Equinix forecast first-quarter and annual revenue below estimates on Wednesday, hurt by a strong dollar amid rising concerns about hefty spending on data center expansion as businesses double down on generative AI adoption.
EQIX's Q4 earnings are likely to have gained from the growing demand for data centers with increasing digitization, though high interest expenses might have hurt.
Besides Wall Street's top -and-bottom-line estimates for Equinix (EQIX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Equinix (EQIX) closed at $936.50 in the latest trading session, marking a +1.32% move from the prior day.
The latest trading day saw Equinix (EQIX) settling at $922.13, representing a +1.53% change from its previous close.
EQIX is well-poised to benefit from a robust data center demand, recurring revenue model, expansion efforts and a healthy balance sheet.
Equinix, a leading digital infrastructure provider, operates 268 data centers globally, focusing on interconnection and collaboration. Equinix reported Q3 revenues of $2.2 billion, a 7% YoY increase, driven by recurring revenue and xScale fees. Despite needing costly upgrades, Equinix's industry-leading procurement and construction teams offsets some risks and supports expansion.
NEW YORK CITY, NY / ACCESSWIRE / January 14, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equinix, Inc. ("Equinix" or "the Company") (NASDAQ:EQIX). Investors who purchased Equinix securities prior to May 3, 2019, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EQIX.
NEW YORK CITY, NY / ACCESSWIRE / January 13, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equinix, Inc. ("Equinix" or "the Company") (NASDAQ:EQIX). Investors who purchased Equinix securities prior to May 3, 2019, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EQIX.
NEW YORK CITY, NY / ACCESSWIRE / January 12, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equinix, Inc. ("Equinix" or "the Company") (NASDAQ:EQIX). Investors who purchased Equinix securities prior to May 3, 2019, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EQIX.
NEW YORK CITY, NY / ACCESSWIRE / January 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equinix, Inc. ("Equinix" or "the Company") (NASDAQ:EQIX). Investors who purchased Equinix securities prior to May 3, 2019, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EQIX.
In 2024, AI and generative AI technologies drove unprecedented demand for data centers, with NVDA and EQIX emerging among key players. EQIX, a leading data center REIT, saw significant growth but faces challenges with high valuations and the need for costly upgrades to older facilities. Despite strong tailwinds, EQIX's current valuation appears unsustainable, with limited upside potential and risks of reversion to historical mean valuations.