Equinix, Inc. Buyback
OLI recorded this information on 12/4/2013
Company:
Equinix, Inc.
Buyback:
EQIX buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Equinix, Inc., the global interconnection and data center company, announced that its Board of Directors has authorized a share repurchase program of up to $500 million through December 31, 2014. Share repurchases may be made by the company from time to time in open market transactions at prevailing market prices or in privately negotiated transactions.
Equinix is engaged in providing colocation space and related offerings. Co. operates International Business Exchange (IBX®) data centers, or IBX data centers, across the Americas; Europe, Middle East and Africa and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. Co.'s offerings include: xScale Data Centers, which serves the workload deployment needs of a targeted group of hyperscale companies; Private Cages; Secure Cabinets; Secure Cabinet Express; and IBX SmartView®, which provides customers visibility into the operating data relevant to their specific Co.'s footprint as if they were in-house.
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Buy (3.32 out of 4) 46th percentile
(ranked lower than approx. 54% of all stocks covered)
Analysts' Target Price: EQIX Stock Forecast Based on Zacks ABR data; powered by Xignite |