EQIX - Equinix, Inc. (REIT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
590.09
+2.09 (+0.36%)
As of 10:02AM EST. Market open.
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Previous Close588.00
Open591.51
Bid584.51 x 1000
Ask586.06 x 1200
Day's Range583.94 - 592.17
52 Week Range357.35 - 609.97
Volume57,367
Avg. Volume398,046
Market Cap50.322B
Beta (5Y Monthly)0.62
PE Ratio (TTM)99.81
EPS (TTM)5.91
Earnings DateFeb 11, 2020
Forward Dividend & Yield9.84 (1.65%)
Ex-Dividend DateNov 17, 2019
1y Target Est628.23
  • Equinix to Offer RTI's Subsea Cable System at IBX Data Centers
    Zacks

    Equinix to Offer RTI's Subsea Cable System at IBX Data Centers

    Equinix (EQIX) to deliver and manage cable landing stations for RTI Connectivity Pte. Ltd.'s transpacific cable routes that will interconnect the Asia-Pacific region and Australia through Guam.

  • Crosslake Fibre Selects Equinix to Terminate Its Digital Gateway Between Toronto and New York
    PR Newswire

    Crosslake Fibre Selects Equinix to Terminate Its Digital Gateway Between Toronto and New York

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that Crosslake Fibre selected Equinix to extend its backhaul capacity into Equinix TR2 International Business Exchange™ (IBX®) data center in Toronto and Equinix NY4 IBX in Secaucus, New Jersey. The Crosslake Fibre network is the newest, fastest and most diverse secure long-haul route providing lit and dark fiber services interconnecting two of the most vital financial markets in the world.

  • RTI Selects Equinix to Connect New Transpacific Submarine Cable System in Australia & Japan
    PR Newswire

    RTI Selects Equinix to Connect New Transpacific Submarine Cable System in Australia & Japan

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that RTI Connectivity Pte. Ltd. (RTI) has selected Equinix IBX data centers to extend their connectivity solutions in Tokyo, Japan, and Sydney, Australia.

  • What Does Digital Realty's $557M Portfolio Sale Indicate?
    Zacks

    What Does Digital Realty's $557M Portfolio Sale Indicate?

    Digital Realty's (DLR) $557-million portfolio sale to Mapletree Investments and Mapletree Industrial Trust in line with its strategy of self-funding growth and diversifying equity-capital sources.

  • Equinix & Telstra Expand Multicloud Network Partnership
    Zacks

    Equinix & Telstra Expand Multicloud Network Partnership

    Equinix (EQIX) boosts global inter-connection footprint by strengthening integration of ECX Fabric and Telstra's Programmable Network, offering customers faster connectivity to cloud providers.

  • Equinix to Fortify Hybrid Multicloud Efforts With Packet Buyout
    Zacks

    Equinix to Fortify Hybrid Multicloud Efforts With Packet Buyout

    Equinix's (EQIX) buyout of bare metal automation vendor, Packet, will add crucial new on-demand deployment alternatives to its flagship platform and boost the delivery of enhanced edge services.

  • Telstra and Equinix Collaborate to Provide Secure Multicloud Connectivity in 38 Global Markets
    PR Newswire

    Telstra and Equinix Collaborate to Provide Secure Multicloud Connectivity in 38 Global Markets

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that Telstra, Australia's leading telecommunications and information services company, is enhancing its integration with Platform Equinix® to provide its enterprise customers flexible, secure, on-demand multicloud network connectivity to more than 170 service providers in 38 markets globally.

  • Equinix is acquiring bare metal cloud provider Packet
    TechCrunch

    Equinix is acquiring bare metal cloud provider Packet

    Equinix announced today that it is acquiring bare metal cloud provider Packet, the New York City startup that had raised over $36 million on a $100 million valuation, according to PitchBook data. Equinix has a set of data centers and co-location facilities around the world. Companies that may want to have more control over their hardware could use their services, including space, power and cooling systems, instead of running their own data centers.

