Equinix Inc Stock Price, News & Analysis

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, announced its participation in four upcoming investor conferences. Key presentations include:

• NASDAQ 45th Investor Conference - November 30, 11:00 a.m. EST by CFO Keith Taylor.
• 5th Annual Virtual Wells Fargo TMT Summit - November 30, 2:00 p.m. EST by Steve Madden and Chip Newcom.
• 25th Credit Suisse Annual Technology Conference - December 1, 3:45 p.m. EST by Steve Madden and Chip Newcom.
• Barclays Global TMT Conference - December 7, 1:50 p.m. EST by Bill Long and Katrina Rymill.

Webcasts will be available on the Equinix Investor Relations website.

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.

The Global Interconnection Index (GXI Vol. 5) by Equinix reveals a significant digital transformation, as businesses accelerate their digital infrastructure deployment by four times compared to pre-pandemic speeds. The interconnection bandwidth is projected to exceed 21,485+ terabits per second (Tbps) by 2024, with a CAGR of 44%. Key industry insights indicate the financial services sector will dominate interconnection bandwidth, while sectors including healthcare and transportation will see the fastest growth. The study underscores the urgency for companies to innovate and adapt to evolving market demands.

Equinix (Nasdaq: EQIX) and PGIM Real Estate announced a US$575 million joint venture to develop two xScale data centers in Sydney, Australia. The facilities will provide over 55 MW of power capacity aimed at hyperscale companies, with the first center, SY9x, expected to open in Q1 2022. This partnership enhances Equinix's existing global xScale portfolio, which will exceed $7.5 billion and 675 MW across 34 facilities upon completion. PGIM will hold an 80% equity interest while Equinix retains 20%. The venture aims for completion in Q4 2021.

Equinix (Nasdaq: EQIX) has expanded its Kubernetes ecosystem on Equinix Metal, enhancing support for hybrid and multicloud workloads. This initiative aids over 10,000 customers in deploying applications closer to users and networks. Key partnerships with providers like Amazon EKS Anywhere, Google Anthos, and SUSE Rancher enable seamless integration and improved management capabilities. The expansion reflects Equinix's commitment to a partner-first strategy, ensuring businesses can operate effectively across diverse infrastructures. This positions Equinix as a leader in digital infrastructure solutions.