Equinix Inc
EQIX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|hhS | LOCK|dzQST | LOCK|>sbY!b&f |
Equinix Earnings: Healthy Revenue and Record Profitability as Management Raises Guidance
Equinix posted 5% revenue growth, led by interconnection growth of 8%. The 50% adjusted EBITDA margin was a record, as Equinix continues to drive recurring revenue per cabinet, which was up 3% sequentially. Management slightly raised full-year guidance for revenue, adjusted EBITDA, and AFFO.
