Equinix Inc Stock Price, News & Analysis

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.

Equinix (Nasdaq: EQIX) announced its participation in the 2021 Pacific Telecommunications Council (PTC) Annual Conference on January 18, 2021. Three executives will speak at various panels: Eric Schwartz discusses Data Infrastructure, Bruce Owen addresses Diversity and Inclusion, and Alex Vaxmonsky focuses on Submarine Cables. Additionally, a business update will occur on January 20, 2021, at 8:00 a.m. and 6:00 p.m. PST.

Equinix (Nasdaq: EQIX) announced a conference call scheduled for February 10, 2021, at 5:30 PM ET to discuss its Q4 2020 and full year results.

The call will cover financial outcomes for the period ending December 31, 2020. Investors can listen live by calling 1-517-308-9482 or via a webcast on Equinix's website. A replay will be available until April 28, 2021.

Equinix (Nasdaq: EQIX), a leader in digital infrastructure, announced that CEO Charles Meyers will present at the Citi 2021 Global TMT West Virtual Conference on January 5, 2021, at 5:00 p.m. EST. The presentation will be accessible via webcast on the Equinix Investor Relations website. Equinix provides essential digital solutions that empower businesses to connect, scale, and thrive in the digital landscape, facilitating access to significant partners and opportunities.

Equinix (Nasdaq: EQIX) has announced transformative updates to its digital infrastructure offerings, notably Equinix Fabric, now established as the preferred interconnection standard for enterprises. This expansion allows for enhanced connections across a global footprint, supporting over 27,500 customer connections, reflecting a 32% year-over-year growth. The platform will see increased market availability, reaching a total of 56 strategic markets by the end of 2021. Additionally, Network Edge now features a full suite of SD-WAN services, enhancing agility for enterprises as they modernize their networks.

Equinix (Nasdaq: EQIX) announced the expansion of Platform Equinix with a new International Business Exchange™ (IBX®) data center in Singapore, named SG5, backed by an initial investment of US$144 million. Scheduled to open in H1 2021, SG5 will feature over 1,300 cabinets and 18,400 square feet of colocation space in its first phase. This expansion aligns with Singapore's Smart Nation initiative, addressing the surge in demand for cloud connectivity as businesses transition to digital operations.