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 Wednesday as it is currently trading at $231.36, above its previous 52-week high of $231.26 with 144,233 shares traded as of 12:10 p.m. ET. Average volume has been 770,600 shares over the past 30 days. Equinix has a market cap of $11.15 billion and is part of the technology sector and internet industry. Shares are up 9.6% 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 84.6, above the S&P 500 P/E ratio of 17.7.
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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, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Equinix Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.