Equinix (EQIX)

• Market cap: $89.5B
• 1 day: 0.61%
• 5 days: -3.92%
• 1 month: 0.90%
• 3 months: 5.70%
• 6 months: 21.43%
• Year to date: 14.40%
• 1 year: 16.72%
• 5 years: 60.50%
• 10 years: 296.93%
• 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)

59% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 79

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: $68.7B [Q2] → $80.1B (+$11.3B) [Q3]

4% more funds holding

Funds holding: 1,074 [Q2] → 1,121 (+47) [Q3]

0.42% more ownership

Funds ownership: 95.76% [Q2] → 96.18% (+0.42%) [Q3]

25% less call options, than puts

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

Research analyst outlook

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

• Low target: $822 11% downside
• Avg. target: $1,003 8% upside
• High target: $1,100 19% upside

12 analyst ratings

• positive: 11 92%
• neutral: 1 8%
• negative: 0 0%

RBC Capital Jonathan Atkin 44% 1-year accuracy 8 / 18 met price target	11% upside $1,025	Outperform Maintained	11 Dec 2024
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target	19% upside $1,100	Overweight Maintained	10 Dec 2024
Truist Securities Anthony Hau 41% 1-year accuracy 13 / 32 met price target	18% upside $1,090	Buy Maintained	29 Nov 2024
Stifel Erik Rasmussen 78% 1-year accuracy 7 / 9 met price target	16% upside $1,080	Buy Maintained	20 Nov 2024
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target	11% downside $822	Equal-Weight Maintained	18 Nov 2024