>>Key issues we are watching into the quarter: Guidance. We expect EQIX to raise ‘11 guidance to reflect the closing of its Brazil acquisition and improved visibility into 2H11 growth. Our '11 revenue of $1.586b compares to guidance of ‘greater than' $1.525b and the Street at $1.536b; our adj. EBITDA of $712m compares to guidance of ‘greater than' $685m and consensus of $694m. We note that our estimates reflect an 8-mo. contribution from the Brazilian acquisition. We see upside to numbers based on expectations for increasing positive contributions from the SDXC footprint, a ramping marketing effort, and continued strong demand."
Bank of America rated Equinix a BUY with a price target of $130.00.
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