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Equinix, Inc. (EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference (Transcript)
Seeking Alpha· 2024-09-06 14:01
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 ...
Equinix, Inc. (EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference (Transcript)
2024-09-06 14:01
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 ...
Equinix (EQIX) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-09-04 23:22
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].
Equinix Issues More Than $750 Million in Green Bonds to Drive Sustainability Initiatives
Prnewswire· 2024-09-04 12:01
REDWOOD CITY, Calif., Sept. 4, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that it issued more than $750 million in green bonds across two completed offerings. The green bonds will enable Equinix to advance on its sustainability initiatives and drive improvements in the operational eco-efficiency of its business. With these latest issuances, Equinix will have issued a total of approximately $5.6 billion of green bonds, making it one of the ...
Equinix Q2 Results: Solid Earnings But Valuation And Risks Loom Large
Seeking Alpha· 2024-08-14 08:30
JHVEPhoto Introduction/Earnings Equinix (NASDAQ:EQIX) had an extremely strong second quarter, reporting a beat on revenue, EPS, and FFO. Over the past two years, they have only beaten FFO expectations half the time, so this comes as a welcome surprise. Revenue was up 2% QoQ and 7% Yo'Y, and AFFO per diluted share was up 4% sequentially and 16% YoY. AFFO per share in the TTM is up 8.66% YoY, which is extremely impressive compared to the sector median of only 2.27%. Their balance sheet is also very solid, wit ...
Equinix, Inc. (EQIX) TD Cowen's 10th Annual Communications Infrastructure Summit (Transcript)
2024-08-13 20:23
Equinix, Inc. (NASDAQ:EQIX) TD Cowen's 10th Annual Communications Infrastructure Summit August 13, 2024 1:15 PM ET Company Participants Jon Lin - Executive Vice President and General Manager, Data Center Services Conference Call Participants Michael Elias - TD Cowen Michael Elias Well good morning, everyone and welcome to TD Cowen’s 10th Annual Communications Infrastructure Summit. My name is Michael Elias, and I’m the Communications Infrastructure Analyst here at TD Cowen. And for this meeting we have Equ ...
Equinix's (EQIX) Q2 AFFO Beat on Solid Demand, Revenues Rise
ZACKS· 2024-08-08 17:45
Equinix Inc.'s (EQIX) second-quarter 2024 adjusted funds from operations (AFFO) per share of $9.22 surpassed the Zacks Consensus Estimate of $8.82. The figure improved nearly 14.7% from the prior-year quarter. 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 472,300, rising 4% year over year. The company also revised its outlook for 2024. Total quarterly revenues c ...
Equinix(EQIX) - 2024 Q2 - Earnings Call Presentation
2024-08-08 01:00
| --- | --- | |-----------------------------------------------|-------| | | | | | | | | | | | | | | | | Q2 2024 Earnings Conference Call NASDAQ EQIX | | | Presented on August 7, 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 ...
Equinix(EQIX) - 2024 Q2 - Earnings Call Transcript
2024-08-08 01:00
Equinix, Inc. (NASDAQ:EQIX) Q2 2024 Earnings Conference Call August 7, 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 Simon Flannery - Morgan Stanley Nick Del Deo - MoffettNathanson David Barden - Bank of America James Schneider - Goldman Sachs Michael Elias - TD Cowen Michael Rollins - Citi Operator Good afternoon, and welcome to the Equinix Second Quarter Earnings Conference Call [Operator Instr ...
Equinix (EQIX) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-07 23:30
Equinix (EQIX) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 7%. EPS of $9.22 for the same period compares to $2.21 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.16 billion, representing a surprise of +0.10%. The company delivered an EPS surprise of +4.54%, with the consensus EPS estimate being $8.82. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...