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Equinix Announced Lowered Its Q3, FY Revenue Estimates Due To Underestimated Churn Assumptions (EQIX)
[October 05, 2010]

Equinix Announced Lowered Its Q3, FY Revenue Estimates Due To Underestimated Churn Assumptions (EQIX)


Oct 05, 2010 (SmarTrend News Watch via COMTEX) -- Equinix (NASDAQ:EQIX) announced it expects Q3 2010 and full year revenues to be below the company's previous outlook, and it expects 2010 Q3 and full year adjusted EBITDA will be above the company's previous outlook.



The company now sees Q3 revenues of $328.0 to $330.0 million, the midpoint of which is 2.2% lower than previously expected. For the full year, the company sees revenues of $1.22 billion, which is 1.2% lower than the midpoint of its previous outlook.

Equinix updated its guidance due to underestimated churn assumptions in Equinix's forecast models in North America.


Equinix, Inc. provides core Internet exchange services to networks, Internet infrastructure companies, enterprises, and content providers. The Company operates Internet Business Exchange centers in several countries, where customers can interconnect with the providers that serve Internet networks and users for their peering, transit, and traffic exchange requirements.

SmarTrend is bullish on shares of Equinix and our subscribers were alerted to buy on July 14, 2010 at $84.89. The stock has risen 23.8% since the alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup

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