Equinix Inc Stock Price, News & Analysis

Equinix, Inc. (Nasdaq: EQIX) has announced a quarterly cash dividend of $2.87 per share on its common stock. This dividend will be payable on June 16, 2021, to shareholders of record on May 19, 2021. The declaration reflects Equinix's commitment to returning value to shareholders while maintaining a robust financial position.

Equinix reported Q1 2021 revenues of $1.596 billion, reflecting a 10% year-over-year increase. This marks their 73rd consecutive quarter of revenue growth. Operating income rose 30% to $298 million, while net income surged 207% to $156 million, resulting in $1.74 per share. Annual revenue guidance is set between $6.559 - $6.619 billion, with adjusted EBITDA expected at $3.071 - $3.131 billion. Despite a $6 million negative foreign currency impact, Equinix remains a market leader in retail colocation globally.

Equinix (Nasdaq: EQIX) has announced an expansion of private network access to Microsoft Azure via Azure ExpressRoute, now serving six new global markets: Berlin, Bogotá, Canberra, Dubai, Rio de Janeiro, and Seoul. This initiative enhances enterprise connectivity to Azure services, including Azure VMware Solution, facilitating smoother hybrid cloud transformations. With this expansion, Azure ExpressRoute is available in 32 Equinix metros, solidifying Equinix's leadership in providing secure, high-speed cloud connectivity. Enterprises can leverage this service for efficient migration and operational continuity across their digital infrastructure.

Equinix (Nasdaq: EQIX) announced significant updates to Tinkerbell, an open-source bare metal provisioning platform, since joining the Cloud Native Computing Foundation (CNCF) Sandbox. Enhanced features aim to boost ecosystem adoption among cloud-native leaders, empowering developers in managing infrastructure across diverse environments. Key updates include a new component called 'Hook' that reduces installation times, support for Kubernetes via Cluster API, and improved workflows. Tinkerbell has been successfully tested at Equinix Metal, facilitating thousands of daily provisions.

Equinix, Inc. (Nasdaq: EQIX) will conduct its quarterly conference call on April 28, 2021, at 5:30 PM ET to discuss first quarter results for the period ending March 31, 2021. The call can be accessed via a phone dial-in or live webcast, with a replay available post-call until July 28, 2021. Equinix, recognized as a leader in digital infrastructure, empowers businesses with the foundational infrastructure necessary for growth and agility in the digital landscape.

Equinix, Inc. (Nasdaq: EQIX) launched Equinix Precision Time, a first-of-its-kind Time as a Service offering, to enhance time synchronization for businesses globally. This service, available on Platform Equinix, targets industries like financial services, online gaming, and media, providing accurate, secure, and reliable synchronization without costly infrastructure. Key benefits include microsecond-level precision, compliance with regulatory requirements, and reduced capital expenses. The service aims to address the growing demand for precise timing and support seamless digital operations.

Equinix (Nasdaq: EQIX) announced a $3 billion xScale data center program targeting hyperscale companies across multiple regions, including Brazil, France, and Japan. This expansion will support the growing demand for digital infrastructure and cloud services. The program is designed to meet specific operational and technical needs of hyperscale clients, accommodating large power requirements and offering extensive colocation space. Notable developments include the opening of the first xScale center in Tokyo and additional projects planned in Europe and Latin America, enhancing Equinix's global connectivity.

Equinix, Inc. (Nasdaq: EQIX) announces plans to open its first data center, BX1, in Bordeaux, France, in Q3 2021. This facility will connect directly to Equinix's IBX sites in Paris, enhancing digital connectivity for global businesses and local authorities in New Aquitaine. BX1 will serve as a landing hub for the AMITIE submarine cable, linking France with the U.S. and Great Britain. The data center will utilize 100% renewable energy and is designed to provide modular, scalable services while contributing to the area's growing digital economy.