QTS Realty Trust Inc Class A
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Equinix Has 88% ‘Buy’ Ratings ahead of Its Q3 2018 Earnings
On October 23, eight of the 25 analysts gave EQIX a “strong buy” rating, 14 gave it a “buy” rating, and the remaining three gave the stock a “hold.”
Equinix Trades at a Premium Valuation against Its Peers
Equinix (EQIX) has a TTM price-to-AFFO ratio of 20.2x.
Could Higher Interest, Competition Hurt Equinix’s Q3 AFFO?
Equinix (EQIX) plans to release its Q3 2018 earnings on November 1. Analysts expect its Q3 revenues to rise ~11% YoY to $1.28 billion.
Equinix’s Valuation and Analysts’ Ratings
For Equinix, eight out of 20 analysts recommended a “strong buy,” 14 recommended a “buy,” and two recommended a “hold.”
Equinix’s Second-Quarter Results Beat Analysts’ Expectations
Equinix reported strong financial results. The company’s top and bottom-line results for the second quarter were ahead of analysts’ estimates.
Why Wall Street Loves Data Center REITs—Including Equinix
Over the last four months, analysts have maintained their “buy” recommendations on Equinix stock.
Assessing Equinix’s Valuations against Its Competitors
Based on market capitalization, Equinix is the world’s largest data center REIT with a market value of $35.2 billion.
Global Expansion, Buyout Strategies to Aid Equinix’s Q2 Revenues
Equinix’s expansion strategy has contributed $336.0 million to its first-quarter total revenues of $1.22 billion.
Equinix’s Q2 Earnings: AI, IoT Driving Demand for Data Centers
Equinix (EQIX) plans to report its Q2 results on August 8. Wall Street expects the global data center operator to post revenues of $1.26 billion.