A full sale may also allow ICE to offload other assets, such as NYSE’s European technology assets. They include a 25 per cent stake
in UK trading technology company Fixnetix and Euronext’s London data
centre. Besides Euronext’s stock trading assets, the site also hosts
trading venues owned by Goldman Sachs and Société Générale. However the
site, which cost $500m to build and is equal to the size of seven
football pitches, is only half-full.
Equinix,
a US data centre provider, made a $125m offer for the site to NYSE
Euronext last autumn, and although it was rebuffed, Equinix’s interest
remains serious, two people with the situation have said.
Showing posts with label equinix. Show all posts
Showing posts with label equinix. Show all posts
Monday, June 24, 2013
Wednesday, February 27, 2013
Not All Data Center Stocks Are Created Equal
Read the whole post at Seeking Alpha:
>>Last week Barron's analyst Tiernan Ray took a very critical look at the valuations some data center stocks have achieved on Wall Street:
>>Last week Barron's analyst Tiernan Ray took a very critical look at the valuations some data center stocks have achieved on Wall Street:
Adjusted for Reality, Neither Rackspace nor Equinix ShineThe article ended with an Equinix (EQIX) related prediction:
As I said, the market last week punished Rackspace (RAX) for failing to live up to the loftiest expectations [the stock fell 20% post-earnings], largely because the nature of a REIT is to keep demonstrating Ebitda growth that will some day support massive borrowing, and fat dividends.
It's the same thing that has pushed down Digital Realty (DLR) and Dupont Fabros (DFT) shares of late.
In the meantime, given that this is all fantasy profit, Equinix shares will continue to trade based on whether they can deliver upside each quarter, however slight. If not, the pricey stock may face a bit of a Rackspace reaction.We disagree with several conclusions in the article, but as we also believe that data center multiples deserve to be investigated and better explained to investors, we'll use Barron's analysis as a starting point to add our two cents.
Monday, December 17, 2012
Equinix's Journey From IPO To The Nasdaq 100 Through Near Bankruptcy
Read the whole article at Seeking Alpha:
>On Friday night, the NASDAQ OMX Group, Inc. (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 Index, which will become effective prior to market open on Monday, December 24, 2012. Among the most recent inclusion is Equinix (EQIX), the worldwide leader in the network-neutral colocation business, a company whose birth, survival through the dot-com bubble burst and impressive growth afterwards is one of the most interesting stories in the Telecom sector.
>On Friday night, the NASDAQ OMX Group, Inc. (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 Index, which will become effective prior to market open on Monday, December 24, 2012. Among the most recent inclusion is Equinix (EQIX), the worldwide leader in the network-neutral colocation business, a company whose birth, survival through the dot-com bubble burst and impressive growth afterwards is one of the most interesting stories in the Telecom sector.
Background
Equinix was founded in 1998 by Jay Adelson and Al Avery, with the aim to provide secure physical connection points where networks, content providers and enterprises could interconnect through a neutral party to avoid the competing interests of telecommunication providers.
Thursday, December 13, 2012
Data Center Related Stocks Close Mixed In November And After Q3 Earnings
Read the whole article at Seeking Alpha:
>>Companies under our radar screen in the data center and CDN sector closed mixed in November, after experiencing, as a group, strong declines in October, when all stocks but Telecity Group were in the red.
Post-earnings performance was also mixed, as most data center related stocks closed negatively after announcing Q3 numbers, and four companies only showed some sort of moderate upside.
Q3 2012 post-earnings performance
Here is a quick look at how each individual company performed after announcing Q3 earnings:
>>Companies under our radar screen in the data center and CDN sector closed mixed in November, after experiencing, as a group, strong declines in October, when all stocks but Telecity Group were in the red.
Post-earnings performance was also mixed, as most data center related stocks closed negatively after announcing Q3 numbers, and four companies only showed some sort of moderate upside.
Q3 2012 post-earnings performance
Here is a quick look at how each individual company performed after announcing Q3 earnings:
Monday, December 10, 2012
Piper Jaffray Reiterates Overweight Rating, $225 PT on Equinix
In a report published Monday, Piper Jaffray & Co. reiterated its
Overweight rating and $225.00 price target on Equinix (NASDAQ: EQIX [FREE Stock Trend Analysis]).
