On Could 27, Barclays raised the agency’s worth goal on Equinix, Inc. (NASDAQ:EQIX) to $837 from $834 and stored an Equal Weight ranking.
The ranking replace adopted the agency’s mannequin updates within the knowledge middle group, indicating a cautious but steady outlook on Equinix, Inc.’s (NASDAQ: EQIX) operations.
A crew of IT professionals engaged on a digital platform, indicating the corporate’s agile digital companies.
Equinix, Inc.’s (NASDAQ:EQIX) fiscal Q1 2025 earnings confirmed a robust begin to the 12 months, exceeding expectations on key monetary metrics. Its income underwent a 5% progress over the identical quarter final 12 months as-reported to $2.2 billion. Gross and web bookings for the quarter additionally surpassed expectations, supported by improved gross sales execution and sustained demand.
Working earnings for fiscal Q1 2025 rose 26% to $458 million, primarily due to robust underlying working efficiency. Equinix, Inc. (NASDAQ:EQIX) additionally reported a 48% enhance in web earnings in comparison with the identical interval final 12 months, reaching $343 million.
Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure firm with a platform that interconnects foundational infrastructure. Its choices embrace interconnection companies, digital companies, knowledge middle companies, and help companies. The corporate operates by way of the next geographical segments: Americas, Europe, Center East, and Africa, and Asia-Pacific.
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Disclosure: None.