - Over the past month, the Zacks Consensus EPS estimate has decreased by 0.6% [6]. Valuation Metrics - Equinix has a Forward P/E ratio of 23.71, which is a premium compared to the industry average of 14.62 [6]. - The PEG ratio for Equinix stands at 1.79, significantly lower than the industry average of 3.48 [7]. Industry Context - Equinix operates within the REIT and Equity Trust - Retail industry, which is part of the Finance sector and currently holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [8].