Why is Equinix stock dropping? Shares of data center real estate investment trust (REIT) Equinix (NASDAQ: EQIX) fell by roughly 12% in February, according to data from S&P Global Market Intelligence. The drop was largely driven by its fourth-quarter earnings update, which on the surface wasn’t bad.
Is Equinix a buy? Equinix has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 10 buy ratings, 5 hold ratings, and no sell ratings.
Does Amazon use Equinix? Amazon.com Selects Equinix as First Outsourced Data Center Provider; Leading Online Retailer to Leverage Aggregation of Networks and World Class Quality in Equinix's Neutral IBX Centers.
Who is Equinix owned by? Equinix Inc (NASDAQ:EQIX)
Institutional investors hold a majority ownership of EQIX through the 96.32% of the outstanding shares that they control.
Why is Equinix stock dropping? – Additional Questions
Who are Equinix competitors?
Equinix competitors include Coresite, Digital Realty Trust, Rackspace Technology, Verizon and Lumen (formerly CenturyLink).
Is Equinix a good company?
This is a good place to work, the pay was good. They feed us lunch once a week and on busy days during the week. I would recommend Equinix, the pay was good, benefits were great and they let you buy stock in the company!
Does Equinix own its data centers?
Equinix owns and operates a network of 240+ International Business Exchange™ (IBX®) data centers located in 70 major metros around the world to make interconnection easy.
What companies use Equinix?
Equinix calls it its ecosystem. Among its clients areAmazon ( AMZN ),Apple ( AAPL ),AT&T ( T ),Facebook ( FB ) andNokia (NOK). The reason customers go with Equinix is because within Equinix’s data centers, there are lots of carriers and network providers.
Is Equinix a big company?
As of today, the largest data center colocation provider in the world is Equinix, accounting for 11 percent of the $54 billion market, according to the latest global leaderboard by Structure Research, an analyst firm that tracks the internet infrastructure services market.
What kind of company is Equinix?
Equinix is the world’s digital infrastructure company. We interconnect industry-leading organizations such as finance, manufacturing, retail, transportation, government, healthcare and education across a digital-first world.
Is Equinix a Fortune 500 company?
Equinix raked in $1.7 billion in second quarter revenue, up 8% year-over-year, and has achieved Fortune 500 status. The company expects total revenues for 2021 to range between $6.6 and $6.7 billion, a 10% to 11% increase since 2020.
How does Equinix make money?
Equinix Makes money from Interconnection
An interconnection is the physical integration of a carrier’s network with equipment and facilities outside the network. For example, the connection between Netflix’s servers and the cloud. The Equinix Interconnection services include Equinix Fabric.
Who are customers of Equinix?
New customers utilizing Equinix’s expanded international services include Fidelity, University of California Berkeley (Singapore), Standard Life Asia, HypoVereinsbank, Tuline Online, HKNet and IBASE. Additionally, U.S. customers extending their services to Asia include Electronic Arts, iBasis and Virtela.
Is Equinix a Tier 4 data center?
As to the specifications for the facility, Equinix MI1 is a six-story building with 750,000 square feet of purpose build data center space. It is classified as a Tier IV data center with fully redundant power (N+1) and cooling infrastructure (2 x N+1).
How many data Centres does Equinix have?
Equinix has 200+ data center locations and the solutions to help your cloud services meet the most exacting performance requirements in the most efficient way.
Is Equinix a REIT?
(Nasdaq: EQIX), the global interconnection and data center company, today announced that its board of directors (“Board”) unanimously approved Equinix’s conversion to a real estate investment trust (“REIT”) for federal income tax purposes effective for its taxable year commencing January 1, 2015 .
Is Equinix undervalued?
Because Equinix is relatively overvalued, the long-term return of its stock is likely to be lower than its business growth, which averaged 6.4% over the past three years and is estimated to grow 7.87% annually over the next three to five years.
Who is the largest data center provider?
#1) Equinix
Equinix was founded in 1998. Its headquarters is located in Redwood City, California, USA. The company had 7273 employees as of 2017 and serves 24 countries including the UK and the USA. It has a vast network of 202 data centers around the world, with 12 more being installed.
Why is Equinix the best?
Key Points. Equinix’s revenue has grown for 18 years straight. Equinix is a leading global data-center REIT, making it a top pick for exposure to this fast-growing industry. Long-term trends back high demand and growth opportunities for data-center facilities for most of this decade.
When did Equinix become a REIT?
Equinix went public in 2000 and began operating as a REIT in 2015.
Is Digital Realty Trust overvalued?
Digital Realty Trust is now undervalued and offering attractive returns for dividend and growth investors.