Piper Jaffray noted, “We believe Equinix will be another top performing stock in '13. While the stock is up 86% over the past 12 months, we believe there are a number of positive fundamental reasons the business will continue to perform. The secular trend to outsourced IT is not changing, enhanced by the cyclical trend to asset-light, and supply/demand trends are favorable. Equinix's conversion to REIT process could act as a catalyst, and we believe the company is set up for continued positive estimate revisions. We are re-iterating our Overweight rating, and consider Equinix to be a top idea within our coverage universe.”
Piper Jaffray noted, “We believe Equinix will be another top performing stock in '13. While the stock is up 86% over the past 12 months, we believe there are a number of positive fundamental reasons the business will continue to perform. The secular trend to outsourced IT is not changing, enhanced by the cyclical trend to asset-light, and supply/demand trends are favorable. Equinix's conversion to REIT process could act as a catalyst, and we believe the company is set up for continued positive estimate revisions. We are re-iterating our Overweight rating, and consider Equinix to be a top idea within our coverage universe.”
Evercore's List Of Tech Picks For 2013
from Forbes:
>>Telecom and data center services analyst Jonathan Schildkraut picks Equinix, with a target of $245. “The most attractive investment in our coverage universe for CY13, underpinned by strong fundamentals, REIT conversion and an attractive valuation.”
>>Telecom and data center services analyst Jonathan Schildkraut picks Equinix, with a target of $245. “The most attractive investment in our coverage universe for CY13, underpinned by strong fundamentals, REIT conversion and an attractive valuation.”
Wednesday, December 5, 2012
Winners And Losers From This Year's Nasdaq-100 Reconstitution
from www.zerohedge.com:
>>This year, we anticipate 8 pairs of Additions to and Deletions from the NASDAQ-100 index.
>>This year, we anticipate 8 pairs of Additions to and Deletions from the NASDAQ-100 index.
- 8 Additions: KRFT, REGN, LMCA, ADI, CTRX, EQIX, LBTYA, DISCA
- 8 Deletions: APOL, WCRX, GMCR, EA, FLEX, RIMM, NFLX, MRVL
NLX Leverages Genium Inet, Equinix For Low Latency
from http://low-latency.com/:
>> Nasdaq OMX's planned London-based NLX derivatives exchange will leverage the exchange group's own Genium Inet technology to ensure low-latency matching. The exchange will base its primary matching engine at Equinix's popular LD4 facility in Slough, west of London, where co-lo facilities will be available.
>> Nasdaq OMX's planned London-based NLX derivatives exchange will leverage the exchange group's own Genium Inet technology to ensure low-latency matching. The exchange will base its primary matching engine at Equinix's popular LD4 facility in Slough, west of London, where co-lo facilities will be available.
Tuesday, December 4, 2012
CBOE Moves To Equinix's NY4 Data Center: It's All About Location, Network Availability, Proximity
Read the whole article at Seeking Alpha:
>>Equinix (EQIX) today announced that CBOE Holdings (CBOE) - home of the largest and oldest U.S. options exchange ― moved its CBOE Command trading engine platform to Equinix's NY4 data center in the New York metro area.
The decision follows a similar move made in July 2011 and related mainly to the CBOE Stock Exchange [CBSX].
The transition happened during the weekend, as explained in CBOE's Information Circular IC12-103:
>>Equinix (EQIX) today announced that CBOE Holdings (CBOE) - home of the largest and oldest U.S. options exchange ― moved its CBOE Command trading engine platform to Equinix's NY4 data center in the New York metro area.
The decision follows a similar move made in July 2011 and related mainly to the CBOE Stock Exchange [CBSX].
The transition happened during the weekend, as explained in CBOE's Information Circular IC12-103:
Tuesday, November 27, 2012
NYSE Is Looking To Increase Data Center Returns
from www.datacenterjournal.com:
>>The transatlantic exchanges operator, NYSE Euronext, is looking at enhancing the returns from its data center near London. It is achieving this goal by monetizing space by allowing rival data centers and other investment groups to operate spare capacity. NYSE Euronext has also initiated conversations with Equinix for filling up unused space.
