EquinixEQIX
Market Cap: 73.3B
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 Q1 SEC filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 464 | Existing positions reduced: 368
19% more funds holding in top 10
Funds holding in top 10: 31 [Q4 2023] → 37 (+6) [Q1 2024]
1% more capital invested
Capital invested by funds: $72.3B [Q4 2023] → $73.2B (+$884M) [Q1 2024]
0% more funds holding
Funds holding: 1,098 [Q4 2023] → 1,098 (+0) [Q1 2024]
0% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 110
1.61% less ownership
Funds ownership: 95.64% [Q4 2023] → 94.03% (-1.61%) [Q1 2024]
21% less call options, than puts
Call options by funds: $486M | Put options by funds: $617M
Research analyst outlook
17 Wall Street Analysts provided 1 year price forecasts over the past 6 months
17 analyst ratings
Wells Fargo Eric Luebchow | 13%upside $875 | Overweight Upgraded | 23 Jul 2024 |
Mizuho Vikram Malhotra | 13%upside $873 | Outperform Initiated | 11 Jul 2024 |
Goldman Sachs James Schneider | 13%upside $870 | Buy Initiated | 1 Jul 2024 |
Barclays Tim Long | 13%downside $671 | Equal-Weight Maintained | 30 May 2024 |
RBC Capital Jonathan Atkin | 19%upside $922 | Outperform Maintained | 28 May 2024 |
Financial journalist opinion
Based on 63 articles about EQIX published over the past 30 days