- Barrons.com•25 minutes ago
Wells Fargo Securities On Tuesday, Equinix announced it will purchase 29 data center facilities across 15 metro areas from Verizon Communications for $3.6 billion in cash. The portfolio includes 900 customers and 2.4 million gross square feet, along with the highly coveted facilities in Miami and Culpeper, Va. Equinix (EQIX) expects the portfolio to generate $450 million in revenue and $270 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) in the 12 months after closing, representing a next-12-months Ebitda acquisition multiple of 13.3 times (excluding $40 million of integration costs). Verizon’s (VZ) assets were 85% owned on a revenue basis, which will increase Equinix’s owned asset position to 45% in the Americas and 40% on a global basis.
- American City Business Journals•45 minutes ago
Paul Marcarelli, the former Verizon Wireless pitchman who switched to Sprint Corp., stopped by Kansas City's Union Station this week to film the company's holiday campaigns. Marcarelli said Sprint "really tapped into something" with the campaign, adding that most customers pay attention to the cost of their service.
- Investor's Business Daily•3 hours ago
Ciena and Finisar both are expected to post EPS ex items of 46 cents, but that would be an 84% jump for Finisar and just 10% for Ciena.
VZ : Summary for Verizon Communications Inc. Com - Yahoo Finance
Verizon Communications Inc. (VZ)
NYSE - NYSE Real Time Price. Currency in USD
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|Bid||51.34 x 24000|
|Ask||51.35 x 25000|
|Day's Range||50.44 - 51.43|
|52 Week Range||43.79 - 56.95|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||14.98|
|Dividend & Yield||2.31 (4.64%)|
|1y Target Est||N/A|