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 (EQIX) operates the world's largest network of interconnected data centers, powering digital transformation for enterprises globally. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives, financial performance, and technological innovations.
Access official press releases covering key developments including data center expansions, cloud partnership announcements, and interconnection platform enhancements. Our curated collection serves as a centralized resource for tracking Equinix's role in enabling secure hybrid cloud deployments and hyperscale infrastructure solutions.
Discover updates on Equinix's unique REIT structure, sustainability initiatives, and global market positioning across 25+ strategic metros. Content spans operational milestones, leadership changes, and industry recognition relevant to understanding the company's growth trajectory.
Bookmark this page for direct access to unfiltered financial disclosures and technical updates from the leader in digital infrastructure services. Check regularly for new developments shaping the future of enterprise interconnection ecosystems.
Equinix reported Q3 2020 revenues of $1.520 billion, a 9% increase year-over-year, marking its 71st consecutive quarter of revenue growth. Operating income rose to $288 million, while net income fell 50% to $67 million, largely due to a $93 million loss on debt extinguishment. The company initiated a $1.85 billion debt capital raise, including $1.35 billion in green bonds. Annual guidance for revenue is set between $5.983 and $6.003 billion, with expectations for significant adjusted EBITDA growth.
The Global Interconnection Index (GXI) report from Equinix forecasts significant growth in private connectivity bandwidth driven by the COVID-19 pandemic. By 2023, digital service providers are expected to increase bandwidth fivefold, reaching over 10,000 Tbps. Overall interconnection bandwidth is projected to grow at a 45% CAGR from 2019 to 2023, equating to 64 zettabytes of data exchange. Traditional businesses are shifting towards edge-first architecture, with banking, insurance, and healthcare leading, while Latin America is set for the highest growth rate at 50%. Digital transformation is essential for competitive advantage.
Equinix (Nasdaq: EQIX) has launched Equinix Metal™, an automated bare metal service designed for digital businesses. This platform enables rapid deployment of infrastructure with integration to Equinix Cloud Exchange Fabric™, enhancing hybrid multicloud architectures. Initially available in four global metros, it will expand to 14 by 2021. With features like programmability and low-latency access, Equinix Metal aims to streamline deployment processes while leveraging Packet’s technology for improved performance and security, helping businesses gain a competitive edge in digital infrastructure.
Equinix (Nasdaq: EQIX) has announced a quarterly conference call scheduled for October 28, 2020, at 5:30 PM ET to discuss its third quarter results for the period ending September 30, 2020. Investors can join the call by dialing 1-517-308-9482 and using the passcode EQIX. A live webcast will also be available on the company's website under the Investor Relations section. A replay of the call will be accessible one hour after the call until February 10, 2021.
Equinix and Omantel have launched a new International Business Exchange™ (IBX®) data center in Barka, Oman, enhancing the region's digital infrastructure. The facility, MC1, will serve as a carrier-neutral hub for cloud providers and content providers, offering over 23,600 square feet of colocation space with future growth potential. Positioned as a regional interconnection hub, it provides direct access to submarine cable systems and caters to the rising demand for low-latency connections in the Middle Eastern market.
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.
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.
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