>>The transatlantic exchanges operator, NYSE Euronext, is looking at enhancing the returns from its data center near London. It is achieving this goal by monetizing space by allowing rival data centers and other investment groups to operate spare capacity. NYSE Euronext has also initiated conversations with Equinix for filling up unused space.
Tuesday, November 13, 2012
Data Center-Related Stocks Sell Off In October
Read the whole article at Seeking Alpha:
>>Data center-related stocks had their worst monthly performance in the last two years, but most of them still remain a positive investment on a year-to date basis.
Monthly performance
Here is a quick look at how each stock under our radar screen performed in October 2012:
>>Data center-related stocks had their worst monthly performance in the last two years, but most of them still remain a positive investment on a year-to date basis.
Monthly performance
Here is a quick look at how each stock under our radar screen performed in October 2012:
Friday, November 9, 2012
Raymond James Gives Strong-Buy Rating to Equinix (EQIX)
from www.dailypolitical.com:
>>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.
>>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)
from www.dailypolitical.com:
>>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.
>>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
Equinix and Capita announce marketing alliance in Europe
from www.fx-mm.com:
>>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.
>>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.
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:
>>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.
Thursday, October 25, 2012
Equinix Stock Rating Upgraded by Citigroup (EQIX)
from www.jagsreport.com:
>>Citigroup upgraded shares of Equinix (NASDAQ: EQIX) from a neutral rating to a buy rating in a report issued on Thursday.
“We are upgrading shares of EQIX to a Buy rating with an unchanged target price of $216 based on its favorable revenue growth prospects heading into 2013, rising returns on gross invested capital, forward valuation metrics that remain at a discount to most of the publicly-traded data centers & tower operators, & potential to improve its tax efficiency by pursuing conversion into a REIT structure.,” Citigroup’s analyst wrote.
>>Citigroup upgraded shares of Equinix (NASDAQ: EQIX) from a neutral rating to a buy rating in a report issued on Thursday.
“We are upgrading shares of EQIX to a Buy rating with an unchanged target price of $216 based on its favorable revenue growth prospects heading into 2013, rising returns on gross invested capital, forward valuation metrics that remain at a discount to most of the publicly-traded data centers & tower operators, & potential to improve its tax efficiency by pursuing conversion into a REIT structure.,” Citigroup’s analyst wrote.
Sunday, October 21, 2012
A Historical Look At Post-Earnings Performance For Data Center Related Stocks
Read the whole article at Seeking Alpha:
>>Throughout the years, here at Nortia Research we've gathered several data about data center related stocks, including past performances post-earnings.
As Q3 2012 earnings season opens this week, it may be interesting to have a look at some of these data with a slightly different approach, to see if some investing strategies may be implemented in anticipation of repeated patterns.
Past Performance Is Not an Indication of Future Results
Having reminded that past performances are no guarantee for the future, the chart presenting how the companies under our radar screen behaved post-earnings in the last 6 quarters shows some interesting data:
>>Throughout the years, here at Nortia Research we've gathered several data about data center related stocks, including past performances post-earnings.
As Q3 2012 earnings season opens this week, it may be interesting to have a look at some of these data with a slightly different approach, to see if some investing strategies may be implemented in anticipation of repeated patterns.
Past Performance Is Not an Indication of Future Results
Having reminded that past performances are no guarantee for the future, the chart presenting how the companies under our radar screen behaved post-earnings in the last 6 quarters shows some interesting data:
Friday, October 19, 2012
One big cluster: How CloudFlare launched 10 data centers in 30 days
from http://arstechnica.com:
>> As a result, the company's "data centers" are usually at most a few racks of hardware, installed at co-location facilities that are major network exchange points. Prince said that most of his company's data centers are set up at Equinix IBX co-location facilities in the US, including CloudFlare's primary facility in San Jose—a facility also used by Google and other major cloud players as an on-ramp to the Internet.
>> As a result, the company's "data centers" are usually at most a few racks of hardware, installed at co-location facilities that are major network exchange points. Prince said that most of his company's data centers are set up at Equinix IBX co-location facilities in the US, including CloudFlare's primary facility in San Jose—a facility also used by Google and other major cloud players as an on-ramp to the Internet.
