A customer win, an expansion, and two earnings reports:
FirstLight Fiber followed up its customer win in New Hampshire with another yesterday in New York. SMG has picked their internet and voice services to power the communications infrastructure of the Albany Capital Center when it opens next March. FirstLight’s Albany fiber depth began under its previous incarnation of Tech Valley, of course, before Riverside and now Oak Hill made it into a regional consolidation platform.
Colt has kicked off construction on a new data center out in Tokyo. The new facility will be located alongside the operator’s TDC2, and will offer 15MW of critical load across 5,000 square meters of space. The expansion follows other investments in data center infrastructure in Europe by Colt. Colt got into the Tokyo market when it acquired fellow Fidelity portfolio member KVH. When Fidelity took the company private last year, there was speculation that the eventual owner would be Level 3. I’m expecting those rumors to resurface again next year sometime, that much is inevitable.
Juniper Networks managed to make investors happy yesterday with its quarterly numbers. They posted revenues of $1.29B and adjusted earnings per share of $0.58, both above expectations. They also guided Q4 above what analysts were expecting, projecting revenues of $1.32-1.38B and adjusted EPS of $0.59-0.65. Shares are up as much as 10% in the premarket.
And Akamai also had a big quarter. Revenues of $584M and earnings per share of $0.68 were well ahead of expectations as the company saw solid demand from its cloud operations. Looking ahead, Akamai expects Q4 revenues of $593-613M and non-GAAP EPS of $0.65-0.70, which were a hair better than consensus as well. Akamai’s stock is also up in early trading.
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