Hindenburg in its report alleged that Equinix, which operates as a real estate investment trust, was using an accounting trick to boost its adjusted funds from operations — a profitability metric for REITs. The short-seller had also said in its report that Equinix was misclassifying its capital expenditure necessary for continuing operations as spending that it would use to expand its operations, making the company appear more profitable.
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today filed an 8-K and announced that the Audit Committee of the company's Board of Directors has commenced an independent investigation to review the matters referenced in a recent short seller report. Shortly after the release of the report, the company received a subpoena from the U.S. Attorney's Office for the Northern District of California. Receipt of these types of inquiries is not unusual in these circumstances, a
In this piece, we will take a look at the 12 best data center stocks to buy according to analysts. If you want to skip our coverage of the data center industry, which is one of the hottest in the world right now, then you can skip ahead to take a look at the 5 […]