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 higher today making it today's featured internet winner. The industry as a whole closed the day up 1.2%. By the end of trading, Equinix rose $4.36 (2.5%) to $175.86 on average volume. Throughout the day, 1,023,911 shares of Equinix exchanged hands as compared to its average daily volume of 1,288,100 shares. The stock ranged in a price between $170.83-$176.08 after having opened the day at $171.19 as compared to the previous trading day's close of $171.50. Other companies within the Internet industry that increased today were:
), up 17.5%,
), up 11.1%,
), up 8.4% and
), up 7.4%.
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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 $8.4 billion and is part of the technology sector. Shares are down 17.8% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Equinix a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates Equinix as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
- You can view the full Equinix Ratings Report.
On the negative front,
), down 8.4%,
), down 7.8%,
), down 1.9% and
), down 1.6% , were all laggards within the internet industry with
) being today's internet industry laggard.
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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
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