Equinix Stock Up 11% in Three Months: Will the Trend Last?
Equinix(EQIX) ZACKS·2024-11-23 00:21
Shares of Equinix, Inc. (EQIX) have risen 11.6% in the past three months against the real estate market’s decline of 0.1%.The robust demand for data center infrastructure amid enterprises’ growing reliance on technology and acceleration in digital transformation strategies has aided this REIT in recent years. Its strategic expansion efforts, backed by a robust balance sheet, have enabled it to capitalize on favorable industry trends so far.In October, Equinix reported third-quarter 2024 adjusted funds from ...