Saturday, April 17, 2010

Needham & Company Reiterates a 'Buy' on Equinix (EQIX); Colocation Demand Should Drive Growth

from Streetinsider.com

>>Needham & Company Reiterates a 'Buy' on Equinix (EQIX); Colocation Demand Should Drive Growth

Needham & Company reiterates a 'Buy' rating on Equinix, Inc., price target $125.

Needham analyst says, "We believe March quarter sales should continue to be driven by colocation revenue given strong demand and stable pricing. We believe demand for broadband and data center solutions remained robust across all of the company's regions during the quarter."

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