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Stock impact report

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Equinix, Inc. (EQIX) Investors

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: GlobeNewswire
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Equinix, Inc. (“Equinix” or the “Company”) (NASDAQ: EQIX) securities during the period of May 3, 2019 through March 24, 2024, inclusive (“the Class Period”). Investors have until July 1, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. [Click here to learn more about the class action] On March 20, 2024, Hindenburg Research released a report on Equinix entitled “Equinix Exposed: Major Accounting Manipulation, Core Business Decay And Selling an AI Pipe Dream As Insiders Cashed Out Hundreds of Millions.” The Hindenburg Report alleged that Equinix manipulated its profit margin and its Adjusted Funds From Operations (“AFFO”) by misclassifying typical operational expenses, or maintenance CapEx, as growth CapEx. In addition, the repo Show less Read more
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