Shares of Equinix, Inc. (EQIX) have risen 11.6% in the past three months against the real estate market’s decline of 0.1%.The robust demand for data center infrastructure amid enterprises’ growing reliance on technology and acceleration in digital transformation strategies has aided this REIT in recent years. Its strategic expansion efforts, backed by a robust balance sheet, have enabled it to capitalize on favorable industry trends so far.In October, Equinix reported third-quarter 2024 adjusted funds from ...

Equinix, Inc. (EQIX) recently announced its plans to establish a new data center in Singapore, with an initial investment of $260 million. This facility, featuring advanced liquid cooling, is designed to help global businesses in next-generation workloads, such as artificial intelligence (AI).The nine-story facility, referred to as SG6, is expected to open in the first quarter of 2027. It will also represent Equinix’s sixth International Business Exchange data center in Singapore.When fully built, the facil ...

REDWOOD CITY, Calif. and SINGAPORE, Nov. 19, 2024 /PRNewswire/ -- Today Equinix, Inc. (Nasdaq: EQIX) announced plans for its latest data center in Singapore, aimed at enabling global businesses to leverage next generation workloads, like AI, in one of the region's fastest-growing digital economies. With an initial investment of US$260M, the new facility–named SG6–will be Equinix's sixth International Business Exchange™ (IBX®) data center in Singapore. This new high performance data center will feature a wor ...

In a world where digital transformation is paramount, Equinix (EQIX) continues to prove itself to be a pivotal player in the global digital infrastructure landscape. Analysts also seem bullish on this Zacks Rank #2 (Buy) stock. The estimate revision trend for 2024 funds from operations (FFO) per share indicates a favorable outlook for the company, with estimates moving north over the past month. Over the past three months, shares of Equinix have risen 11%, outperforming the real estate market’s upside of 4. ...

Ken Griffin's Citadel has been adding to its position in data center and digital infrastructure stock Equinix. Semiconductor stocks have been some of the biggest beneficiaries in the ongoing artificial intelligence (AI) revolution. Chipsets known as graphics processing units (GPUs) are important for developing generative AI, and companies including Nvidia, Advanced Micro Devices, and Taiwan Semiconductor have emerged as early winners in the GPU realm so far. IT infrastructure is an area tangential to the GP ...

Dublin, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The "Peru Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.The Peru Data Center Market was valued at USD 130 billion in 2023, and is expected to reach USD 310 billion by 2029, rising at a CAGR of 15.59%. Peru's data center market witnessed gradual and steady growth and is one of the developing and emerging locations in Latin America, with possibilities of new investments and entran ...

Equinix Inc.’s (EQIX) third-quarter 2024 adjusted funds from operations (AFFO) per share of $9.05 surpassed the Zacks Consensus Estimate of $8.70. The figure improved 10.5% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results displayed steady growth in colocation and inter-connection revenues on the back of strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 478,000, rising 4% year over year. The compa ...

| --- | --- | |------------------------------------------------|-------| | | | | | | | | | | | | | Q3 2024 Earnings Conference Call NASDAQ: EQIX | | | Presented on October 30, 2024 | | | © 2024 Equinix, Inc. | | Public Disclosure Statement Forward-Looking Statements Except for historical information, this presentation contains forward-looking statements which include words such as "believe," "anticipate," and "expect." These forward-looking statements involve risks and uncertainties that may cause Equinix's ...

Equinix, Inc. (NASDAQ:EQIX) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Chip Newcom - Senior Director of IR Adaire Fox-Martin - CEO and President Keith Taylor - CFO Conference Call Participants Ari Klein - BMO Capital Markets Simon Flannery - Morgan Stanley Jonathan Atkin - RBC James Schneider - Goldman Sachs David Barden - Bank of America Timothy Horan - Oppenheimer Operator Good afternoon and welcome to the Equinix Third Quarter Earnings conference call. All lines wil ...

Equinix (EQIX) reported $2.2 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 6.8%. EPS of $9.05 for the same period compares to $2.93 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +4.02%, with the consensus EPS estimate being $8.70. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...