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Stock Details
  • PRICE$448.03
  • PRICE CHANGE$12.08
  • % CHANGE2.77%
  • TWEETS4
  • CONSENSUSBUY

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BUY

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  •  Strong Buy
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  •  Hold
  •  Sell
  •  Strong Sell

DAILY PRICE CHANGE VS SENTIMENT

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Benefits

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Disclaimer: Past performance may not be indicative of future results. Therefore, you should assume that the future performance of any specific investment, investment strategy (including robo-strategies), or product made in reference directly or indirectly on this website, will be profitable or equal to corresponding indicated performance levels. Robot-Advisors like other investment methods rely on favorable market conditions to provide positive outcomes.

EQUINIX, INC. (EQIX) News

Equinix reports 3Q results

REDWOOD CITY, Calif. (AP) _ Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations.

The real estate investment trust, based in Redwood City, California, said it had funds from operations of $391.3 million, or $4.97 per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $4.69 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $79.9 million, or $1.02 per share.

The data center operator, based in Redwood City, California, posted revenue of $1.15 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.14 billion.

For the current quarter ending in December, Equinix said it expects revenue in the range of $1.19 billion to $1.2 billion.

The company expects full-year revenue of $4.36 billion.

The company's shares have climbed 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $467.06, a climb of 34 percent in the last 12 months.

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