Equinix, Inc.ย (EQIX) is a leading digital infrastructure provider headquartered in Redwood City, California, offering extensiveย data center colocation and interconnection services worldwide. It operates a global platform that securely connects businesses, cloud services, networks, and content providers to enable seamless digital interactions.
Equinix supports enterprises in accelerating digital transformation by providing reliable, interconnected ecosystems that enhance application performance, network agility, and secure data exchange across diverse digital environments. The company has aย market capitalization of $73.96 billion, which classifies it as a โlarge-capโ stock.ย
ย
Equinixโs stock had reached aย 52-week low of $701.41 back in April, but is up 7.4% from that level. Despite strong quarterly results, concerns about rising data center capital expenditures have weighed on the companyโs stock, which hasย declined by 4.2% over the past three months. On the other hand, the Schwab U.S. REIT ETFย (SCHH) hasย gained marginally over the same period.ย
Over the longer term, this underperformance persists. Over the past 52 weeks, the stock has dropped by 23.1%, while it is down 14.5% over the past six months. Contrarily, the Schwab U.S. REIT ETF has declined 7.3% over the past 52 weeks but gained 2.4% over the past six months. Equinixโs stock has been trading below its 50-day and 200-day moving averages since mid-November.ย
On Oct. 29, Equinix reported itsย third-quarter results for 2025, which matched or exceeded estimates. The company reported record annualized gross bookings of $394 million, up 25% year-over-year (YOY). Its revenues increased 5.2% from the prior yearโs period to $2.32 billion,ย matching Street estimates.ย
This was predicated upon recurring revenues growing about 7.6% YOY to $2.22 billion. Equinixโs adjusted funds from operations (AFFO) rose 8.6% annually to $9.83 per share, which was higher than theย $9.26 per share that Street analysts had expected. The stock rose 4.4% intraday on Oct. 30 on strong results.ย
We compare Equinixโs performance with that of another REIT, American Tower Corporationย (AMT), which hasย declined 13.4% over the past 52 weeks and 14.7% over the past six months. Therefore, Equinix has been the clear underperformer over the past year.
Wall Street analysts are strongly bullish on Equinixโs stock. The stock has a consensus rating of โStrong Buyโ from the 30 analysts covering it. The mean price target of $969.67 indicates a 28.7% upside compared to current levels. Moreover, the Street-high price target of $1,218 indicates a 61.7% upside.
On the date of publication, Anushka Mukherjee did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
ย
More news from Barchart
