Here's What Makes Equinix (EQIX) A Promising Investment Bet
Zacks Investment Research | Apr 08, 2019 08:00AM ET
Adding shares of Equinix, Inc. (NASDAQ:EQIX) to your portfolio now might be a wise decision, given the company’s high-quality and large-scale of data-center portfolio which enjoys a global presence. The company is a preeminent global independent operator of data centers and offers carrier-neutral data-center and interconnection services to enterprises, content distributors and global Internet companies.
Additionally, strategic real estate holdings in key communication hubs and favorable growth trends for data-center services are positives.
Moreover, the company has been witnessing upward estimate revisions for the 2019 funds from operations (FFO) per share, reflecting analysts' optimism about its prospects. Over the past week, the Zacks Consensus Estimate for 2019 FFO per share has marginally moved north.
The company's price performance also seems impressive. In fact, this Zacks Rank #2 (Buy) stock has gained around 30.6% over the past three months, outperforming 13.4% growth recorded by the real estate market.
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