Equinix, a top performer in the Data Center REIT category, has drawn both close positive attention and speculative criticism. Recently, activist investor Hindenburg criticized the company's
financial metrics manipulation, causing a temporary drop in EQIX's stock. Despite this, EQIX has demonstrated a solid performance with its
Q3 and Q4 FFO surpassing estimates. The company has drawn investors' interest with its new
$600M JV with PGIM Real Estate, a move to bolster US data center presence. Expanding the global data footprint remains a priority - evident from EQIX's Malaysian extension. The firm's performance has been so strong that Baron Real Estate Fund sold its share in profit booking. Amidst various opinions, many analysts still believe in EQIX's fair valuation, considering its cost and potential growth. The firm has also roped in a Google executive as the new CEO, expecting to leverage his expertise for future innovation. However, potential risks exist due to alleged
earnings manipulation and relative high-cost compared to other Data Center REIT equities.
Equinix Reit EQIX News Analytics from Fri, 05 Jun 2015 04:59:52 GMT to Thu, 09 May 2024 15:36:42 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -1
