Baron Funds Comments on Equinix Inc.
- By Holly LaFon
Shares of Equinix, Inc. (EQIX), a REIT that owns and operates a global network of data centers, increased on continued strong demand for its outsourcing services, largely driven by its clients' accelerating adoption of cloud-based computing solutions. In addition, the data center industry has continued to consolidate, and new supply has been kept in check. Together, these trends have created a strong growth and pricing environment that has benefited all players. In addition, Equinix completed its acquisition of European data center company Telecity on terms we believe to be favorable. Finally, the continued low interest rate environment benefited dividend paying REITs.
Warning! GuruFocus has detected 5 Warning Sign with EQIX. Click here to check it out.
The intrinsic value of EQIX
Baron Asset Fund second quarter shareholder letter.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Sign with EQIX. Click here to check it out.
The intrinsic value of EQIX