Core Insights - Equinix reported quarterly funds from operations (FFO) of $7.92 per share, missing the Zacks Consensus Estimate of $8.09 per share, but showing an increase from $7.30 per share a year ago, resulting in an FFO surprise of -2.10% [1] - The company posted revenues of $2.26 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.79%, compared to $2.11 billion in the same quarter last year [2] - Equinix has surpassed consensus FFO estimates three times over the last four quarters, but has only topped revenue estimates once in the same period [2] Financial Performance - The current consensus FFO estimate for the upcoming quarter is $9.44 on revenues of $2.29 billion, while the estimate for the current fiscal year is $38.30 on revenues of $9.51 billion [7] - Equinix shares have increased by approximately 0.1% since the beginning of the year, underperforming the S&P 500, which has gained 3.2% [3] Market Outlook - The estimate revisions trend for Equinix is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Retail industry, to which Equinix belongs, is currently in the top 33% of Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Core Insights - Equinix reported steady growth in Q4 2024, with a revenue of $2.26 billion, reflecting a 7.1% year-over-year increase despite a minor shortfall from projections [2][6] - The company forecasts continued growth for 2025, estimating a revenue increase of 3% to 4% on a reported basis, or 7% to 8% when adjusted for currency effects [9] Financial Performance - Q4 2024 EPS was a loss of $0.14 per share, significantly below the estimate of $2.67, marking a 105% decline year-over-year [3] - Adjusted EBITDA margin improved to 45%, up from 44% in the same period last year, indicating enhanced operational efficiency [2][3] - AFFO per share increased by 8.5% to $7.92, demonstrating solid cash flow generation [3][7] Business Overview - Equinix operates 268 data centers globally, focusing on expanding its footprint and enhancing interconnection services [4] - The company is prioritizing strategic expansions and innovations, particularly in AI-driven workloads and advanced interconnection services [5] Quarterly Highlights - Interconnection services revenue grew by 9%, supporting the trend towards enhanced digital interconnectivity [6] - Total revenue for the year reached $8.748 billion, reflecting steady demand despite a slight revenue miss compared to guidance [6] Strategic Initiatives - Equinix is undertaking 62 major projects globally, including 16 xScale developments aimed at enhancing AI and hyperscale offerings [8] - The company continues to declare consistent dividends, maintaining its trend of shareholder returns [8] Future Outlook - Management plans to improve adjusted EBITDA margins by 190 basis points in 2025, with a focus on AI-related infrastructure and sustainability programs [9]

Financial Performance - Equinix reported a significant increase in revenue, reaching $7.5 billion for the fiscal year, representing a 10% year-over-year growth[18] - The company anticipates a 5% increase in adjusted EBITDA for the next fiscal year, driven by ongoing demand for digital infrastructure[22] - The company has incurred substantial losses in the past and may continue to do so in the future, impacting overall financial performance[26] - The company’s results of operations may fluctuate significantly, impacting overall financial stability[26] Customer Demand and Services - The company experienced a 15% increase in customer interconnection services, highlighting strong demand for its data center offerings[18] - The company continues to invest in expansion efforts but may not achieve sufficient customer demand to realize expected returns on these investments[26] Expansion Plans - Equinix plans to expand its global footprint by opening 10 new International Business Exchange (IBX) data centers in key markets over the next two years[22] - The company is exploring strategic acquisitions to enhance its service offerings and market position[22] Operational Efficiency and Investments - The company is investing approximately $500 million in enhancing its back-office information technology systems to improve operational efficiency[22] - Equinix's cybersecurity measures are under continuous review following past incidents, with increased investments planned to mitigate future risks[22] Debt and Financial Risks - Equinix's total debt stands at $12 billion, which may impact its cash flow and flexibility for future capital raises[22] - The company’s substantial debt could adversely affect cash flows and limit flexibility to raise additional capital[26] - The company faces significant risks related to its capital needs and strategy, including potential interruptions in internet connectivity to its IBX data centers, which could adversely affect operations and cash flow[26] Regulatory and Environmental Challenges - Environmental regulations may impose new or unexpected costs on the company, impacting financial performance[27] - The company may fail to achieve its sustainability objectives, which could adversely affect public perception and relationships with stakeholders[27] - The company’s qualification as a real estate investment trust (REIT) is at risk, which could expose it to substantial corporate income tax and materially affect its financial condition[27] Geopolitical and Market Challenges - The company has faced challenges due to geopolitical tensions, which could affect its operations and financial condition[22] - The anticipated benefits of joint ventures may not be fully realized or may take longer than expected, posing risks to financial and strategic goals[26] - The company is subject to revenue risks associated with government customers, including early termination and audits, which could materially affect results[26]

Equinix Investor Relations Contacts: Equinix Media Contacts: invest@equinix.com press@equinix.com FOR IMMEDIATE RELEASE EQUINIX REPORTS STRONG FOURTH-QUARTER AND FULL-YEAR 2024 RESULTS • 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 10 consecut ...

Group 1 - Equinix, Inc. announced a quarterly cash dividend of $4.69 per share, representing a 10% increase from the previous quarter [1] - The dividend will be paid on March 19, 2025, to shareholders of record on February 26, 2025 [1] Group 2 - Equinix is recognized as the world's digital infrastructure company, enabling organizations to interconnect foundational infrastructure at software speed [2] - The company supports digital leaders in scaling with agility, launching digital services quickly, and achieving sustainability goals [2]

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 ...