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Equinix, Inc.

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Equinix posted mixed third-quarter results wherein the top line beat the Zacks Consensus Estimate but the bottom line missed the same. The company saw strong year-over-year revenue growth, mainly driven by strong demand for Equinix’s cloud services by corporations. Growth across geographies and business segments also had a positive impact on revenues. Moreover, the company issued encouraging fourth-quarter guidance and provided upbeat revenue outlook for the full year. The company strives to enhance customer experience through the Equinix Customer One program. Moreover, the company’s recurring revenue model and current expansion plans are encouraging.

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