Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Equinix Greatly Facilitates and Benefits From Enterprise Cloud; Raising FVE to $500

After taking a fresh look at narrow-moat rated Equinix, we have become increasingly convinced about the foundational role Equinix plays in facilitating the advent of enterprise cloud and its ensuing profitable revenue stream. As a result, we are raising our fair value estimate to $500 from $395, on faster growth assumptions and modestly higher margin projections over the next decade and higher nominal growth rates for the second stage of our model. In addition, the acquisition of Itconic also sl...
Underlying
Equinix Inc.

Equinix provides colocation space and related offerings. The company operates International Business Exchange? (IBX?) data centers across the Americas; Europe, Middle East and Africa and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. The company's data center solutions include IBX Data Centers and xScale Data Centers. The company's Interconnection Solution connect businesses within and between its data centers across its global platform. The company's edge services help businesses deploy as-a-service networking, security and hardware across its data center footprint, as an alternative to buying, owning and managing the physical infrastructure.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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