Equinix Inc Stock Price, News & Analysis

Equinix (EQIX) has announced a quarterly cash dividend of $4.26 per share on its common stock. The dividend will be paid on December 11, 2024, to shareholders of record as of November 13, 2024. Equinix operates as the world's digital infrastructure company, providing a trusted platform for digital leaders to interconnect foundational infrastructure and scale their operations.

Equinix (Nasdaq: EQIX) reported its third-quarter 2024 results with quarterly revenues increasing 7% year-over-year to $2.2 billion. The growth was driven by robust pricing, strong deal conversions, and improvements in billable cabinets. Operating income stood at $425 million, lower than the previous quarter due to a Q2 asset sale gain. Net income attributable to common stockholders was $297 million or $3.10 per share, both lower than the previous quarter for the same reason. Adjusted EBITDA was $1.048 billion, a 1% increase over the previous quarter, with a 48% margin. AFFO per share was $9.05, down due to higher recurring capital expenditures. Equinix also announced a $15 billion joint venture to meet growing AI demand, expected to triple its xScale data center portfolio investment. The company’s annual guidance projects revenues of $8.748 - $8.788 billion, adjusted EBITDA of $4.086 - $4.126 billion, and AFFO per share of $34.81 - $35.22, reflecting significant growth over the previous year.

Equinix (Nasdaq: EQIX), the world's digital infrastructure company, has announced its upcoming quarterly conference call to discuss third-quarter results for the period ended September 30, 2024. The call is scheduled for Wednesday, October 30, 2024, at 5:30 p.m. ET (2:30 p.m. PT).

Interested parties can access the live call by dialing 1-517-308-9482 and using the passcode EQIX. A simultaneous live webcast will be available on the Equinix website under the Investor Relations section. For those unable to attend, a replay will be accessible one hour after the call until December 31, 2024, by dialing 888-296-6944 with passcode 2024. The webcast will also be available on the company's investor relations website without a password requirement.

Equinix has announced a joint venture agreement with GIC and CPP Investments to raise over $15 billion in capital for expanding its xScale data center portfolio in the U.S. This expansion is driven by increasing AI and cloud growth. The JV aims to nearly triple the investment capital of Equinix's xScale program, with plans to build new facilities on multiple 100+ megawatt campuses, adding more than 1.5 gigawatts of new capacity for hyperscale customers.

Under the agreement, CPP Investments and GIC will each control a 37.5% equity interest, while Equinix will own 25%. The JV is expected to close in Q4 2024, subject to regulatory approvals. This expansion will complement Equinix's existing global presence, which includes 72 global metros and an ecosystem of over 10,000 customers.

Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, has announced that Keith Taylor, Chief Financial Officer, will be presenting at the RBC Capital Markets Global Communications Infrastructure Conference. The presentation is scheduled for Wednesday, September 25, at 11:30 a.m. CT.

Investors and interested parties can access the presentation via a webcast on the Investor Relations section of the Equinix website at www.equinix.com/investors. This event provides an opportunity for Equinix to share insights and updates with the investment community regarding its digital infrastructure business and financial performance.

Equinix has issued more than $750 million in green bonds across two completed offerings, bringing its total green bond issuance to approximately $5.6 billion. This makes Equinix one of the top 10 largest U.S. corporate issuers in the investment-grade green bond market.

The company issued €600 million in 3.65% senior green notes due 2033 and Swiss Franc 100 million in 1.5575% senior green notes due 2029. These bonds will fund Eligible Green Projects, including green building development, renewable energy innovations, energy efficiency, resource conservation, and decarbonization solutions.

Equinix's sustainability efforts have led to 96% renewable energy coverage across its portfolio in 2023 and an 8%+ improvement in power usage effectiveness compared to the previous year. The company has also been recognized on the CDP's Climate Change A List for two consecutive years.

Equinix (Nasdaq: EQIX), the global digital infrastructure leader, has announced its participation in two major investor conferences in September 2024. CEO and President Adaire Fox-Martin will represent the company at both events:

1. Citi's 2024 Global Technology, Media and Telecom Conference on September 4, with a presentation at 3:00 p.m. ET.

2. Bank of America's 2024 Media, Communications and Entertainment Conference on September 5, presenting at 2:00 p.m. ET.

Investors and interested parties can access the presentations via webcast on the Investor Relations section of the Equinix website at www.equinix.com/investors. These conferences provide Equinix with a platform to showcase its digital infrastructure strategies and engage with potential investors.

Equinix (Nasdaq: EQIX), the global digital infrastructure leader, has announced that Jon Lin, Executive VP and GM of Data Center Services, will present at TD Cowen's 10th Annual Communications Infrastructure Summit. The event is scheduled for Tuesday, August 13, at 11:15 a.m. MT.

Investors and interested parties can access the presentation via a webcast on the Investor Relations section of the Equinix website at www.equinix.com/investors. This presentation offers an opportunity for stakeholders to gain insights into Equinix's strategies and market position in the digital infrastructure sector.

Equinix (Nasdaq: EQIX), the world's digital infrastructure company, has announced a quarterly cash dividend of $4.26 per share on its common stock. The dividend will be paid on September 18, 2024, to shareholders of record on August 21, 2024. This declaration demonstrates Equinix's commitment to returning value to its shareholders.

Equinix provides a trusted platform for digital leaders to interconnect foundational infrastructure, enabling organizations to scale, launch digital services, and enhance their value while supporting sustainability goals.