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Equinix Inc EQIX Stock Quote

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Morningstar‘s Stock Analysis EQIX

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Equinix’s Global, Network-Dense Footprint Gives It a Strong Advantage and Opportunities for Growth

Matthew Dolgin, CFA Equity Analyst

Business Strategy and Outlook

| Matthew Dolgin, CFA |

Equinix is the largest provider of colocation data centers in the world, and it has developed network-dense locations in major cities that would be extremely difficult for competitors to replicate. Telecom networks, cloud service providers, and other enterprises house their equipment and connect with each other at Equinix locations, and the presence of each attracts the others. We expect the importance of interconnection will continue to grow, and in our view, no company is better positioned to take advantage than Equinix.

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Key Statistics EQIX

Company Profile EQIX

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 240 data centers in 66 markets worldwide and owns just less than half of them. The firm has roughly 10,000 customers, including 2,000 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.

One Lagoon Drive
Redwood City, CA, 94065
T +1 650 598-6000
Industry REIT - Specialty
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 10,944

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