|Bid||108.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||114.16 - 115.65|
|52 Week Range||89.76 - 120.85|
|PE Ratio (TTM)||56.04|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||4.12 (3.60%)|
|1y Target Est||120.00|
As readers may know, a REIT, or real estate investment trust, doesn't pay taxes at the corporate level. derive revenue in part by offering colocation services to enterprises and service providers, through which clients are able to install servers and other hardware at data centers owned by the REITs.
On August 8, Equinix (EQIX) declared a regular quarterly cash dividend of $2.28 per share for the third quarter. The dividend is payable on September 19 to shareholders of record as of August 22. The newly declared dividend is 14% higher than the dividend of $2.00 per share that Equinix paid during the third quarter of 2017.
Equinix’s (EQIX) second-quarter adjusted EBITDA of $604 million rose ~19% on a YoY (year-over-year) basis and surpassed its own guidance range of $579 million–$589 million. Higher revenues and lower integration costs mainly drove the adjusted EBITDA growth. The adjusted EBITDA margin of 47.9% was ahead of the company’s own expectation of 46.3%. However, the EBITDA growth remained flat compared to the second quarter of 2017.
Equinix’s (EQIX) second-quarter revenues increased 18% YoY (year-over-year) to $1.262 billion and marked sequential growth for the 62nd consecutive quarter. The quarterly revenues were ahead of analysts’ estimates of $1.259 billion and matched the mid-point of management’s guidance range of $1.257 billion–$1.267 billion (the mid-point is $1.262 billion).
Equinix (EQIX) reported overwhelming financial results. The company’s top and bottom-line results for the second quarter were ahead of analysts’ estimates and marked a significant YoY (year-over-year) improvement. The key metrics also surpassed the company’s own expectations.
CoreSite can now build an incremental 50 megawatts of capacity in Reston to support demand
Equinix’s (EQIX) impressive back-to-back quarterly performances, an encouraging outlook for 2018, and a healthy demand environment for data center services have instilled confidence among analysts. This confidence is easily visible in their ratings on the stock.
Since its conversion to a REIT in January 2015, Equinix (EQIX) has been consistent in paying and increasing its quarterly cash dividends every year. Most recently, it paid a quarterly cash dividend of $2.28 per share for the second quarter, which was 14% higher than its dividend payment in the second quarter of 2017. At current market prices, the company’s dividend yield is 1.9%. In 2015, 2016 and 2017, Equinix paid regular cash dividend per share of $6.76, $7.00 and $8.00, respectively. For 2018, the company expects to pay $9. ...
Short interest is low for COR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $1.21 billion over the last one-month into ETFs that hold COR are among the lowest of the last year and appear to be slowing.
Emerging trends in the technology sector such as artificial intelligence, big data, cloud computing, IoT (Internet of Things), bring your own device (or BYOD), flash storage, social networking, high-quality video, and wearable devices have brought massive change to the IT storage industry.
Acquisitions have been a key growth strategy for Equinix (EQIX), which has helped it expand its data center capacity and enter new markets. Over the last three years, the company has almost doubled the size of its business through mergers and acquisitions, bringing the total data center count to 200 on March 31 from 112 at the end of 2015.
Equinix (EQIX) plans to report its second-quarter results on August 8. Wall Street expects the global data center operator to post AFFO (adjusted funds from operations) of $4.99 per share on revenues of $1.26 billion. Analysts seem to be backing their estimates on strong demand for data-center spaces and Equinix’s (EQIX) global expansion initiatives.
CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that Steve Smith, Chief Revenue Officer, will present at the Cowen and Company 4th Annual Communications Infrastructure Summit at the St.
NEW YORK, NY, Aug. 02, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders ...
CoreSite Realty Corporation (COR) (“CoreSite”), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced the sale of 2,250,000 shares of its common stock by investment funds affiliated with The Carlyle Group to Citigroup and Credit Suisse Securities (USA) LLC, as the underwriters in connection with the offering. Upon completion of the offering, investment funds affiliated with The Carlyle Group will continue to hold an aggregate of 11,525,390 partnership units in CoreSite’s operating partnership that they may elect to redeem in whole or in part for cash or, at CoreSite’s option, CoreSite may elect to acquire those operating partnership units submitted for redemption in exchange for shares of its common stock on a one-for-one basis.
CoreSite (COR) delivered earnings and revenue surprises of 3.23% and 2.44%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The real estate investment trust, based in Denver, said it had funds from operations of $61.5 million, or $1.28 per share, in the period. The average estimate of 11 analysts surveyed by Zacks Investment ...
CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced financial results for the second quarter ended June 30, 2018.
CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced the promotion of Steve Smith to the newly created role of Chief Revenue Officer, effective immediately. In his new role, Mr. Smith will be responsible for all elements of the customer lifecycle related to revenue generating activities, including sales and sales engineering, marketing, and new product innovation. In conjunction with Mr. Smith’s new role, CoreSite has appointed Maile Kaiser as Senior Vice President, Sales.
SAN FRANCISCO, July 11, 2018 /PRNewswire/ -- GI Partners has announced that it has renewed and expanded CoreSite's lease in the One Wilshire building, located at 624 S. Grand Avenue in Los Angeles. CoreSite, a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., has renewed its existing 162 thousand square feet of space in the building for seven years, and it has expanded into an additional 17 thousand square feet in order to continue to provide high-performance data center solutions to its customers in one of the one of the most network-dense data centers in the world. As part of CoreSite's renewal and expansion at One Wilshire, CoreSite extended the term of its original lease by seven years to 2029, and maintains its three, five-year renewal options, with control over its space through 2044.
A provision of the 2010 Dodd-Frank Wall Street Reform Act requires public companies to report the ratio comparing CEO compensation to that of the company's median employee. See how some of Colorado's top public company executives stack up based on this new metric.
CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced the company will release its second-quarter 2018 financial results prior to market open on Thursday, July 26, 2018, to be followed by its quarterly conference call at 12:00 p.m.
Ciena (CIEN) collaborates with CoreSite (COR) to help accelerate the latter's service delivery and provide a best-in-class customer experience.