Tuesday, October 16, 2012
Equinix CTO Lane Patterson joined business and technology journalist Stephen Pritchard
from GigaOM:
>>According to Equinix CTO Lane Patterson, CIOs are still learning what can and what can’t be done in the cloud. Ultimately, it’s a matter of trust.
>>According to Equinix CTO Lane Patterson, CIOs are still learning what can and what can’t be done in the cloud. Ultimately, it’s a matter of trust.
New Clustrix Relationship with Equinix Expands Global Reach of its Database-as-a-Service (DBaaS) Offerings
First Mission-critical, Scale-Out DBaaS Now on the European Continent
Equinix's
Amsterdam data center is the ideal venue for Clustrix's
Database-as-a-Service (DBaaS) debut in Europe. Equinix's co-location
data center services and world-class security combined with low-latency
access of Clustrix's mission-critical, high-performance DBaaS is an
ideal solution for fast growing companies in Europe.
"With more than one-third of our customers and strategic cloud partners located in Europe, the Equinix infrastructure is a natural fit for the deployment and delivery of Clustrix's DBaaS," said Roland Schmidt, Sr. Director of Business Development at Clustrix.
"Equinix is pleased to be working with Clustrix to expand its reach to European customers and cloud partners. By deploying innovative new services from Equinix hubs, Clustrix is taking advantage of a confluence of bandwidth providers and complementary cloud services to meet the needs of European customers, expand its global reach, and scale rapidly in line with growing customer demand," said Lane Patterson, CTO at Equinix.
The Equinix relationship is a foundational element of Clustrix's scale-out SQL solution for Big Data applications around the globe. As part of the Equinix ecosystem, Europe-based Clustrix customers can scale-out their services while simultaneously reaping the benefits of stable pricing. Amsterdam's emergence as Europe's leading location for hosting, Infrastructure-as-a-Service (IaaS) and cloud presence facilitates global expansion of Clustrix's customer relationships and strategic partnerships, such as that with GoGrid, which deploys its cloud at Equinix in Amsterdam. This enables Clustrix's DBaaS presence in GoGrid's Amsterdam cloud with the same proximity, low latency, high performance, and superior SLA delivery as in GoGrid's San Francisco-based cloud.
With Equinix's worldwide and world-class data center reach, Clustrix rapidly extends the deployment and delivery of its DBaaS in Amsterdam today and wherever business demand dictates in the future. For mission-critical DBaaS needs on an infrastructure commensurate with the levels of quality, reliability and availability enterprise customers require, visit Clustrix at: http://www.clustrix.com
"With more than one-third of our customers and strategic cloud partners located in Europe, the Equinix infrastructure is a natural fit for the deployment and delivery of Clustrix's DBaaS," said Roland Schmidt, Sr. Director of Business Development at Clustrix.
"Equinix is pleased to be working with Clustrix to expand its reach to European customers and cloud partners. By deploying innovative new services from Equinix hubs, Clustrix is taking advantage of a confluence of bandwidth providers and complementary cloud services to meet the needs of European customers, expand its global reach, and scale rapidly in line with growing customer demand," said Lane Patterson, CTO at Equinix.
The Equinix relationship is a foundational element of Clustrix's scale-out SQL solution for Big Data applications around the globe. As part of the Equinix ecosystem, Europe-based Clustrix customers can scale-out their services while simultaneously reaping the benefits of stable pricing. Amsterdam's emergence as Europe's leading location for hosting, Infrastructure-as-a-Service (IaaS) and cloud presence facilitates global expansion of Clustrix's customer relationships and strategic partnerships, such as that with GoGrid, which deploys its cloud at Equinix in Amsterdam. This enables Clustrix's DBaaS presence in GoGrid's Amsterdam cloud with the same proximity, low latency, high performance, and superior SLA delivery as in GoGrid's San Francisco-based cloud.
With Equinix's worldwide and world-class data center reach, Clustrix rapidly extends the deployment and delivery of its DBaaS in Amsterdam today and wherever business demand dictates in the future. For mission-critical DBaaS needs on an infrastructure commensurate with the levels of quality, reliability and availability enterprise customers require, visit Clustrix at: http://www.clustrix.com
Read more here: http://www.heraldonline.com/2012/10/16/4339343/new-clustrix-relationship-with.html#storylink=cpy
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