Telecom network operator Zayo Group (ZAYO) late Wednesday said it’s agreed to buy U.K.-based Latisys for $675 million, expanding further into data centers. Zayo operates fiber-optic networks in metropolitan areas as well as between cities. It leases fiber-optic cables to wireless phone companies and other customers. Data-center operators such as Equinix (EQIX) provide space, power and cooling. Customers pack the centers with their own computer
Data center operator Equinix (EQIX) will gain in 2015 as more large companies move to cloud computing, analysts say. Equinix has been expanding Cloud Exchange, a new offering designed to help businesses and other enterprise customers access cloud-computing services as well as cloud-based software products from companies such as Salesforce.com (CRM). The biggest users of cloud infrastructure-as-a-service (IaaS) have been small and midsize
Equinix (EQIX) stock rose nearly 8% Thursday after the data center company late Wednesday posted Q3 revenue that beat expectations on rising demand from customers. Equinix closed at 207.37 in the stock market today. The stock touched a 17-month high above 224 on Aug. 21. Equinix posted Q3 revenue of $620.4 million, up 14% year over year and above the company’s own guidance of $614 million to $618 million. Analysts had expected revenue of $615.4