Equinix (EQIX)

• Market cap: $86.6B
• 1 day: -0.08%
• 5 days: -2.57%
• 1 month: 2.20%
• 3 months: 8.11%
• 6 months: 10.83%
• Year to date: 10.72%
• 1 year: 14.90%
• 5 years: 63.04%
• 10 years: 300.13%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

Employees: 13,151

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

36% more repeat investments, than reductions

Existing positions increased: 476 | Existing positions reduced: 351

22% more funds holding in top 10

Funds holding in top 10: 32 [Q2] → 39 (+7) [Q3]

21% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 103

16% more capital invested

Capital invested by funds: $68.7B [Q2] → $79.9B (+$11.2B) [Q3]

2% more funds holding

Funds holding: 1,073 [Q2] → 1,095 (+22) [Q3]

0.21% more ownership

Funds ownership: 95.72% [Q2] → 95.93% (+0.21%) [Q3]

25% less call options, than puts

Call options by funds: $213M | Put options by funds: $284M

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $810 10% downside
• Avg. target: $965 7% upside
• High target: $1,020 14% upside

11 analyst ratings

• positive: 10 91%
• neutral: 1 9%
• negative: 0 0%

Scotiabank Maher Yaghi 88% 1-year accuracy 7 / 8 met price target	10% upside $985	Sector Outperform Maintained	31 Oct 2024
TD Cowen Michael Elias 56% 1-year accuracy 5 / 9 met price target	10% upside $984	Buy Maintained	31 Oct 2024
BMO Capital Ari Klein 63% 1-year accuracy 5 / 8 met price target	14% upside $1,020	Outperform Maintained	31 Oct 2024
Barclays Tim Long 63% 1-year accuracy 31 / 49 met price target	10% downside $810	Equal-Weight Maintained	28 Oct 2024
Evercore ISI Group John Belton 100% 1-year accuracy 3 / 3 met price target	9% upside $975	Outperform Maintained	23 Oct 2024