Equinix Stock Hits New 52-Week High (EQIX)

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 ( TheStreet) -- Equinix (Nasdaq: EQIX) hit a new 52-week high Monday as it is currently trading at $191.60, above its previous 52-week high of $189.28 with 28,382 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Equinix has a market cap of $8.7 billion and is part of the technology sector and telecommunications industry. Shares are up 81.7% year to date as of the close of trading on Friday.

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 93.5, above the average telecommunications industry P/E ratio of 90.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Equinix as a buy. 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 Equinix Ratings Report.

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