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Equinix climbs after FY revenue forecast hike

By Reuters News

** Shares of digital infrastructure firm Equinix EQIX.O rise 4.2% to $1050.24, after touching a two-month high earlier in session

** Co raises FY revenue outlook to $10.325 bln - $10.365 bln from prior range of $10.205 bln - $10.285 bln

** Co posts record gross bookings this quarter, signaling strong demand

** Separately, co announces a $700 mln common stock offering and a mixed shelf offering, the size of which is not disclosed

** Co trading above its 50-day moving average for the first time since early October

** The 50-day moving average is widely watched indicator to gauge stock's medium-term trend

** Stock trading at 53.91 times expected earnings over next 12 months, well above industry median of 18.80 - LSEG data

** 30 analysts rate stock "buy" or higher, 5 "hold", median PT at $1230- LSEG data

** As of last close, EQIX has risen over 37% YTD

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