We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equinix to Expand Cloud Exchange in 3 European Markets
Read MoreHide Full Article
Expansion in important markets has been an important part of Equinix Inc.'s (EQIX - Free Report) core strategy. In this regard, Equinix recently revealed its plans of expanding the accessibility of Equinix Cloud Exchange in Europe, which includes three new markets (Dublin, Milan and Stockholm). This will enable the company to meet the fast-growing demand for security and data services globally.
This will also help Equinix offer customers the benefit of its cloud infrastructure, including a secure connection, outstanding scalability and infrastructure dependability.
The Equinix Cloud Exchange provides seamless, on-demand and direct access to multiple clouds, across multiple global networks. These virtual circuit connections allow customers to use the cloud of their choice with dedicated, low-latency connections.
Also, the expansion will enable Equinix’s customers to gauge the performance of application-based platforms from secure International Business Exchange (IBX) data centers. This new solution will enhance user satisfaction and help Equinix expand its customer base and market share.
Bottom Line
Equinix remains positive on the growing demand for data centers. To this end, the global interconnection and data center company is expanding its IBX data centers globally and gaining popularity among tech companies looking for data management. Thus, the company expects its total addressable market for retail data centers to increase at a CAGR of 8% from 2013 to 2017 and reach $24 billion. Based on this, Equinix projects a revenue growth rate of 10% through 2017.
Therefore, we believe that by expanding its data center assets, Equinix will be in a better position to capitalize on this opportunity. Moreover, the expansion will help the company to further strengthen its global footprint and bring in additional revenues.
Shares of Equinix have been trading higher on a year-to-date basis. The stock returned approximately 7.3% compared with the Zacks REIT-Equity Trust industry’s loss of 4%.
Nonetheless, Equinix competes with established communications carriers such as AT&T (T - Free Report) , Level 3 Communications and Verizon Communications (VZ - Free Report) , which also operate date centers.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Equinix to Expand Cloud Exchange in 3 European Markets
Expansion in important markets has been an important part of Equinix Inc.'s (EQIX - Free Report) core strategy. In this regard, Equinix recently revealed its plans of expanding the accessibility of Equinix Cloud Exchange in Europe, which includes three new markets (Dublin, Milan and Stockholm). This will enable the company to meet the fast-growing demand for security and data services globally.
This will also help Equinix offer customers the benefit of its cloud infrastructure, including a secure connection, outstanding scalability and infrastructure dependability.
The Equinix Cloud Exchange provides seamless, on-demand and direct access to multiple clouds, across multiple global networks. These virtual circuit connections allow customers to use the cloud of their choice with dedicated, low-latency connections.
Also, the expansion will enable Equinix’s customers to gauge the performance of application-based platforms from secure International Business Exchange (IBX) data centers. This new solution will enhance user satisfaction and help Equinix expand its customer base and market share.
Bottom Line
Equinix remains positive on the growing demand for data centers. To this end, the global interconnection and data center company is expanding its IBX data centers globally and gaining popularity among tech companies looking for data management. Thus, the company expects its total addressable market for retail data centers to increase at a CAGR of 8% from 2013 to 2017 and reach $24 billion. Based on this, Equinix projects a revenue growth rate of 10% through 2017.
Therefore, we believe that by expanding its data center assets, Equinix will be in a better position to capitalize on this opportunity. Moreover, the expansion will help the company to further strengthen its global footprint and bring in additional revenues.
Shares of Equinix have been trading higher on a year-to-date basis. The stock returned approximately 7.3% compared with the Zacks REIT-Equity Trust industry’s loss of 4%.
Nonetheless, Equinix competes with established communications carriers such as AT&T (T - Free Report) , Level 3 Communications and Verizon Communications (VZ - Free Report) , which also operate date centers.
Currently, Equinix carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>