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Equinix Inc. (EQIX) Wrap Up:

Equinix, Inc. provides network neutral colocation, interconnection, and managed IT infrastructure services to enterprises, content companies, systems integrators, and network providers in the United States, the Asia-Pacific, and Europe. Its colocation products and services include cabinets; power, including AC and DC power circuits; and IBXflex, a service that allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX centers. The company’s interconnection services comprise physical cross-connect/direct interconnections, which enables customers directly and privately connect to another IBX customer; Equinix Internet Core Exchange that allows direct peer...
www.equinix.com
1,115 Employees
Founded in 1998

Equinix Inc. (EQIX:NASDAQ)

LAST $94.95 USD
CHANGE TODAY -0.39 -0.41%
VOLUME 406.6K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Equinix Inc. (EQIX)

OPEN
$94.97
PREVIOUS CLOSE
$95.34
DAY HIGH
$95.00
DAY LOW
$93.90
52 WEEK HIGH
10/21/09 - $100.20
52 WEEK LOW
11/21/08 - $32.72
MARKET CAP
3.7B
AVERAGE VOLUME 3 mo
541.8K
DILUTED EPS TTM
$3.65
SHARES OUTSTANDING
39.0M
EQIX Does Not Pay Dividends
P/E TTM
26.0x
K = Thousands  M = Millions  B = Billions

EQIX Top Compensated Officers

Mr. Stephen M. Smith
Chief Executive Officer, President, Director ...
Age: 52
Total Annual Compensation: $475.0K
Mr. Peter F. Van Camp
Executive Chairman and Chairman of Governance...
Age: 53
Total Annual Compensation: $213.5K
Mr. Keith D. Taylor
Chief Financial Officer and Principal Account...
Age: 47
Total Annual Compensation: $323.8K
Mr. Sushil K. Kapoor
Chief Operations Officer
Age: 62
Total Annual Compensation: $256.8K
Mr. Peter T. Ferris
President of Equinix US
Age: 51
Total Annual Compensation: $285.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Equinix Inc. (EQIX)

Equinix Inc. Appoints Heijden as Director of Managed Services in Netherlands

Equinix Inc. has appointed Frank van der Heijden as director of managed services in the Netherlands. Heijden will be responsible for expanding Equinix's managed hosting services offering to meet growing demand in the Dutch market. He will report to Michiel Eielts, Equinix's general manager in the Netherlands. Heijden previously worked in executive and management roles at Transcom WorldWide, CendrisBSC, KPN, LogicaCMG, as well as founder and CEO of BaByXL BroadBand DSL (Tiscali).

Equinix Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Revised Earnings Guidance for the Full Year of 2009

Equinix Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $18,812,000 or $0.47 diluted per share on revenues of $227,558,000 against net income of $5,556,000 or $0.15 diluted per share on revenues of $183,735,000 reported a year ago. Income from operations was $45,558,000 against $21,493,000 for the same period a year ago. Net income before income taxes was $26,139,000 against $5,743,000 for the same period a year ago. Net cash provided by operating activities was $107,539,000 against $63,321,000 for the same period a year ago. Purchases, sales and maturities of investments, net for the period was $146,045,000. Purchases of other property and equipment were $88,655,000 against $95,445,000 for the same period a year ago. Negative free cash flow was $6,965,000 against $21,898,000 for the same period a year ago. Adjusted free cash flow was $21,211,000 against negative $21,898,000 for the same period a year ago. EBITDA was $14,698,000 against $8,093,000 for the same period a year ago. Adjusted EBITDA was $106,036,000 against $76,973,000 for the same period a year ago. For the nine months, the company reported net income of $51,709,000 or $1.32 diluted per share on revenues of $639,957,000 against net income of $10,061,000 or $0.27 diluted per share on revenues of $513,997,000 reported a year ago. Income from operations was $130,293,000 against $48,745,000 for the same period a year ago. Net income before income taxes was $81,611,000 against $10,461,000 for the same period a year ago. Net cash provided by operating activities was $272,982,000 against $191,263,000 for the same period a year ago. Purchases, sales and maturities of investments, net was $258,582,000 against $76,147,000 for the same period a year ago. Purchases of other property and equipment were $240,440,000 against $305,546,000 for the same period a year ago. Negative free cash flow was $10,930,000 against $167,440,000 for the same period a year ago. Adjusted free cash flow was $17,246,000 against negative $144,199,000 for the same period a year ago. EBITDA was $39,653,000 against $20,509,000 for the same period a year ago. Adjusted EBITDA was $296,948,000 against $208,376,000 for the same period a year ago. The company revised earnings guidance for the full year of 2009. For the full year, the company's total revenues are expected to be in the range of $875.0 to $880.0 million. Adjusted EBITDA for the year is expected to be between $395.0 and $400.0 million. Capital expenditures for 2009 are expected to be in the range of $390.0 to $400.0 million, comprised of approximately $60.0 million of ongoing capital expenditures and $330.0 to $340.0 million of expansion capital expenditures.

Equinix Inc. expected to Report Fiscal Year 2009 Results on February 3, 2010. This event was calculated by Capital IQ (Created on October 13, 2009).

Equinix Inc. expected to Report Fiscal Year 2009 Results on February 3, 2010. This event was calculated by Capital IQ (Created on October 13, 2009).

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EQIX Competitors

Company Last Change
Akamai Technologies Inc $23.94 USD -0.31
Digital Realty Trust Inc $47.29 USD -0.58
Rackspace Hosting Inc $18.31 USD -0.44
tw telecom Inc $14.64 USD -0.04
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation EQIX Industry Range
Price/Earnings 24.6x
Price/Sales 4.4x
Price/Book 3.3x
Price/Cash Flow 21.4x
TEV/Sales 1.9x

EQIX

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EQIX transactions

Type
Date
Target
Merger/Acquisition
October 21, 2009
Switch & Data Facilities Co., Inc.
Bankruptcy
October 12, 2009
ManyOne Networks, Inc.

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