Equinix, Inc. (NASDAQ: EQIX) price forecast revised/maintained after fourth-quarter earnings miss. Company reports weak headline guidance but still well-positioned for long-term growth in AI and cloud. Analysts raise price forecast and maintain buy rating.
Equinix recently disclosed a joint venture with GIC and CPP Investments to raise over $15B for expansion of hyperscale data centers in US and support AI and cloud services. Equinix CEO states potential for AI growth.
Crown Castle to improve operational performance, updates outlook for FY24. Focus on demand for fiber and small cells in 48 top U.S. cities, reducing costs and staff.
Equinix, Inc. reported Q1 FY24 results with revenues up 6%, adjusted EBITDA up to $992M, and a quarterly dividend of $4.26. President and CEO sees potential in digital initiatives driving growth. Gain exposure with Pacer Data & Infrastructure Real Estate ETF.
GDS Holdings Ltd (NASDAQ: GDS) reported Q4 FY23 results with 6.3% revenue growth, $(0.01) loss per ADS beating consensus, and $1.09B cash balance. FY24 outlook: 13.9% - 18.1% revenue increase and $587M equity raise. Stock has lost 55% in last 12 months.
You may have seen an ad from telephone companies, as they brag about how they don't own cell towers in order to provide consumers with lower costs. What’s that all about? Additionally, are there investment opportunities in the cell tower industry?
The idea that REITs borrow some risk characteristics from stocks and bonds while behaving like a different asset class has to be abandoned. That implies that REIT can’t be the keystone of one’s portfolio.
Cell towers, also known as cellular base stations, media towers, or cell sites, are a critical factor in communication. Thus the owners of cell towers have a significant and very important set of assets.
S&P 500 equities continued to post robust 3rd quarter earnings reports, staying on track to grow EPS by 32.7% year-over-year. Over 84% of those reporting topped analysts’ forecasts. The damage from a few that disappointed was reasonably confined.
