Tuesday, November 22, 2011

Wells Fargo Starts Equinix (EQIX) at Outperform

from www.streetinsider.com:

>Wells Fargo initiates coverage on Equinix with an Outperform. PT range $123-$131.

Wells analyst says, "In our opinion, the network-neutral data center space represents a safe, derivative play on the continued growth of IP and Internet traffic. Near term, we think retail pricing is relatively stable and that demand trends remain strong. As a result, we think EQIX has the potential to exceed EBITDA estimates in 2012. Additionally, expansion initiatives and its continued ability to scale margins could provide a catalyst to EQIX shares longer term. Lastly, the potential to reallocate cash to shareholders and achieve positive FCF in 2013 should create an opportunity for multiple expansion. Introducing 2011E EBITDA/share est of $15.14 and 2012E of $17.54."

Equinix Is Preferred Choice For Sanofi’s Data Center Operations In Asia-Pacific

Sanofi now able to deliver business critical applications and drive higher levels of collaboration and service

Singapore — November 22, 2011 Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that Sanofi, a global and diversified healthcare leader, has joined Platform Equinix™, consolidating its data center operations in Asia-Pacific from six data centers into just one. Sanofi will deploy its most critical applications from Equinix’s International Business Exchange™ (IBX®) data center, supporting business operations from a private cloud to provide a stable operating environment with higher levels of collaboration and performance.

Equinix in Asia-Pacific was selected for its secure, high-connectivity, high-availability and power-dense data center environment. The 10GB dark fiber connectivity and high power density of up to 8kVA allows Sanofi to deploy a full range of software and business critical applications to its offices from a single location within Asia-Pacific. The ability to provide employees with fast access to Enterprise Resource Planning (ERP), email servers and financial applications has given Sanofi the technological boost needed to drive a consistent level of service to customers and partners within the region and across the globe.

Charles Guiocheau, head of APAC-J Regional Service Delivery at Sanofi, said, “Our business strategy to consolidate operations within a two-month timeframe meant that we had very specific requirements for power, connectivity, security and availability. Equinix was the only provider in Asia-Pacific that could meet our stringent requirements. The team’s willingness and flexibility made it extremely easy for us to start operations in the short timeframe. The high level of connectivity provided in Equinix’s IBX data centers was a key reason behind our choice of provider. This allowed our servers in Asia-Pacific to connect to other global Sanofi servers, providing the option for increased business flexibility and on-demand scalability when required.”

“We are pleased to have Sanofi join Platform Equinix and help the company to accelerate business collaboration while maintaining a competitive edge in the healthcare industry. This clearly demonstrates our capabilities to provide a high level of professional service and connectivity to customers across a wide range of industry verticals,” said Samuel Lee, president, Equinix Asia-Pacific. “Sanofi can further benefit with access to Equinix Marketplace, which allows businesses to create custom profiles, search for and discover new service providers and partners. Buyers like Sanofi can reduce time-to-market when integrating with new partners and distributing healthcare solutions, further cutting costs while improving the performance and efficiency of their digital supply chains.”

Equinix has 11 data centers across five key markets in Asia Pacific, including Singapore, Hong Kong, Tokyo, Sydney and Shanghai. The company services more than 880 customers in the region, including enterprise customers such as Kodak, IKEA, Polycom and Nokia.