Piper Jaffray Strongly Reiterates Overweight Rating For Equinix

from www.benzinga.com:

Equinix, Inc. is a top investment idea, according to Piper Jaffray and is also an industry leader in a fast-growing industry with high investment returns and attractive valuation. Strong industry trends are evident for Equinix.

The company earns 20-30% on its investments in new facilities and is driven by ~60% flow through to EBITDA, as customers are willing to pay a premium for Equinix's serivices, Piper Jaffray reports. Equinix is also the only global provider (of one-stop shopping) for its multi-national customers.

Piper Jaffray reiterates its Overweight rating and price target of $124.