EQIX

Equinix Inc.

TMT, Finance/Real Estate


Presented:07/10/2013
Price:$190.84
Cap:$9.42B
Current Price:$878.03
Cap:$83.36B

Presented

Date07/10/2013
Price$190.84
Market Cap$9.42B
Ent Value$13.12B
P/E RatioN/A
Book Value$40.21
Div Yield3%
Shares O/S49.35M
Ave Daily Vol1,110,000
Short Int23.88%

Current

Price$878.03
Market Cap$83.36B
Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It connects companies directly to their customers and partners in networked data centers through the Equinix interconnection platform. The company provides colocation services and related offerings; interconnection services comprising physical cross connect/direct interconnections, Equinix Internet exchange, Equinix metro connect, Internet connectivity services, and Ethernet exchange services; and managed IT infrastructure services, including installation of customer equipment and cabling, as well as equipment rebooting and power cycling, card swapping, and emergency equipment replacement services. It connects approximately 4,000 companies, which comprise cloud and IT service providers, content providers, enterprises, financial companies, network and mobility service providers, carriers, and other bandwidth providers. The company provides its services through direct sales force and channel marketing programs. Equinix, Inc. was founded in 1998 and is headquartered in Redwood City, California.

Highlights

Shares in data center operator Equinix recently peaked at $231, but have since pulled back to about $190 per share – an attractive entry point, according to the presenter. Equinix is essentially the hub airport of the Internet, the place where big networks actually physically meet so that they may communicate with each other. In that respect, EQIX is effectively a real estate company – one that can only grow by building new data centers and growing square footage. Hence the reason the company is seeking classification as a REIT.

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Idea Discussion

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