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Equinix Inc EQIX

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Reliance on Edge Computing Will Develop Slowly; Opportunity Modest for Infrastructure Providers

Matthew Dolgin, CFA Equity Analyst

Analyst Note

| Matthew Dolgin, CFA |

The potential of edge computing has caused excitement across multiple industries. We believe edge computing is relevant and real, but we don't believe it will upend historical network architectures or completely change the landscape for communications infrastructure businesses--towers, data centers, and network carriers.

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Company Profile

Business Description

Equinix is a retail provider of data centers, enabling hundreds of enterprise tenants to house their servers and networking equipment in a colocated environment. Tenants can then connect with each other, cloud service providers, and telecom networks. Equinix operates 227 data centers in 63 markets worldwide and owns just less than half of them. The firm has nearly 10,000 customers, including 1,800 networks, that are dispersed over five verticals: Cloud and IT Services, Content Providers, Network and Mobile Services, Financial Services, and Enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from connecting customers with each other. Equinix operates as a real estate investment trust.

Contact
One Lagoon Drive
Redwood City, CA, 94065
T +1 650 598-6000
Sector Real Estate
Industry REIT - Specialty
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Hard Assets
Employees 10,013

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