REDWOOD CITY, Calif., Feb. 12, 2025 /PRNewswire/ -- Increased annual revenues 7% on an as-reported basis or 8% on a normalized and constant-currency basis, excluding the impact of power pass-through Drove significant operating leverage, creating continued value for shareholders Increased quarterly cash dividend by 10% to $4.69 per share on its common stock, a 10th consecutive year of increase, based on continued strong operating performanceEquinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure com ...

PHILADELPHIA, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ:OLPX): Grabar Law Office is investigating claims on behalf of shareholders of Olaplex Holdings, Inc. (NASDAQ:OLPX). The investigation concerns whether certain officers of Olaplex breached the fiduciary duties they owed to the Company. Current shareholders who acquired Olaplex shares on or near the September 29, 2021 IPO, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court a ...

Core Viewpoint - Equinix, Inc. is expected to report year-over-year growth in revenues and adjusted funds from operations (AFFO) per share for Q4 and full-year 2024 results, with a focus on strong demand for digital infrastructure driving performance [1][2][3]. Financial Performance - The Zacks Consensus Estimate for Q4 2024 revenues is between $2.262 billion and $2.302 billion, indicating an 8.1% increase from the previous year [7]. - Colocation revenues are projected at $1.57 billion, reflecting a 6.6% growth from $1.47 billion in the prior-year period, while interconnection revenues are expected to reach $392.8 million, marking a 9.8% increase from $357.7 million [6]. - The estimated adjusted EBITDA for Q4 is between $1.01 billion and $1.05 billion, suggesting a year-over-year increase of 14% [7]. Growth Drivers - Equinix's recurring revenue model, which includes colocation and interconnection services, is anticipated to support stable cash flows and boost top-line growth [5]. - The company is expanding its International Business Exchanges data centers globally to meet the increasing demand for data management and digital transformation strategies [3][4]. Projections for 2024 - For the full year 2024, Equinix projects AFFO per share between $34.81 and $35.22, indicating an 8-10% increase from the previous year [9]. - Total revenues are estimated to be in the range of $8.748 billion to $8.788 billion, representing a year-over-year growth of 7% [10]. - The Zacks Consensus Estimate for full-year AFFO per share is pegged at $35.19, reflecting a 9.6% increase year over year [10]. Market Sentiment - Despite the positive growth outlook, high interest expenses may partially hinder quarterly performance, with an estimated year-over-year increase of 8.1% in interest expenses [8]. - The Zacks Consensus Estimate for quarterly AFFO per share has remained unchanged at $8.11, suggesting an 11.1% increase from the prior-year quarter [8].

The upcoming report from Equinix (EQIX) is expected to reveal quarterly earnings of $8.11 per share, indicating an increase of 11.1% compared to the year-ago period. Analysts forecast revenues of $2.28 billion, representing an increase of 8.1% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a compan ...

Equinix (EQIX) ended the recent trading session at $936.50, demonstrating a +1.32% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.39%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.2%.Prior to today's trading, shares of the data center operator had lost 1.68% over the past month. This has lagged the Finance sector's gain of 4.25% and the S&P 500's gain of 1.7% in that time.Analysts and investors alike will be ke ...

Stock Performance - Equinix (EQIX) ended the recent trading session at $922 13, showing a +1 53% increase from the previous day's closing price [1] - The stock's performance surpassed the S&P 500's daily gain of 0 53%, the Dow's rise of 0 38%, and the Nasdaq's increase of 0 25% [1] - Over the past month, Equinix shares lost 3 68%, while the Finance sector gained 4 18% and the S&P 500 gained 1 24% [1] Earnings and Revenue Forecast - Equinix is set to release its earnings report on February 12, 2025, with an expected EPS of $8 11, reflecting an 11 1% growth compared to the same quarter last year [2] - The company's revenue is forecasted to be $2 28 billion, an 8 07% increase from the prior-year quarter [2] Analyst Estimates and Revisions - Recent revisions to analyst estimates for Equinix reflect the latest near-term business trends, with positive revisions indicating a favorable business outlook [3] - Empirical research shows a direct correlation between estimate revisions and impending stock price performance [4] - The Zacks Rank system, which considers these estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] - Equinix currently holds a Zacks Rank of 3 (Hold), and the consensus EPS projection has moved 0 08% lower in the past 30 days [5] Valuation Metrics - Equinix is trading at a Forward P/E ratio of 23 71, which is higher than the industry average of 14 4, indicating a premium valuation [6] - The company's PEG ratio is 1 92, compared to the REIT and Equity Trust - Retail industry's average PEG ratio of 2 85 [7] - The REIT and Equity Trust - Retail industry, part of the Finance sector, holds a Zacks Industry Rank of 66, placing it in the top 27% of all industries [7] Industry Performance - The Zacks Industry Rank measures the strength of industry groups by averaging the Zacks Rank of individual stocks within the groups [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Shares of Equinix, Inc. (EQIX) have gained 22.4% in the past six months compared with the real estate market’s growth of 2.6%.The robust demand for data center infrastructure amid enterprises’ growing reliance on technology and acceleration in digital transformation strategies has aided this Zacks Rank #3 (Hold) stock in recent years. Its strategic expansion efforts, backed by a healthy balance sheet, have enabled it to capitalize on favorable industry trends so far. Image Source: Zacks Investment Research  ...

Company Overview - Equinix (NASDAQ: EQIX) is a Real Estate Investment Trust (REIT) that operates 268 data centers globally, making it one of the largest publicly traded REITs in the market [1] - The company provides various services to clients within the cloud service sector [1] Industry Focus - The REIT sector is highlighted as having unique dynamics and significant potential for long-term growth [1] - There is a particular emphasis on identifying undervalued REITs that are poised for substantial appreciation [1] Investment Philosophy - The investment approach is rooted in rigorous fundamental analysis, focusing on financial health, competitive positioning, and management quality [1] - A long-term perspective is prioritized, aiming to generate sustainable returns by identifying opportunities where intrinsic value diverges from market price [1]

Tax Treatment of Distributions - Equinix announced the tax treatment for all 2024 distributions on its common stock, providing detailed information on taxable dividends and return of capital per share [1][3] - The total distribution per share for 2024 was $17.04, with $17.04 classified as ordinary taxable dividends and $0.00 as qualified taxable dividends or return of capital [3] - The distributions were consistent across all four quarters of 2024, with each quarter's distribution per share being $4.26 [3] Company Overview - Equinix is a global digital infrastructure company that enables organizations to interconnect foundational infrastructure at software speed [5] - The company provides a trusted platform for digital leaders to scale with agility, speed the launch of digital services, and deliver world-class experiences while supporting sustainability goals [5]

Artificial Intelligence and Related Technologies - The rise of artificial intelligence and related technologies is expected to be a game changer across industries in 2024 [1] - Generative AI and other corresponding products are highlighted as key drivers of this transformation [1]