Morningstar - Equinix Inc. (EQIX) Equinixâ€™s CEO Resigned on Poor Judgment Over an Employee Matter; Maintaining $500 FVE

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Morningstar

Alex Zhao

EUR 101.80 For Business Accounts Only

Equinixâ€™s CEO Resigned on Poor Judgment Over an Employee Matter; Maintaining $500 FVE

On Jan 25, Equinix CEO Steve Smith resigned from his role and from the board after exercising poor judgment over an employee issue. Chairman Peter Van Camp was appointed interim CEO of the company, while the firm searches for a new CEO. Van Camp had served on the CEO role from 2000 and 2007. The reason for Smithâ€™s resignation does not relate to the operational and financial performance of the firm, both of which have been strong, in our opinion. Smith has been instrumental in growing Equinix int...

25/01/2018 15 EN

Underlying

Equinix Inc.

Equinix provides colocation space and related offerings. The company operates International Business Exchange? (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. The company's data center solutions include IBX Data Centers and xScale Data Centers. The company's Interconnection Solution connect businesses within and between its data centers across its global platform. The company's edge services help businesses deploy as-a-service networking, security and hardware across its data center footprint, as an alternative to buying, owning and managing the physical infrastructure.

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US29444U7000 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Alex Zhao

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Equinixâ€™s CEO Resigned on Poor Judgment Over an Employee Matter; Maintaining $500 FVE

Equinix invests to grow/Company guides for further debt issuance

Equinix Inc: 1 director

Equinix and Digital Realty Trust print good FY24 results/Solid credits at attractive spreads

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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