Goldman Lowers Guidance For Equinix

from Benzinga:

Goldman Sachs is lowering guidance on Equinix, Inc. and maintaining its Neutral rating.

In its report, Goldman Sachs writes "After the market close on Tuesday, Equinix updated revenue and EBITDA guidance for 3Q and 2010. Revenue in 3Q is expected to be $328M-$330M (from $335M-$338M). For the full year, revenue of $1,215M is $10M-$20M below prior guidance. Despite the lower revenue, EBITDA in 3Q10/2010 of $140M/$540M is expected to be at or above prior guidance."

Goldman Sachs has lowered its price target from $96 to $90.