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. (Nasdaq: EQIX) is described as the world’s digital infrastructure company, operating a global footprint of data centers and interconnected ecosystems that support cloud, network and AI workloads. The EQIX news stream highlights how the company expands capacity, develops AI-ready infrastructure, raises capital and evolves its leadership and governance.
Recent news includes announcements about new AI-focused offerings such as Distributed AI infrastructure, which introduces an AI-ready backbone, a global AI Solutions Lab and Fabric Intelligence to enhance Equinix Fabric for AI and multicloud workloads. Equinix has also reported on partnerships, including work with Lenovo and Merck KGaA, Darmstadt, Germany, to host a high-performance computer in an Equinix AI-ready data center in Germany, and a joint AI Infrastructure Blueprint with Zayo that outlines how networks and interconnection hubs support AI at scale.
Investors and analysts following EQIX can also find updates on geographic expansion, such as the opening of the CN1 International Business Exchange data center in Chennai, India, which is interconnected with the company’s Mumbai campus and designed to support high-density, compute-intensive workloads and liquid cooling. Governance and leadership developments appear in the news flow as well, including the appointment of independent directors to the Board, the planned retirement of the Chief Financial Officer, and new senior roles focused on data science, AI and information security.
In addition, Equinix news covers financial topics such as quarterly results, dividend declarations and senior notes offerings disclosed in coordination with SEC filings. For anyone tracking EQIX stock, this news page provides a centralized view of Equinix’s operational milestones, strategic initiatives and capital markets activity as described in its public communications.
Equinix (Nasdaq: EQIX) has completed its acquisition of 13 data centers in Canada from BCE Inc. for US$780 million. This all-cash deal includes approximately 1.2 million gross square feet of data center space and over 600 customers, 500 of whom are new to Equinix. The acquisition enhances Equinix's position in the Canadian market and is expected to generate US$112 million in annualized revenue. Andrew Eppich has been appointed as Managing Director for Canada to oversee strategic growth and customer relations.
Equinix, Inc. (Nasdaq: EQIX), a leader in digital infrastructure, received the 2020 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA). The award recognizes Equinix as a Green Power Partner of the Year for its commitment to renewable energy and sustainability. As of 2019, Equinix sourced over 2.3 billion kWh of green power annually in the U.S., enough to power approximately 275,000 homes. The company aims for 100% clean and renewable energy across its global operations.
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Equinix (Nasdaq: EQIX) announced its selection as a strategic supplier for Nokia's Worldwide IoT Network Grid (WING) managed service on Sept. 23, 2020. This collaboration aims to enhance next-gen edge architectures and services for global mobile and IoT connectivity. Utilizing Equinix's IBX data centers, Nokia plans to deploy core and edge nodes, enabling efficient data collection from IoT devices while adhering to local regulations like GDPR. This partnership is set to facilitate rapid WING deployment and improve performance in cloud computing, AI, and machine learning.
Equinix (Nasdaq: EQIX) announced a partnership with Rakuten Mobile Singapore to deploy the Rakuten Communications Platform (RCP) globally. The phased deployment will start in Singapore and Los Angeles, with further expansions in the U.S., EMEA, and Asia-Pacific. This collaboration aims to meet the increasing demand for network services, projected to grow 4x by 2022, according to Equinix's Global Interconnection Index. By leveraging Equinix's infrastructure, Rakuten Mobile will enhance its cloud-native network services, offering secure and low-latency options to operators and enterprises worldwide.
Equinix (Nasdaq: EQIX) announced an expanded partnership with VMware to enhance digital transformation for enterprises. VMware's SD-WAN Edge will now be available as a virtual network function on Equinix's Network Edge, promoting easy deployment of network services without physical hardware. This collaboration aims to support agile, flexible enterprise networks, optimizing connectivity between remote users and applications. The integration enables global connectivity through Equinix's data centers, enhancing business continuity amid increasing demands for digital solutions.
Equinix (Nasdaq: EQIX) announced its expansion into India through the acquisition of GPX Global Systems' India operations for US$161 million, representing a 15x EBITDA multiple at full utilization. This all-cash transaction is expected to close in Q1 2021, pending regulatory approval. The acquisition adds two data centers in Mumbai, enhancing Equinix’s presence in a growing digital market projected to contribute US$355-435 billion to India's GDP by 2025. The deal will support existing customers and foster digital transformation across the region.
Equinix (Nasdaq: EQIX) has announced its status as a Google Cloud Premier Partner, facilitating easier migration and connection of enterprise workloads to Google Cloud. This partnership supports enterprises' shift towards hybrid multicloud solutions, leveraging Equinix's interconnection services for improved global reach. Key highlights include access to over 35% of Google Cloud on-ramps and the deployment of Equinix Cloud Exchange Fabric for enhanced connectivity. The collaboration emphasizes the importance of secure, direct connectivity in achieving peak performance and data security for businesses undergoing digital transformation.
Equinix, Inc. (Nasdaq: EQIX) has declared a quarterly cash dividend of $2.66 per share on its common stock. This dividend will be paid on September 23, 2020, to shareholders of record as of August 19, 2020. Equinix connects over 55 markets globally, providing businesses with interconnection services within its data centers.
Equinix reported Q2 2020 revenues of $1.470 billion, a 6% increase year-over-year and the 70th consecutive quarter of revenue growth. The company experienced significant interconnection growth, with 88% of total recurring revenues from customer deployments across multiple metros. Operating income rose 11% to $282 million, with an operating margin of 19%. Adjusted EBITDA was $720 million, a 49% margin. The company reaffirmed 2020 revenue guidance of $5.919 - $5.989 billion, reflecting a 6-8% increase over 2019.