Equinix (EQIX)

• Market cap: $88.3B
• 1 day: -0.47%
• 5 days: 2.74%
• 1 month: -4.71%
• 3 months: 3.01%
• 6 months: 14.00%
• Year to date: -3.03%
• 1 year: 14.61%
• 5 years: 55.71%
• 10 years: 311.69%
• 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)

102% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 63

37% more repeat investments, than reductions

Existing positions increased: 491 | Existing positions reduced: 358

22% more funds holding in top 10

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

17% more capital invested

Capital invested by funds: $69.6B [Q2] → $81.3B (+$11.7B) [Q3]

4% more funds holding

Funds holding: 1,074 [Q2] → 1,122 (+48) [Q3]

0.65% more ownership

Funds ownership: 96.94% [Q2] → 97.59% (+0.65%) [Q3]

25% less call options, than puts

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

Research analyst outlook

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

• Low target: $822 10% downside
• Avg. target: $1,009 10% upside
• High target: $1,100 20% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

RBC Capital Jonathan Atkin 53% 1-year accuracy 10 / 19 met price target	12% upside $1,025	Outperform Maintained	11 Dec 2024
Wells Fargo Eric Luebchow 64% 1-year accuracy 27 / 42 met price target	20% upside $1,100	Overweight Maintained	10 Dec 2024
Truist Securities Anthony Hau 22% 1-year accuracy 6 / 27 met price target	19% upside $1,090	Buy Maintained	29 Nov 2024
Stifel Erik Rasmussen 60% 1-year accuracy 6 / 10 met price target	18% upside $1,080	Buy Maintained	20 Nov 2024
Barclays Tim Long 57% 1-year accuracy 30 / 53 met price target	10% downside $822	Equal-Weight Maintained	18 Nov 2024