Equinix, Inc. (EQIX - Free Report) continuously thrives to help businesses advance their digital transformation journeys and gain a competitive edge. In recent efforts, the company strengthened its collaboration with Oracle by expanding Oracle Cloud Infrastructure’s global reach across five continents. This will enable the companies’ mutual customers to seamlessly and privately connect to Oracle Cloud on Platform Equinix.
Further, by establishing the direct connection, enterprises can create a high-speed, low-latency access, in turn, helping maximize benefits of their Oracle deployment.
In fact, global market expansions in São Paulo, Tokyo, Sydney, Toronto and Zurich will offer direct access to Oracle Cloud Infrastructure FastConnect using Equinix Cloud Exchange Fabric (ECX Fabric). Notably, ECX Fabric is an on-demand, SDN-enabled interconnection service that enables customers to globally connect to clouds and network providers.
In addition, Oracle Cloud Infrastructure FastConnect via ECX Fabric facilitates enterprises to migrate and operate applications and data workloads to Oracle Cloud efficiently, while reducing costs and delivering consistent performance.
At present, Equinix offers Oracle FastConnect in six locations, including Amsterdam, Chicago, London, Frankfurt, Sydney and Washington, DC/Northern Virginia through its IBX data centers. Also, Equinix offers a higher number of private onramps to Oracle Cloud Infrastructure FastConnect than any other data-center provider in 32 other metros globally.
Moreover, as part of the collaboration, Oracle customers accessing Oracle Cloud Infrastructure in the Phoenix data-center region can now directly connect from Equinix’s IBX data centers in Los Angeles to Oracle Cloud Infrastructure FastConnect through ECX Fabric.
Interconnection between enterprises, and cloud and IT providers is projected to soar 98% annually through 2021. This will support companies when the firms roll out digital services and transfer existing workload to third-party cloud platforms.
Hence, amid rising complexities of digital transformation and higher demand for local services, Equinix’s efforts to provide efficient and scalable connectivity to hybrid cloud service are a strategic fit.
Shares of this Zacks Rank #3 (Hold) company have rallied 10.4% over the past three months, outperforming the real estate market's growth of 1.7%.
Americold Realty Trust (COLD - Free Report) sports a Zacks Rank of 1 (Strong Buy). The Zacks Consensus Estimate for 2019 funds from operations (FFO) per share remained unchanged at $1.29, over the past 30 days. Moreover, its shares have surged 40.3%, year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arbor Realty Trust’s (ABR - Free Report) current-year FFO per share estimate have moved north to $1.33 in a month’s time. The company’s shares have gained 28.3% in the year-to-date period. At present, it flaunts a Zacks Rank of 1.
City Office REIT’s (CIO - Free Report) ongoing year’s FFO per share estimate remained unrevised at $1.23, in the past month. Additionally, the stock has appreciated 37.6%, so far this year. It currently carries a Zacks Rank of 2 (Buy).
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