Equinix Stock Hits New 52-Week High (EQIX)

NEW YORK ( TheStreet) -- Equinix (Nasdaq: EQIX) hit a new 52-week high Thursday as it is currently trading at $105.54, above its previous 52-week high of $105.25 with 427,916 shares traded as of 9:41 a.m. ET. Average volume has been 525,500 shares over the past 30 days.

Equinix has a market cap of $4.7 billion and is part of the technology sector and telecommunications industry. Shares are up 19.7% year to date as of the close of trading on Wednesday.

Equinix, Inc. provides data center services for the protection and connection of information assets to enterprises, content providers, financial companies, network service providers, and cloud and IT services companies. The company has a P/E ratio of 100, above the average telecommunications industry P/E ratio of 98.1 and above the S&P 500 P/E ratio of 17.7.
  • Practice your EQIX trading strategies and win cash in our stock game.

TheStreet Ratings rates Equinix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Equinix Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers