Nomura Comments on Equinix (EQIX) Results
Nomura Securities reiterated a Buy on data center company, Equinix (NASDAQ: EQIX), and maintained a price target of $235.00.
Commenting on Equinix's quarterly results, analyst Mike McCormack said "Equinix demonstrated the strength of the retail data center business model this quarter, and the company’s focus on key verticals. Revenue per cabinet and Interconnections per cabinet continued to rise, which we believe is indicative of Equinix’s strength versus wholesale peers who have been pressured by economic conditions."
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 $183.58 yesterday, with a 52 week range of $91.35-$212.00.
Commenting on Equinix's quarterly results, analyst Mike McCormack said "Equinix demonstrated the strength of the retail data center business model this quarter, and the company’s focus on key verticals. Revenue per cabinet and Interconnections per cabinet continued to rise, which we believe is indicative of Equinix’s strength versus wholesale peers who have been pressured by economic conditions."
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 $183.58 yesterday, with a 52 week range of $91.35-$212.00.