Skip to main content




) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1.2%. By the end of trading, Equinix fell $1.10 (-0.7%) to $166.65 on light volume. Throughout the day, 667,370 shares of Equinix exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $166.19-$168.94 after having opened the day at $168.38 as compared to the previous trading day's close of $167.75. Other company's within the Technology sector that declined today were:




), down 18.8%,

Enova Systems



), down 17.6%,

Elephant Talk Communications



), down 13.6%, and

TheStreet Recommends

Advanced Photonix



), down 11.7%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

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 $8.27 billion and is part of the


industry. The company has a P/E ratio of 90.5, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 69.5% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Equinix a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Equinix as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front,

Kingtone Wirelessinfo Solution



), up 23.2%,

China Sunergy



), up 19.6%,




), up 19.2%, and

Cover-All Technologies



), up 16%, were all gainers within the technology sector with

EMC Corporation



) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology