Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

Equinix's Strong 1Q is No Surprise, So We Are Maintaining Our $415 FVE

Equinix has proven itself time and again to be an excellent operator and a first-rate data center firm, with its interconnection foundation leading to our narrow moat rating. Against that backdrop, Equinix's consensus-beating quarter was in line with our forecast, and our full-year projections are still within the firm's raised guidance. We are maintaining our 2019 revenue and margin assumptions and $415 fair value estimate. The stock is now in 3-star territory after its 35% rise from the Decemb...
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
Matthew Dolgin

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