Friday, November 9, 2012

Raymond James Gives Strong-Buy Rating to Equinix (EQIX)


>>Equinix (NASDAQ: EQIX)‘s stock had its “strong-buy” rating reiterated by investment analysts at Raymond James in a note issued to investors on Monday. They currently have a $230.00 target price on the stock.

Barclays Capital Sets Equinix Price Target at $225.00 (EQIX)


>>Analysts at Barclays Capital lifted their price target on shares of Equinix (NASDAQ: EQIX) from $185.00 to $225.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock.

Thursday, November 8, 2012

Samsung Galaxy S III dethrones iPhone 4S as smartphone sales champ for Q3 2012

from Engadget: 

>>Samsung claimed the pole position by shipping 18 million copies of its flagship handset during the quarter, compared to Cupertino's 16.2 million iPhone 4S units.

Equinix and Capita announce marketing alliance in Europe


>>Equinix, Inc., the global interconnection and data center company, and Capita IT Services, a leading provider of outsourced, managed IT services, today announced a regional marketing alliance to provide European clients with international hosting and data centre support. Through the alliance, Capita’s clients will have the option of deploying into Equinix data centres around the world.

Wednesday, November 7, 2012

Immersion: Progress In China, Still A Waiting Game

Read the whole article at Seeking Alpha: 

>>Last week Immersion Corporation (IMMR) reported Q3 2012 results and updated investors about its latest achievements.

Financial highlights
  • Total revenues in Q3 2012 were $7.1 million, an increase of 10% Y/Y;
  • Royalty and license revenues of $6.4 million were up 8% from Y/Y;
  • Net loss for the third quarter of 2012 was $(3.0) million, or $(0.11) per share;
  • Adjusted EBITDA in Q3 was $(1.6) million, as compared to $454,000 in Q3 2011;
  • Gross profit was $6.9 million or 96% of revenues;

Tuesday, November 6, 2012

Equinix Delivers Another Solid Quarter, Completes Sale Of 16 Data Centers, Enjoys Strong Pricing

Read the whole article at Seeking Alpha: 

>>Last week Equinix (EQIX) delivered another strong quarter, and set initial guidance for continued growth in 2013.

Here are some of the highlights from Q3 2012:
  • Revenues from continuing operations were $488.7 million, a 7% increase Q/Q and a 20% increase Y/Y;
  • Cash gross profits were 68% in the quarter;
  • Adjusted EBITDA came at $ 228.3 million, or 47% of revenues, a 5% increase Q/Q and a 22% increase Y/Y;
  • Net income attributable to Equinix was $28.8 million, or a basic net income per share of $0.60 and a diluted net income per share of $0.58;
  • Cash equivalents and investments were $519.8 million at quarter end;
  • Churn was 2.9%, an improvement from Q2 2012, but still relatively high, as the company continues, especially in the US, its pro-active churn targeting data center optimization.