NEW YORK (

TheStreet

) --

Equinix

(Nasdaq:

EQIX

) hit a new 52-week high Monday as it is currently trading at $139.06, above its previous 52-week high of $139.04 with 334,701 shares traded as of 11:24 a.m. ET. Average volume has been 696,100 shares over the past 30 days.

Equinix has a market cap of $5.5 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 36.9% year to date as of the close of trading on Friday.

Equinix, Inc. provides data center services for the protection and connection of information assets to enterprises, financial service companies, and content and network service providers worldwide. The company has a P/E ratio of 79.4, above the average telecommunications industry P/E ratio of 69.4 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Equinix as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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. You can view the full

Equinix Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null