Building on the subsea cable momentum, Equinix Inc. EQIX recently added RTI Connectivity Pte. Ltd.'s transpacific cable systems to the list of sub-marine cable systems offered in the IBX data centers of the former, in turn, enhancing connectivity options for users.
By using Equnix’s IBX data centers, RTI will extend the reach of its connectivity solutions in Tokyo, Japan, and Sydney, Australia. Hyperscale cloud providers and enterprise companies are fueling data growth between the Asia-Pacific region and Australia. These customers require economically-cheaper bandwidth solutions, alternative paths and improved quality of service.
Hence, RTI's latest secure long-haul routes will interconnect the Asia-Pacific region and Australia through Guam, in order to meet the growing demand for inter-connection services. The unique design of the cable systems will offer better latency between these continents and significantly reduce provisioning time frames.
Meanwhile, RTI will depend on Equinix to deliver and manage cable landing stations (CLS). Equinix’s next-generation CLS design terminates sub-marine cabling systems inside the company’s IBX data centers at the digital edge, where commerce, population hubs and digital ecosystems integrate.
Further, by providing a neutral landing point to submarine cable operators, thereby simplifying operations at a neutral location. This will reduce operator’s costs as well as the time taken to deploy.
Additionally, RTI is constructing several high-fibre capacity cables that will land on Guam. This complements two of Equinix’s cable routes that connect via Guam. The Japan-Guam-Australia South Cable System (JGA South) connects Sydney and Guam with termination point into Equinix’s SY4 IBX in Sydney. The second cable route — Japan-Guam-Australia North Cable System (JGA North) — connects Tokyo and Guam with Equinix’s TY2 IBX in Tokyo as a termination point.
The collaboration between the companies will strengthen communication networks between the Asia-pacific region and Australia. With efficient inter-connection options for service providers and enterprises, it will propel greater business opportunities and drive growth of the digital economy between the two growing markets.
Equinix currently carries a Zacks Rank #3 (Hold).
Over the past six months, shares of the company have rallied 16.1%, outperforming the real estate market’s gain of 7.7%.
Stocks to Consider
Boston Properties, Inc. BXP currently carries a Zacks Rank of 2 (Buy) and has gained 8.7% in the past six months. The company’s funds from operation (FFO) per share estimate for 2020 has been revised marginally upward to $7.53 in two months’ time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Life Storage, Inc.’s LSI Zacks Consensus Estimate for the current-year FFO per share remained unrevised at $6 in the past month. It carries a Zacks Rank of 2, at present. The stock has rallied 17.2% over the past six months.
Lamar Advertising Company’s LAMR Zacks Consensus Estimate for the ongoing year’s FFO per share remained unchanged at $6.15 over the past 30 days. Currently, it carries a Zacks Rank of 2. Also, it has appreciated 16.2% over the past six months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Equinix, Inc. (EQIX) : Free Stock Analysis Report
Lamar Advertising Company (LAMR) : Free Stock Analysis Report
Life Storage, Inc. (LSI) : Free Stock Analysis Report
Boston Properties, Inc. (BXP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research