Equinix (EQIX) came out with quarterly funds from operations (FFO) of $9.05 per share, beating the Zacks Consensus Estimate of $8.70 per share. This compares to FFO of $8.19 per share a year ago.
EQIX's Q3 earnings are likely to have gained from the growing demand for data centers with increasing digitization, though high interest rates might have hurt.
Equinix, a leading data center REIT, shows consistent growth and strong fundamentals. Our unique methodology provides a powerful strategy for identifying favorable risk-reward setups in stocks like EQIX. Accurate analysis in charts such as EQIX requires detailed work to avoid guesswork and ensure reliable market direction predictions.
Beyond analysts' top -and-bottom-line estimates for Equinix (EQIX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
In a world where diversification is preached, REITs offer a unique take. Instead of a basket of many REITs, hand-picking particular REITs from each sector is optimal. Equinix is an ideal buy due to its immense global reach, flexible balance sheets, and initiatives enhancing portfolio occupancy and energy efficiency. A precedent transactions analysis and a discounted cash flow analysis gives me a weighted par value of $884.67, a 0.9% upside from Equinix's share price at the time.
Equinix has raised $15 billion in funding to expand its xScale data centers for AI, particularly for investments in the U.S.
Data center firm Equinix is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday.
All three of these REITs have solid upside.
In the closing of the recent trading day, Equinix (EQIX) stood at $870.99, denoting a +1.17% change from the preceding trading day.
In the most recent trading session, Equinix (EQIX) closed at $867.70, indicating a +0.34% shift from the previous trading day.
Equinix, Inc. (NASDAQ:EQIX ) Citi's 2024 Global Technology, Media and Telecom Conference September 4, 2024 3:00 PM ET Company Participants Adaire Fox-Martin - President and CEO Conference Call Participants Mike Rollins - Citi Mike Rollins For Global TMT Conference. For those of you I haven't met, I'm Mike Rollins with Citi Research, and we're pleased to welcome Equinix's President and Chief Executive Officer, Adaire Fox-Martin.
Equinix (EQIX) reported earnings 30 days ago. What's next for the stock?