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Fly News Breaks for September 20, 2016
EQIX
Sep 20, 2016 | 13:10 EDT
Wells Fargo analyst Jennifer Fritzsche attributes today's selloff in shares of Equinix to an "incorrect interpretation" of comments made by the company's CFO at an investor conference regarding Q3 guidance and its decelerating organic growth in the second half of 2016. After speaking with Equinix, the analyst sees no meaningful change or guidance revision being messaged. She believes CFO Keith Taylor simply reiterated comments made on the Q2 earnings call. Equinix "was NOT trying to indicate any concerns about a guidance miss," Fritzsche tells investors in an intraday research note. She keeps an Outperform rating on the shares.