  • Equinix to Acquire Bare Metal Leader Packet
    PR Newswire

    Equinix to Acquire Bare Metal Leader Packet

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it has signed a definitive agreement to acquire Packet, the leading bare metal automation platform. The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix® and extract greater value from the platform's rich ecosystems and global interconnection fabric. By leveraging bare metal services at Equinix to deploy digital infrastructure on demand, customers will be better equipped to reach everywhere, interconnect everyone and integrate everything that matters to their business.

  • MoneyShow

    Top Picks 2020- Equinix EQIX

    Argus Research analyst Jacob Kilstein selected CMS Energy (CMS) as his Top Pick last year. He continues to rate the stock -- which rose 26% last year -- as a "buy" based on strong growth in earnings and dividends. For 2020, his top idea is a REIT.

  • MEDIA ALERT: Equinix Sets Conference Call for Fourth Quarter Results
    PR Newswire

    MEDIA ALERT: Equinix Sets Conference Call for Fourth Quarter Results

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it will hold its quarterly conference call on Wednesday, February 12th at 5:30 PM ET (2:30 PM PT). The company will discuss fourth quarter results for the period ended December 31, 2019.

  • Equinix (EQIX) Wraps Up $175M Buyout of 3 Mexican Data Centers
    Zacks

    Equinix (EQIX) Wraps Up $175M Buyout of 3 Mexican Data Centers

    Eyeing the market demand for inter-connection and data-center services in Mexico, Equinix (EQIX) expands its global platform with the buyout of three data centers in the region.

  • Equinix Completes US$175 Million Acquisition of Three Data Centers in Mexico
    PR Newswire

    Equinix Completes US$175 Million Acquisition of Three Data Centers in Mexico

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the completion of its acquisition of three data centers from Axtel S.A.B. de C.V. (BMV: AXTELCPO) that serve the Mexico City and Monterrey metro areas of Mexico. The US$175 million all-cash transaction brings Equinix's industry-leading data center and interconnection services to two new metros, as businesses increasingly seek to move their IT operations and latency-sensitive data to the digital edge, closer to where content is created and consumed.

  • Equinix Appoints Adaire Fox-Martin to Board of Directors
    PR Newswire

    Equinix Appoints Adaire Fox-Martin to Board of Directors

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the appointment of Adaire Fox-Martin to the Equinix Board of Directors. Fox-Martin will also serve as a member of the Board's Nominating Committee. Her appointment brings the number of directors on the Equinix Board to 11.

  • Iron Mountain to Construct Second Data Center in Manassas
    Zacks

    Iron Mountain to Construct Second Data Center in Manassas

    In sync with efforts to bank on the growing data-center demand, Iron Mountain (IRM) announces the construction of its second data center in the Manassas campus.

  • Hedge Fund Darlings vs. Equinix Inc (EQIX) In 2019
    Insider Monkey

    Hedge Fund Darlings vs. Equinix Inc (EQIX) In 2019

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]

