Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Equinix fell $2.36 (-1.2%) to $191.63 on average volume. Throughout the day, 1,466,689 shares of Equinix exchanged hands as compared to its average daily volume of 1,111,200 shares. The stock ranged in price between $191.12-$198.59 after having opened the day at $197.00 as compared to the previous trading day's close of $193.99. Other companies within the Internet industry that declined today were:
), down 14.8%,
), down 5.4%,
), down 5.3% and
), down 4.4%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Equinix has a market cap of $9.6 billion and is part of the technology sector. Shares are down 5.8% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Equinix Ratings Report.
On the positive front,
), up 7.5%,
), up 7.3%,
), up 5.8% and
), up 4.2% , were all gainers within the internet industry with
) being today's featured internet industry leader.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
- Find other investment ideas from our top rated ETFs lists.