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 Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.3%. By the end of trading, Equinix rose $2.67 (1.5%) to $184.02 on average volume. Throughout the day, 693,635 shares of Equinix exchanged hands as compared to its average daily volume of 887,700 shares. The stock ranged in a price between $180.11-$184.30 after having opened the day at $181.25 as compared to the previous trading day's close of $181.35. Other companies within the Telecommunications industry that increased today were:
), up 13.1%,
), up 12.6%,
), up 3.6% and
), up 3.4%.
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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 $8.9 billion and is part of the technology sector. Shares are up 2.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Equinix a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Equinix Ratings Report.
On the negative front,
), down 7.1%,
), down 6.2%,
), down 6.0% and
), down 4.9% , were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
- Use our telecommunications 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 telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.