  • Cowen’s 3 Stock Choices for 2020
    TipRanks

    Cowen’s 3 Stock Choices for 2020

    2019 has delivered such plentiful returns, that heading into the new year, investors might be met with a sense of trepidation as to what lies ahead. Can the market extend the rally? Which stocks can continue handing out ample rewards through 2020 and beyond?In such instances it is worth turning to the pros to get the lowdown. Multinational investment bank and financial services provider, Cowen, has a history of successfully picking up disruptive companies and emerging markets early on, Amazon being a case in point. The company was also the first Wall Street firm to exhibit serious interest in the fledgling cannabis industry.With the help of TipRanks’ Stock Screener, we were able to get the full scoop on the company’s 3 favorite stocks for the new year. All 3 have had a strong 2019, yet Cowen thinks their growth is set to continue in the year ahead. Let’s take a look.Charter Communications (CHTR)2019 continued to hear talk of the ‘cord-cutting’ trend whereby old, traditional cable companies are about to become obsolete due to pay-tv customers moving over to newer, more flexible streaming services. Telecommunications giant, Charter, has stayed ahead of the curve by leveraging losses of cable customers by picking up more subscribers for its broadband service. As broadband becomes a must-have service for every household, and most areas only provide two options for broadband services, companies like Charter almost become recession proof.Apart from success in the broadband sector, Charter’s entrance into the wireless phone market is also bearing fruit. Its mobile business has seen solid growth, adding 276,000 new lines in the last quarter alone.Additionally, it has kept buying back company shares, always a promising sign for investors. In Q3, the company spent $3.1 billion on stock buybacks.This cable giant has easily outperformed the market in 2019, delivering a year-to-date gain of 65%, but has the leading broadband provider climbed too high?Not according to 5-star Cowen analyst Colby Synesael, who noted, “All said, despite the stock rally and premium valuation, we still see Charter as the ideal scaled pure-play Cable provider and best stock to play the Broadband story with underlying catalysts including the FCF story (24% CAGR), buybacks, attractive network assets ideal for the 5G topology, and strategic optionality. Longer-term, the company is well positioned to measurably build a DIY wireless network (trialing CBRS) and aggressively buy back shares, to be eventually taken out by a wireless carrier (because wireless carriers may have no choice).”To this end, Synesael reiterated an Outperform rating on Charter along with a price target of $537, indicating gains of 14% could be in place. (To watch Synesael’s track record, click here)What does the Street make of the communication giant’s prospects? A breakdown of 14 Buys, 7 Holds, and a solitary Sell, provide Charter with a Moderate Buy rating. The average price target stands at $503.16, which implies 7% upside potential. (See Charter Communications stock analysis on TipRanks) Equinix (EQIX)Another high-flyer in 2019 is internet connection and data center provider, Equinix. Year-to-date, EQIX is up 58%, leaving the S&P 500 in the dust despite its stellar year.The company is unusual given the fact that it is a REIT (real estate investment trust) but operates like a growth stock. Equinix provides the buildings and infrastructure for companies to house their servers in. Most companies use Equinix’s IBX (international business exchange), as along with a lack of alternatives, it is too expensive to build their own. Therefore, like REITS, the company has a recurring income stream.The company reported good 3Q19 results with it breaking records for 3Q bookings, cross connect adds and bookings through its channel, which came in at 30%, indicating a loyal customer base is in place.Synesael noted, “We continue to have a positive LT view of Equinix as the company is able to demonstrate stable/durable growth that coupled with its highly attractive returns we believe should continue to drive multiple expansion and further separate it from comps. We do not however expect upcoming 2020 guidance to alone act as a catalyst, and instead expect the stock to continue to grind higher over the NTM.”All this has prompted the 5-star analyst to reiterate an Outperform rating on Equinix. A price target of $628 provides potential upside of 13%.The Street is equally effusive about Equinix’s 12-month prospects. The data center provider has a Strong Buy analyst consensus rating, with the breakdown formed of 12 Buys and 1 Hold. The average price target is $615.25, providing 10% upside potential. (See EQIX stock analysis on TipRanks) GDS Holdings (GDS)Staying in the data field, we move on to Chinese high-performance data center provider, GDS Holdings.Even with Cowen’s previous picks exhibiting fantastic growth in 2019, they are both dwarfed by GDS, which has seen its share price more than double in 2019, growing by 118%. Accordingly, the company ranks as Cowen’s no.1 choice for 2020.A solid 3Q report reflected a strong year. The company leased 21,600 sqm compared to the trailing 12 months average of 19,400, thereby achieving the company’s 2019 leasing goal of 80,000 sqm. Management reiterated that it expects to equal this performance in 2020, and raised 2019 EBITDA guidance thanks to stronger than expected margins year-to-date.Adding to the good news, GDS announced it had reached an agreement to acquire all of the equity interests in target companies which own a data center campus in the Shunyi district of Beijing. The campus comprises three data centers with an area of 19,700 sqm. The acquisition is set to close in the first half of 2020.Synesael notes that while GDS is likely to experience trade driven volatility - the combination of strong secular demand, further margin expansion, and industry leading growth ‘should drive continued stock appreciation.’ The analyst concluded, “We believe GDS continues to be well positioned in what remains a strong demand environment and is taking the right steps to secure more supply in its major markets as it prepares for even stronger demand in 2020.”Synesael reiterated an Outperform rating on GDS, along with a price target of $65. Should the target be achieved, a handsome increase of over 29% could be in the cards.The Street is relatively quiet when it comes to GDS right now. Over the last 3 months, the data center provider has had 3 analysts rating its prospects. All, though, conclude GDS is a Buy, therefore designating it with Strong Buy status. The average price target of $60, could provide investors with 19% upside. (See GDS stock-price forecast and analyst ratings)

  • MEDIA ALERT: Equinix to Speak at Upcoming Citi 2020 TMT West Conference
    PR Newswire

    MEDIA ALERT: Equinix to Speak at Upcoming Citi 2020 TMT West Conference

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that Charles Meyers, President and CEO, will present at the Citi 2020 Global TMT West Conference on Tuesday, January 7, 2020, at 3:30 p.m. PT in the Bellagio Hotel in Las Vegas, Nevada.

  • Taking A Look At Equinix, Inc. (REIT)'s (NASDAQ:EQIX) ROE
    Simply Wall St.

    Taking A Look At Equinix, Inc. (REIT)'s (NASDAQ:EQIX) ROE

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Is Equinix Inc (EQIX) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Equinix Inc (EQIX) Going To Burn These Hedge Funds ?

    Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]

  • The 13 Best REITs to Own in 2019
    Kiplinger

    The 13 Best REITs to Own in 2019

    Real estate investment trusts (REITs) - a way for investors to gain access to assets such as apartments and office buildings while often collecting generous yields - had a disappointing 2018. With just a few days left to go in the year, the Vanguard REIT ETF (VNQ) had lost 13.5% compared to a 12% decline for the broader market. This contrasts with 10-year average annual gains of just more than 12% for the VNQ.Will REITs bounce back in 2019? Well, the same fear that hampered these real-estate plays in 2018 - rising interest rates - still is on the board for the coming year. And higher rates on bonds sometimes hamper the performance of REITs.However, these companies are not created equal. The best REITs for 2019 could benefit from other powerful trends in 2019. For instance, cloud computing's growth should continue to fuel robust demand for data storage services. A massive infrastructure spending bill could improve the fortunes of related REIT plays. And mobile-data growth, as well as the rollout of lightning-fast 5G technology, offers potential growth for cell-tower REITs.Here are the 13 best REITs to buy and hold in 2019. Not only should they benefit from broad trends that could help them outperform their brethren, but REITs as a whole are trading at much more palatable valuations lately. Moreover, average dividend yields in the space currently exceed 4%; all the more reason for investors to stick with REITs if market rockiness continues in the coming year. SEE ALSO: The 10 Best REITs to Buy for 2020

  • Top 5 Technology Trends to Impact the Digital Infrastructure Landscape in 2020
    PR Newswire

    Top 5 Technology Trends to Impact the Digital Infrastructure Landscape in 2020

    Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, released its top five technology trend predictions for 2020, which point toward the critical digital transformation that organizations are making to lead in the new digital era. Equinix's expansive footprint across more than 50 global markets, and its position as a leading meeting and interconnection point for ecosystems of networks, clouds, enterprises and nearly 10,000 customers, give it a unique and holistic lens to view critical digital infrastructure trends.

  • The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan
    Zacks

    The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan

    The Zacks Analyst Blog Highlights: Abbott, Philip Morris, Lowe's, Equinix and Kinder Morgan

