Nomura Securities Starts Equinix (EQIX) at Buy; Strongly Positioned Vs Peers
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Price: $218.21 -2.67%
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade EQIX Now!
Nomura Securities initiates coverage on Equinix (NASDAQ: EQIX) with a Buy. PT $210.00.
Analyst, Mike McCormack, said, "Equinix is strongly positioned among peers with what we believe are the most attractive carrier-neutral data center assets. Through acquisitions and organic growth, we believe the company has built the scale and depth to continue taking share in the carrier-neutral data center market. Equinix has some of the world’s largest enterprises, carriers and content providers as customers, thus enabling the company to provide connectivity that we believe is unmatched in the industry. Although not fully insulated from broader macro weakness, the defensive nature of the company’s revenue model should provide investors an added level of comfort."
For an analyst ratings summary and ratings history on Equinix click here. For more ratings news on Equinix click here.
Shares of Equinix closed at $166.14 yesterday, with a 52 week range of $80.85-$179.20.
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Analyst, Mike McCormack, said, "Equinix is strongly positioned among peers with what we believe are the most attractive carrier-neutral data center assets. Through acquisitions and organic growth, we believe the company has built the scale and depth to continue taking share in the carrier-neutral data center market. Equinix has some of the world’s largest enterprises, carriers and content providers as customers, thus enabling the company to provide connectivity that we believe is unmatched in the industry. Although not fully insulated from broader macro weakness, the defensive nature of the company’s revenue model should provide investors an added level of comfort."
For an analyst ratings summary and ratings history on Equinix click here. For more ratings news on Equinix click here.
Shares of Equinix closed at $166.14 yesterday, with a 52 week range of $80.85-$179.20.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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