Equinix Shares Up 16% Since Q3 Results Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/EQIX'>Equinix (NASDAQ:EQIX)</a> shares rose more than 16% since the company’s reported Q3 results on Nov 2. Q3 EPS came in at $7.73, better than the Street estimate of $1.83. Revenue was $1.8 billion, compared to the Street estimate of $1.84 billion. </p>
<p>Adjusted EBITDA of $871 million was 3.8% higher than Street estimates, and the adjusted EBITDA margin was 47.3% vs. a Street estimate of 45.7%. AFFO and AFFO/share beat the Street estimates by over 7%. Management raised guidance for normalized AFFO growth to 9-10% from 8-9% on healthy bookings, demand, and MRR/cab trends.</p>
<p>Analysts at RBC Capital updated their model following solid quarterly results and increased their price target to $720 from $668 while reiterating their Outperform rating.</p>
<p>The analysts estimate 2022 revenue/EBITDA of $7,257/$3.365 million (vs. previous $7,281/ $3,350 million) and AFFO/share of $29.30 (vs. previous $29.00). Their 2023 revenue, EBITDA and AFFO/share are $7,993 million/$3,706 million/$31.77 (vs. previous $7,992 million/ $3,632 million/$31.56).</p>

NASDAQ:EQIX