Latest news with #EquinixInc
The Star
07-05-2025
- Business
- The Star
Equinix plans expansion of its DC segment
PETALING JAYA: Equinix Inc is eyeing the expansion of its data centre (DC) facility in Malaysia following the completion of its KL1 International Business Exchange to meet the accelerating demand for digital infrastructure across the country. Equinix Malaysia, Asia-Pacific managing director Cheam Tat Inn said the company is in the early planning stages for its next DC, dubbed KL2, after having officially completed the second phase of the KL1 DC in Cyberjaya. 'We have seen encouraging momentum over the past year, with both our Kuala Lumpur and Johor facilities gaining traction among local and international businesses. 'Completing KL1's second phase within the first year of our operation in Malaysia signals our deep commitment to helping the nation become a strategic location in the region's digital economy,' he said during a media briefing at KL1 DC yesterday. He said Equinix's expansion in Malaysia represents a long-term investment in the nation's digital growth. — Bernama
New Straits Times
07-05-2025
- Business
- New Straits Times
Equinix plans expansion of data centre facility in Malaysia as demand grows
CYBERJAYA: Equinix Inc is eyeing the expansion of its data centre facility in Malaysia following the completion of its KL1 International Business Exchange (IBX) to meet the accelerating demand for digital infrastructure across the country. Equinix managing director of Malaysia, Asia Pacific, Cheam Tat Inn said the company is in the early planning stage for its next data centre, dubbed KL2, after officially completing the second phase of KL1 data centre here. "We have seen encouraging momentum over the past year, with both our Kuala Lumpur and Johor facilities gaining traction among local and international businesses. "Completing KL1's second phase within the first year of our operation in Malaysia signals our deep commitment to helping the nation become a strategic location in the region's digital economy," he said during a media briefing at KL1 data centre today. According to Cheam, Equinix's expansion in Malaysia represents a long-term investment in the nation's digital growth. In July last year, the digital infrastructure company announced the acquisition of land from Cyberview Sdn Bhd to expand its data centre capacity with an initial investment of RM23 million. "With growing interest across both Kuala Lumpur and Johor, we remain focused on empowering businesses with high-performance, scalable and sustainable infrastructure that is globally connected and cloud enabled. "We have interconnected Malaysia data centres (KL1 and JH1) with our existing data centre campus in Singapore via Equinix Fabric, creating a powerful cross-border digital ecosystem of more than 1,000 companies across cloud and network services, IT, financial services companies and enterprises within the region," Cheam added. The completion of phase two KL1 will add 450 cabinets to the facility since its launch in 2024 and will offer a total of over 4.5 megawatts (MW) capacity. This expansion, combined with Equinix's strong presence in Singapore and Johor as well as its forthcoming entry into Indonesia, the Philippines and Thailand, will allow businesses to interconnect and exchange data across the ASEAN region.
San Francisco Chronicle
30-04-2025
- Business
- San Francisco Chronicle
Equinix: Q1 Earnings Snapshot
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations. The Redwood City, California-based real estate investment trust said it had funds from operations of $947 million, or $9.67 per share, in the period. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $8.96 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 $343 million, or $3.50 per share. The data center operator, based in Redwood City, California, posted revenue of $2.23 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $2.22 billion. For the current quarter ending in June, Equinix said it expects revenue in the range of $2.24 billion to $2.26 billion. The company expects full-year funds from operations in the range of $37.36 to $38.17 per share, with revenue ranging from $9.18 billion to $9.28 billion. _____
Yahoo
17-04-2025
- Business
- Yahoo
Is Equinix Inc. (EQIX) the Best REIT Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Equinix Inc. (NASDAQ:EQIX) stands against other best REIT stocks to buy according to billionaires. Although the spring housing season started off with more sellers and increasing homes for sale as pointed out by the chief economist at Danielle Hale, home buyers are still facing a high cost of buying in addition to economic concerns thereby suggesting a rather 'sluggish response from buyers in early spring'. With regards to the tariff impact on real estate, the announcement of the new Trump tariffs resulted in a sell-off and a sharp drop in mortgage rates while homeowners and home buyers seized the moment, with mortgage applications moving to a six-month high. suggests that tariffs often translate into higher costs for the consumer. In the case of housing, the new tariffs could result in increased construction costs for homebuilders considering the fact that 10% of the building materials utilized in residential construction tend to be imported. Senior Economist Joel Berner emphasized the downside of these tariffs as he talked about many homebuyers being sidelined in case of a small rise in costs and stated: 'The US faces a supply gap of nearly 4 million homes, and the only long-term solution to this problem is to build them, but the implementation of these tariffs will make it more costly to do so, putting a question mark on whether they can be built at the lower price points that are most undersupplied' Although many economists still think that tariffs could lead to a recession which typically results in lower mortgage rates, another concern looming over real estate is that tariffs could keep inflation higher for longer which might lead to the Federal Reserve reversing or reducing future cuts to its policy rate which would keep mortgage rates higher for longer. To compile our list of the best REIT stocks to buy according