Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Equinix ( EQIX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 3.3%. By the end of trading, Equinix fell $2.24 (-1.2%) to $177.11 on average volume. Throughout the day, 1,445,768 shares of Equinix exchanged hands as compared to its average daily volume of 1,200,500 shares. The stock ranged in price between $176.85-$181.56 after having opened the day at $180.18 as compared to the previous trading day's close of $179.35. Other companies within the Internet industry that declined today were: Deltathree ( DDDC), down 15.5%, Remark Media ( MARK), down 4.4%, TechTarget ( TTGT), down 4.3% and YY ( YY), down 4.2%. 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. Equinix has a market cap of $8.9 billion and is part of the technology sector. Shares are down 12.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Equinix as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
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