JANCO Partners Upgrades Equinix (EQIX) to Buy After Q1 Review
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Price: $1,102.10 +2.64%
Rating Summary:
33 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
33 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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JANCO Partners upgraded Equinix (NASDAQ: EQIX) from Accumulate to Buy.
JANCO analyst says, "Equinix increased its organic North American cabinet equivalent billing by 1700 cabinets, the largest increase in eight quarters, while increasing the cabE capacity by 600 sequentially resulting in a 80% capacity utilization compared to 77% in Q4 2010. The company added 1,527 cross connects in North America. In Europe, cabinet equivalent billings increased by 900 sequentially while CabE capacity remained flat resulting in a three percentage point sequential improvement in utilization to 80%. Cross connects increased by 340 over the same period. In Asia, Equinix increased cabinet billings by 300 cabinets sequentially and added 100 cabE , thus increasing capacity utilization by 200 basis points to 81%."
For more ratings news on Equinix click here and for the rating history of Equinix click here.
Shares of Equinix closed at $99.12 yesterday.
JANCO analyst says, "Equinix increased its organic North American cabinet equivalent billing by 1700 cabinets, the largest increase in eight quarters, while increasing the cabE capacity by 600 sequentially resulting in a 80% capacity utilization compared to 77% in Q4 2010. The company added 1,527 cross connects in North America. In Europe, cabinet equivalent billings increased by 900 sequentially while CabE capacity remained flat resulting in a three percentage point sequential improvement in utilization to 80%. Cross connects increased by 340 over the same period. In Asia, Equinix increased cabinet billings by 300 cabinets sequentially and added 100 cabE , thus increasing capacity utilization by 200 basis points to 81%."
For more ratings news on Equinix click here and for the rating history of Equinix click here.
Shares of Equinix closed at $99.12 yesterday.
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