Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $197.94, above its previous 52-week high of $197.83 with 327,181 shares traded as of 12:04 p.m. ET. Average volume has been 967,800 shares over the past 30 days.
Equinix has a market cap of $9.32 billion and is part of the
industry. Shares are up 93.4% year to date as of the close of trading on Monday.
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. The company has a P/E ratio of 97.7, above the average telecommunications industry P/E ratio of 97.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Equinix as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, robust revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full
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