Equinix reported earnings today, beating Q2 guidance and raising their full year estimates for both revenue and EBITDA. Again. After all, they just did that in April. As mentioned earlier on this blog, [1] Equinix was the first pure internet infrastructure player to report and their results could give us a glimpse of the extent to which this sector is being hurt by the economy. Well, Equinix shrugged off the macro trends without slowing down.
Now, I don’t know where their stock goes from here, their valuation is high so some outperformance was probably built in. But when you put their numbers together with AT&T’s decent results this morning, one has to feel a little less worried about the economy’s effects on the telecom sector in general. Tomorrow morning we hear from Level 3, let’s hope the streak continues.
6 Comments To "Equinix 2, Economy 0"
#1 Comment By Telecom Jobs Europe On July 24, 2008 @ 1:08 pm
On seeing the past performance of Equinix I am confident about its success in future.
#2 Pingback By Level 3 Throws a Party On July 24, 2008 @ 9:16 pm
[…] Equinix 2, Economy 0 […]
#3 Pingback By Savvis Earnings Primer On July 29, 2008 @ 9:43 pm
[…] the market close today, so it is time to quickly look at expectations for the quarter in light of Equinix’s nice results. Savvis has been hammered repeatedly over the past year, most recently in April when they reduced […]
#4 Pingback By No Recession Here On July 30, 2008 @ 9:17 pm
[…] has already shown us one thing: there is no recession anywhere near the datacenter. First Equinix raised guidance last week, then yesterday both Savvis and Switch & Data reported revenues above expectations, and Switch […]
#5 Pingback By Global Crossing Back in the Colo Biz? On September 3, 2008 @ 7:56 pm
[…] Global Crossing to re-enter this deadly game? Well, obviously they must have noticed that colocation and hosting are growing like gangbusters lately – I mean who hasn’t? They are entering the market rather cautiously but also inexpensively, […]
#6 Pingback By Datacenter Sector Still Seems Solid On October 6, 2008 @ 8:03 pm
[…] on their results, we ought to expect Equinix to continue its string of good results despite the economic turmoil. We might also expect Savvis not to be at as much risk as they might […]