  • Top Analyst Reports for Abbott, Philip Morris & Lowe's
    Zacks

    Top Analyst Reports for Abbott, Philip Morris & Lowe's

    Top Analyst Reports for Abbott, Philip Morris & Lowe's

  • 3 Real Estate Companies to Invest in Now
    InvestorPlace

    3 Real Estate Companies to Invest in Now

    The end of the year is a time for investors to focus on diversification. Despite the major exchanges continuing to hit record highs, there are reasons for investors to be uneasy.The market continues to digest the impacts (real and perceived) of the U.S.-China trade war. Earnings reports, though basically strong, suggest some weakness may exist. Institutional investors are spurning the usually fast-growing "unicorn" stocks. And 2020 is an election year which introduces uncertainty into the market.With uncertainty comes volatility. If you're looking for investment strategies to diversify your portfolio, now may be a time to look at real estate investment trusts (REITs).InvestorPlace - Stock Market News, Stock Advice & Trading TipsREITs own, operate or finance income-generating real estate properties such as apartment complexes or retail locations. REITs are heavily regulated and must meet a number of qualifications. They are legally required to pay at least 90% of their taxable income in dividends.REITs are often specialized in specific areas such as residential or commercial. But even within those two areas there are distinctions. For example some REITs focus on healthcare facilities, others focus on apartments, and others may focus on shopping centers. * 7 Companies Using Artificial Intelligence to Outperform the Market Here are three REITs that set up well for whatever hits the market in 2020. Sun Communities (SUI)Dividend yield: 1.89%Source: Shutterstock The first REIT I want to discuss is Sun Communities (NYSE:SUI). Manufactured homes are showing the highest percentage growth of all REIT sub sectors in 2019. Sun Communities is one of the leading REITs in this sector and focuses on the midwestern and southeastern United States.With a market cap of $14.96 billion, Sun Communities is a large REIT that has been on a steady rise since the depths of the global economic crisis and the housing crisis. With that said, the stock has been getting a lift recently from a strong housing market. SUI stock is up over 55% in 2019.On Nov. 19, the Commerce Department released information on the housing market that showed that it is getting ready to heat up even though the calendar says it's winter.Residential construction surged in October with permits at their highest level since May 2007. Housing stats were also up in October. Although slightly lower than estimates, the 1.314 million number is an 8.5% year-over-year increase.SUI should continue to have a catalyst going forward as many rental properties are still citing very low vacancy rates. Welltower (WELL)Dividend yield: 4.18%The next REIT for you to consider is Welltower (NYSE:WELL). This is the largest healthcare REIT. Its properties span a variety of categories across the spectrum of patient care. WELL owns over 1,517 properties including hospitals, outpatient clinics, assisted living, and skilled nursing facilities across the U.S., Canada, and the United Kingdom.Healthcare will continue to be a hot sector with a number of catalysts. To begin with, the baby boomer generation is aging, and approximately 63% of WELL's net operating income comes from senior housing. This is the core of the company's portfolio.And despite the rhetoric about a single payer system and "Medicare for all," approximately 94% of Welltower's revenues are private payers, so the stock is not exposed to that risk.Welltower's stock is up over 26% in 2019. In the second quarter, the company generated $1.3 billion in revenue with earnings coming in at $137.7 million. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities It's fair to be concerned about a dividend that has not grown in three years. But while it may not be best in class, it's certainly not the worst. And with the stability you get from the recession-proof property mix, it's a stock that's worthy of consideration. Equinix (EQIX)Dividend yield: 1.76%Source: Ken Wolter / Shutterstock.com Equinix (NASDAQ:EQIX) is a REIT with exposure to the growing data center segment. EQIX owns over 200 data centers. Their global customer base includes nearly half of the Fortune 500 companies.EQIX stock is up nearly 59% in 2019 compared to the S&P 500, which has returned 26.8%. But EQIX stock is not a one-year wonder. Over the last 10 years, Equinix stock has grown 640%, which crushes the 245% return in the broader market.Institutional investors are forecasting the company's earnings per share (EPS) to grow at a 21.4% average annual rate for the next five years. If that pans out, and there's no reason to believe it won't, the company will continue to have solid growth in its funds from operation (FFO). A larger FFO will allow EQIX to increase its dividend. EQIX shares currently have a dividend yield of 1.76%.A catalyst for the data center segment is the organic growth that comes from recurring revenues. In the case of Equinix, recurring revenue accounts for approximately 94% of total revenues.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post 3 Real Estate Companies to Invest in Now appeared first on InvestorPlace.