Wednesday, January 6, 2010

Equinix Inc. (EQIX) Expected To Do Well

>>According to the Bank of America, Equinix Inc. is likely to perform well on the basis of better data center pricing.

Equinix Inc. will be benefited by the positive industrial scenario. Equinix Inc. is a geographically diversified firm and has an equally diversified customer base. It also has strong financials to carry out continued investment. Due to these positive points, BoA has raised their forward looking MRR per cabinet expectations by 0.5% through 2012. Bank of America has revised its price target for Equinix Inc. from $110 to $130, which is 11.4X multiple of E2011 EBITDA.

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