“Equinix provides hubs and nodes at the edge of networks that should sustain premium value overtime, making it the enabler for digitization of the global economy,” Benchmark writes. “Equinix reiterated it will not go up the IT stack but remain a colocation and interconnection company. We maintain our Buy rating.”
The J.P. Morgan analysts cited the company's recently reported earnings report, which was in-line with the expectations.
With revenues down, low visibility, an improving but still-cautious hospital capex market, and increased competition, the analysts do not see a near-term catalyst for either multiple expansion or an inflection toward profitability and as the stock is most likely to remain range-bound in the near-term.
As for valuation, the analysts noted, “We value ARAY on an EV/CY11E sales basis, and apply a 0.9x multiple (discount to the peer group) to our CY11 sales estimate to arrive at our Dec 2011 price target of $6.”
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Gravitas has increased its colocation capacity at the Equinix facility in New Jersey nearly 400 percent in two years, and now hosts several dozen asset management clients.
Gravitas also announced the opening of a colocation facility near the Chicago Mercantile Exchange, which allows the firm to host both client production and disaster recovery infrastructure within its data centers, in addition to providing proximity services for exchange access.
Companies are now able to utilize Gravitas for end-to-end infrastructure services. One of the initial clients at the Chicago colocation facility, GTIS Partners, works with Gravitas at both of its data centers. Gravitas hosts the firm's production infrastructure in one data center, and its disaster recovery site in the other. "We've trusted Gravitas' expertise to build, maintain, and host our primary and backup infrastructures in their world-class data centers," said Steven Gorey, Managing Director and Chief Operating Officer of GTIS.
Gravitas CEO Jayesh Punater said GTIS is part of a new generation of asset managers that are paying increasing attention to how their business is operating, and outsourcing more functions to third-party providers. "We are relieving funds of the need to worry about the safety of their infrastructure, data, and business applications," Punater said. "Gravitas is proud to be able to offer world-class data center facilities to its clients, paralleling our superior, high-touch service."
Sales were brisk at all four of the top U.S. operators who sell the phones, Chief Marketing Officer Paul Golden said. The phones are based on Google Inc' Android software.
"We're in a situation where we wish we had more supply," Golden told Reuters at the sidelines of an event where the phonemaker unveiled a new Galaxy S phone.
Mr Andrews said the Australian-first technology would be up and running by the end of next year and would be used to treat about 200 patients in its first year.
The system administers radiotherapy with pinpoint accuracy, allowing doctors to target cancers in complex locations with big doses of radiation.
"We are committed to providing Victorians with world-class health services and the best treatment that will lead to increased cancer survival rates," Mr Andrews said.
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