Equinix Inc Stock Price, News & Analysis

Pure Storage (NYSE: PSTG) and Equinix (Nasdaq: EQIX) have partnered to introduce Pure Storage on Equinix Metal, enhancing storage as a service in a multi-cloud environment. This new offering streamlines infrastructure management, allowing enterprises to shift to a more flexible IT model without owning data centers. With 57% of businesses opting for hybrid IT, this solution promises to reduce costs and operational risks. The service is accessible in 18 global locations and supports various applications, including high-volume and cloud-native workloads.

Equinix (Nasdaq: EQIX) has announced a virtual roundtable titled "What Is at the Edge and Why Does Proximity Matter?" scheduled for March 16, 2021, from 8:00 to 8:55 a.m. Pacific Time. The event will feature C-suite executives from Equinix, VMware, NS1, and Gartner. Topics to be discussed include the use of edge infrastructure for IT challenges, the state of edge computing, and customer use cases that highlight effective edge solutions. The roundtable will be moderated by Bob Gill from Gartner.

Equinix (Nasdaq: EQIX) and Vodafone announced plans to build a new subsea hub, GN1, in Genoa, Italy, enhancing global connectivity. This hub will serve as a landing point for the 2Africa cable, a major telecom project aiming to connect 16 African countries to Europe and the Middle East. GN1 will provide secure colocation and interconnection services and is set to utilize 100% renewable energy. The project responds to the increasing demand for digital infrastructure and aims to boost economic development in the region.

Equinix, Inc. (Nasdaq: EQIX) has announced its participation in four key investor conferences:

• RBC Global ESG Conference: Feb 25, 2:30 p.m. EST, by Katrina Rymill.
• Morgan Stanley TMT Virtual Conference: Mar 2, 5:00 p.m. EST, by Keith Taylor.
• Citi Global Property Conference: Mar 8, 2:45 p.m. EST, by Charles Meyers.
• Deutsche Bank Media, Internet & Telecom Conference: Mar 10, 2:00 p.m. EST, by Karl Strohmeyer.

Webcasts will be available on the Equinix Investor Relations website.

Equinix (Nasdaq: EQIX) has declared a quarterly cash dividend of $2.87 per share on its common stock. This dividend will be paid on March 17, 2021, to shareholders on record as of February 24, 2021. This announcement reinforces Equinix’s commitment to returning value to its shareholders while continuing to support its digital infrastructure services, which empower businesses to scale and interconnect their foundational systems.

Equinix reported its 2020 financial results, showing an 8% year-over-year revenue increase to approximately $6 billion, marking its 72nd consecutive quarter of revenue growth. However, operating income decreased by 10% to $1.053 billion, attributed to acquisition costs. Net income fell 27% to $370 million, primarily due to these costs and losses from debt extinguishment. For 2021, Equinix forecasts revenue between $6.580 - $6.640 billion, expecting a 10-11% increase over 2020, with adjusted EBITDA projected at $3.067 - $3.127 billion.

Equinix (Nasdaq: EQIX) announced the tax treatment for its 2020 distributions to shareholders. For the year, the total distribution per share is $10.640, comprising ordinary taxable dividends and return of capital. Each quarterly dividend of $2.66 was reported as both ordinary and qualified taxable dividends, with no return of capital. As the federal income tax return for the year ended December 31, 2020, is yet to be filed, shareholders are advised to consult tax advisors for specific reporting guidance. This information is critical for investors regarding tax liabilities.

Equinix has announced its participation in the Climate Neutral Data Centre Operator Pact, a significant initiative involving various European cloud infrastructure and data center providers. This Pact aims to ensure that European data centers achieve carbon neutrality by 2030, aligning with the European Green Deal. Key commitments include improving energy efficiency, utilizing 100% carbon-free energy, and implementing sustainable practices. Equinix's past efforts include sourcing 100% renewable energy for its EU sites. The European Commission will monitor progress biannually.