Thursday, April 12, 2012

Wells Fargo Reiterates an 'Outperform' on Equinix (EQIX); Channel Checks Indicate Compelling Data Points


>>Wells fargo maintains an 'Outperform' on Equinix price target range raised from $150-160 to $192-205.

Analyst, Gary Powell, said, "It sounds like EQIX continues to gain traction with managed hosting/cloud providers and that the ecosystem is slowly helping EQIX improve growth in the enterprise segment, which has historically lagged other verticals. In addition, demand in key markets like Silicon Valley, Washington, DC and New York are strong and trends in Chicago are improving. Lastly, we heard EQIX won a couple of larger deals that could help trends in Q2/Q3.

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