Equinix Analysts Highlight AI Potential Despite Soft Guidance
Earnings Report Overview: Equinix, Inc. reported a fourth-quarter earnings miss with funds from operations (FFO) of $7.92 and revenue of $2.26 billion, both below estimates. Despite this, the Board raised the quarterly cash dividend by 10% to $4.69 per share.
Analyst Ratings and Future Outlook: Analysts maintain positive ratings on Equinix, citing strong long-term growth potential driven by AI and cloud demand, despite short-term capacity and supply chain risks. Price forecasts have been adjusted, with Oppenheimer raising its target to $975 and Goldman Sachs viewing current stock prices as a buying opportunity.
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Equinix Analysts Highlight AI Potential Despite Soft Guidance
Earnings Report Overview: Equinix, Inc. reported a fourth-quarter earnings miss with funds from operations (FFO) of $7.92 and revenue of $2.26 billion, both below estimates. Despite this, the Board raised the quarterly cash dividend by 10% to $4.69 per share.
Analyst Ratings and Future Outlook: Analysts maintain positive ratings on Equinix, citing strong long-term growth potential driven by AI and cloud demand, despite short-term capacity and supply chain risks. Price forecasts have been adjusted, with Oppenheimer raising its target to $975 and Goldman Sachs viewing current stock prices as a buying opportunity.
Equinix Turbocharges AI And Cloud Growth With $15B Joint Venture: Expanding xScale Data Centers Worldwide
Equinix Joint Venture Announcement: Equinix, Inc. has formed a joint venture with GIC and CPP Investments to raise over $15 billion for expanding its xScale data center portfolio, with each partner holding specific equity stakes in the venture.
Investment and Capacity Expansion: The joint venture aims to significantly increase Equinix's investment capital for hyperscale data centers, targeting over 1.5 gigawatts of capacity across multiple U.S. campuses by the end of 2024, driven by rising demand for AI and cloud services.
What's Going On With Data Center REIT Equinix Stock Today?
Equinix Analysts Highlight AI Potential Despite Soft Guidance
Earnings Report Overview: Equinix, Inc. reported a fourth-quarter earnings miss with funds from operations (FFO) of $7.92 and revenue of $2.26 billion, both below estimates. Despite this, the Board raised the quarterly cash dividend by 10% to $4.69 per share.
Analyst Ratings and Future Outlook: Analysts maintain positive ratings on Equinix, citing strong long-term growth potential driven by AI and cloud demand, despite short-term capacity and supply chain risks. Price forecasts have been adjusted, with Oppenheimer raising its target to $975 and Goldman Sachs viewing current stock prices as a buying opportunity.
Equinix Turbocharges AI And Cloud Growth With $15B Joint Venture: Expanding xScale Data Centers Worldwide
Equinix Joint Venture Announcement: Equinix, Inc. has formed a joint venture with GIC and CPP Investments to raise over $15 billion for expanding its xScale data center portfolio, with each partner holding specific equity stakes in the venture.
Investment and Capacity Expansion: The joint venture aims to significantly increase Equinix's investment capital for hyperscale data centers, targeting over 1.5 gigawatts of capacity across multiple U.S. campuses by the end of 2024, driven by rising demand for AI and cloud services.
What's Going On With Data Center REIT Equinix Stock Today?
