Bank of America Previews Earnings for Equinix

Bank of America has published a report on Equinix EQIX the morning before 2Q results reported. In the report, Bank of America wrote, "„Conference Call Info Wednesday, July 27th, at 5:30 p.m. (ET). Dial-in: 210-234-8004; Password: “EQIX”. Replay: 203-369-1470. Key issues we are watching into the quarter: Guidance. We expect EQIX to raise ‘11 guidance to reflect the closing of its Brazil acquisition and improved visibility into 2H11 growth. Our '11 revenue of $1.586b compares to guidance of ‘greater than' $1.525b and the Street at $1.536b; our adj. EBITDA of $712m compares to guidance of ‘greater than' $685m and consensus of $694m. We note that our estimates reflect an 8-mo. contribution from the Brazilian acquisition (ALOG). We see upside to numbers based on expectations for increasing positive contributions from the SDXC footprint, a ramping marketing effort, and continued strong demand." Bank of America rated Equinix a BUY with a price target of $130.00. Equinix closed Tuesday at $99.63.