The Company provides network neutral colocation, interconnection, and managed IT infrastructure services to enterprises, content companies, systems integrators, and network providers in the United States and Asia-Pacific.
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EQIX dropped 33% in one day after reducing their revenue guidance for Q3 by 2.2% to 329 million from 335 million; however, they reported Q2 revenue of 296 million. If they reach their reduced revenue guidance the company will still have an increase of 10% in revenues from Q2 to Q3. 33% decline is too oversold for a 2.2% reduction in revenue guidance.I would much rather buy the stock after they report later this month, but I can endure the loss of a disappointing earnings report and think it is worth the risk to buy today.