Equinix Stock Falls On Unusually High Volume (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) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading down $4.93 (-2.3%) at $209.60 as of 2:20 p.m. ET.

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Equinix has a market cap of $10.6 billion and is part of the technology sector and telecommunications industry. Shares are up 5.7% year to date as of the close of trading on Tuesday.

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 92, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Equinix as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. You can view the full Equinix Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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