Welcome to our dedicated page for Equinix news (Ticker: EQIX), a resource for investors and traders seeking the latest updates and insights on Equinix stock.
Equinix, Inc. operates as a global digital infrastructure and data center REIT focused on colocation, interconnection and related services for enterprises, cloud providers, networks and hyperscale customers. Company news commonly covers quarterly operating results, recurring revenue trends, bookings, backlog, data center asset performance and common stock dividends.
Equinix updates also include customer and partner deployments across its global data center footprint, product launches tied to AI and private connectivity, and capital markets activity such as senior note offerings by wholly owned finance subsidiaries. Other recurring developments include workforce initiatives and executive leadership changes within its technology-infrastructure business.
Equinix, Inc. (Nasdaq: EQIX) has appointed Jon Lin as EVP & General Manager of Data Center Services, effective immediately. In this role, Lin will lead the company's strategy for its Data Center Services portfolio, focusing on expanding Equinix's global footprint and enhancing operating leverage. Lin, who joined Equinix in 2009, has played a key role in major acquisitions, including Verizon's $3.6 billion data center acquisition. CEO Charles Meyers expressed confidence in Lin's ability to drive growth and market leadership amid the evolving digital landscape.
Equinix (Nasdaq: EQIX) has announced a multi-year partnership with Nasdaq (Nasdaq: NDAQ) to enhance the NY11 data center in Carteret, New Jersey. This collaboration aims to develop Nasdaq's cloud infrastructure, providing low-latency edge compute capabilities. Nasdaq has utilized Equinix for over 13 years, benefiting from its interconnected platform and extensive ecosystem. The agreement will further support Nasdaq's hybrid infrastructure, enabling access to critical cloud services and facilitating future deployments across North America, Europe, and Asia-Pacific.
Equinix (Nasdaq: EQIX) announced a EUR 2.5 million funding from the Clean Hydrogen Partnership for the EcoEdge PrimePower (E2P2) project, aimed at developing low-carbon fuel cells for data centers. This consortium of seven companies, including Equinix, seeks to integrate solid-oxide fuel cells with lithium-ion batteries to enhance sustainable power solutions. The E2P2 project aligns with Equinix's goals to achieve climate neutrality by 2030 and utilize 100% renewable energy. By demonstrating this innovative technology, Equinix aims to contribute significantly to carbon reduction in the data center industry.
Equinix, Inc. (Nasdaq: EQIX) announced the expansion of its Equinix Metal platform with new technologies, including updates to hardware configurations featuring products from AMD, Ampere, Intel, and NVIDIA. This enhancement focuses on as-a-Service offerings, enabling businesses to scale their infrastructure and support hybrid cloud architectures efficiently. The launch includes six additional metro areas for global reach and advanced AI capabilities for customers. By 2025, 40% of new compute and storage will be consumed as a service, according to Gartner®.
Equinix, Inc. (Nasdaq: EQIX) announced its acquisition of MainOne, a prominent data center provider in West Africa, for an enterprise value of US$320M. This strategic move marks Equinix's entry into the African market, aiming for the acquisition to close in Q1 2022. MainOne enhances Equinix's infrastructure with three operational data centers and extensive subsea and terrestrial networks, facilitating connectivity across West Africa. This acquisition is anticipated to be AFFO accretive and represents a critical step in Equinix's goal to become a leader in digital infrastructure in Africa.
Equinix (Nasdaq: EQIX) and EllaLink have launched the first high-capacity subsea cable system connecting Europe and Latin America. This new infrastructure enhances network performance by 50% between Brazil, Spain, and Portugal, significantly reducing latency—a crucial factor for sectors like cloud services and finance. As the global subsea cable market is projected to reach $22 billion by 2025, Equinix's more than 230 data centers across 65 markets position it as a key player in global connectivity, enabling faster, reliable interconnections for businesses.
Equinix, the world's digital infrastructure company, has partnered with DISH to support the United States' first cloud-native, Open RAN-based 5G network. This collaboration will enable DISH to utilize Equinix's extensive interconnection infrastructure in their U.S. data centers. DISH aims to leverage Equinix's network capabilities to enhance 5G connectivity nationwide. Furthermore, Equinix recently launched a 5G and Edge Technology Development Center to facilitate innovative 5G services. This partnership positions both companies favorably in the growing digital infrastructure market.
Equinix (Nasdaq: EQIX) announced a quarterly cash dividend of $2.87 per share on its common stock, set to be paid on December 15, 2021. Shareholders of record as of November 17, 2021 will receive this dividend. The company's focus remains on enabling digital leaders through its global digital infrastructure platform, emphasizing its commitment to supporting businesses in scaling and launching digital services.
Equinix reported Q3 2021 revenues of $1.675 billion, a 10% year-over-year increase, marking its 75th consecutive quarter of growth. The company saw record channel bookings, with interconnection revenues surpassing colocation revenues. Major milestones included the acquisition of GPX India and a new joint venture in Australia valued at $575 million. Operating income rose 1% to $282 million, and net income surged 123% to $152 million. 2021 annual guidance anticipates revenues between $6.614 - $6.634 billion.
Equinix, Inc. (Nasdaq: EQIX) announced plans to build a new International Business Exchange™ (IBX®) data center, MA5, in Salford, Manchester. The facility, scheduled to open in Q2 2022, will be the fifth data center in Greater Manchester, enhancing connectivity in the UK’s robust fiber-optic network. The investment totals over £130 million for this site and £1 billion+ for the UK's digital infrastructure. MA5 will offer advanced colocation and interconnection services, supporting regional digital transformation and creating jobs in Manchester.