Demand for data center space remains strong, and that's good news for Equinix (EQIX +12.5%)....
Demand for data center space remains strong, and that's good news for Equinix (EQIX +12.5%). Shares are flirting with all-time highs after the company beat Q2 EPS forecasts: a healthy pricing environment, lower utility costs and a new focus on maximizing revenue per cabinet helped out. After accounting for its acquisition of Asia Tone, Equinix is guiding for Q3 revenue of $492M-$498M and 2012 revenue of $1.92B+, above a consensus of $485.2M and $1.91B. RAX +1.9%. (transcript)
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