Thursday, December 30, 2010

Equinix Upgraded to Outperform

We recently upgraded our long-term rating on Equinix Inc. (EQIX), a leading provider of data center solutions, to Outperform from Neutral. The rating was upgrade on the back of third-quarter 2010 earnings results, which were in line with the Zacks Consensus Estimate.

The upgrade was driven by strong demand across international markets, especially in the global data center services segment, encouraging fourth quarter and fiscal 2010 guidance and continuous efforts to expand the current facilities.

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