Oppenheimer analyst Timothy Horan raised his price target for Equinix (EQIX) to $472 from $440 after the company closed its acquisition of Verizon's (VZ) 29 data centers. The analyst sees upside from continued strong neutral datacenter demand with Verizon adding to Equinix's densely connected footprint, but also expanding its enterprise channel. He reiterates an Outperform rating on Equinix's shares.

Ribbon Communications (RRBN) announced plans for a major network modernization program with Verizon (VZ) to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies. Verizon is leveraging Ribbon's portfolio of Voice Products including the vC20 Call Controller, G5 Line Access Gateway, G6 Universal Media Gateway, virtual and Cloud-native Session Border Controllers, and other products which allows for the consolidation and replacement of equipment with energy efficient, software-centric platforms while maintaining full feature functionality.