to billionaires, we used Insider Monkey's exclusive database of billionaire stock holdings. Firstly, we shortlisted the most prominent REIT stocks using a stock screener and ETFs. Then, we selected the top 10 REIT stocks based on the highest number of billionaire investors, updated as of Q4 2024. For the stocks with the same number of billionaire holdings, we have used the total value of billionaire holdings as a secondary metric to rank the stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A team of IT professionals working on a digital platform, indicating the company's agile digital services. Equinix Inc. (NASDAQ:EQIX) serves as the world's digital infrastructure company. The company was founded in 1998 as a vendor-neutral multitenant data center provider and serves 73 markets across 34 countries, enabling businesses to scale across the world's largest network of interconnected data centers. Equinix Inc.'s (NASDAQ:EQIX) global ecosystem is bigger than its next 10 competitors combined and gives customers access to 2,000 network services, 3,000 cloud and IT services, and 400 content and digital media services. The REIT is well positioned to capitalize on future opportunities with digital infrastructure becoming crucial to delivering services globally. While the firm is focusing on the growing AI opportunity, it is delivering robust financial results and ended 2024 with revenues up 8% year-over-year. Equinix Inc. (NASDAQ:EQIX) is positioning itself as a leader in private AI infrastructure and distribution, with more than half of the top 25 deals in the REIT's retail business in 2024's fourth quarter focused on high-performance compute and AI workloads. Due to service providers aiming to boost their AI and cloud initiatives, the REIT's global xScale portfolio also witnessed strong leasing activity and demand in the preceding year. For the current year, the REIT's CEO Adaire Fox Martin believes that the pace of technological change is quick and the REIT has significant relevance to the market opportunity present, with AI being a major secular demand driver for its business. Overall, EQIX ranks 3rd on our list of best REIT stocks to buy according to billionaires. While we acknowledge the potential of the best REIT stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EQIX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Is Equinix Inc. (EQIX) the Best REIT Stock to Buy Now?
We recently compiled a list of the . In this article, we are going to take a look at where Equinix Inc. (NASDAQ:EQIX) stands against the other REIT stocks. While the mortgage rates have risen despite the Fed cutting rates, potential homebuyers are left with the choice to either postpone the homebuying or resort to current mortgage rates as well as elevated home prices. According to Freddie Mac, the 30-year fixed mortgage rate went above 7% in the week ended January 16. Experts are convinced that mortgage rates need to drop to 6% or lower for the housing market to come to life and rates above 7% deem the market dead where nobody is going to buy. Lee Baker, a member of CNBC's Financial Advisor Council, reiterated the adverse situation saying: 'If what you're hoping or wishing for is an interest rate at 4%, or housing prices to drop 20%, I personally don't think either one of those things is remotely likely in the near term' Another issue of concern has been the devastating wildfires in LA which have deepened its already existing housing shortage. Redfin reported that almost one of every six homes within the perimeters of the Palisades and Eaton fires have either been damaged, destroyed or are inaccessible. Meanwhile, the prices in the rental markets with more displaced turning to them. According to the New York Times, the affectees would find it hard to find accommodation in a metro area that already had a shortage of around 337,000 homes, as of 2022. Data from the Los Angeles Department of Building and Safety reveals that apartment units approved by the city of Los Angeles dropped to a 10-year low in 2024. Victor M. Gordo, the mayor of Pasadena, exclaimed the issue at hand as follows: 'One of the biggest challenges ahead will be getting people who lost their homes into permanent, long-term housing'In order to compile a list of the 12 best REIT stocks to buy now, we first use a stock screener to make an extended list of the relevant companies with the highest market caps. Moving on, we shortlisted the top 12 stocks from our list which had the highest number of hedge fund holders. The 12 best REIT stocks to buy now have been arranged in ascending order of their hedge fund holders as of Q3. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A team of IT professionals working on a digital platform, indicating the company's agile digital services. Equinix Inc. (NASDAQ:EQIX) serves as the world's digital infrastructure company. The company was founded in 1998 as a vendor-neutral multitenant data center provider and serves 73 markets across 34 countries, enabling businesses to scale across the world's largest network of interconnected data centers. An unrivaled global reach and differentiated global platform with $41 billion of invested capital is the EQX competitive advantage. The REIT gives customers access to 2,000 network services, 3,000 cloud and IT services, and more than 400 content and digital media services. While the robust demand for AI-enabling digital infrastructure from diverse customers strengthens the firm's leadership position, Equinix continues to make extensive investments across its global operations to support customers' digital infrastructure needs with 57 major projects underway across 22 countries, as of 2024's third quarter. EQX has the privilege of witnessing 87 consecutive quarters of top-line revenue growth, the longest streak of any S&P500 company. Equinix Inc. (NASDAQ:EQIX) is well positioned to capitalize on future opportunities with digital infrastructure becoming crucial to delivering services globally. Overall EQIX ranks 2nd on our list of the best While we acknowledge the potential of EQIX as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than EQIX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
