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Canaccord Genuity Starts Equinix (EQIX) at Buy; Despite Recent Run-up, See Continued Growth Acceleration

March 27, 2012 9:46 AM EDT
Get Alerts EQIX Hot Sheet
Price: $1,100.99 -0.1%

Rating Summary:
    33 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 20
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Canaccord Genuity initiates coverage on Equinix (NASDAQ: EQIX) with a Buy. PT $150.00.

Analyst, Greg Miller, said, "Despite recent share appreciation, we maintain our BUY recommendation on EQIX as we continue to believe in the strength of the business, the high barriers to entry highlighted by its global footprint and high density network, and the strong secular demand driven by online video and cloud computing."

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 $151.57 yesterday.


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