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Holly LaFon
Holly LaFon
Articles (5107) 

Baron Funds Comments on Equinix Inc.

May 24, 2012 | About:

Shares of Equinix, Inc. (NASDAQ:EQIX) increased 55.3% in the quarter, as data-center business trends remained strong, and management began to explore converting the company's structure to a REIT. Comparable data-center REITs trade at dramatically higher multiples, and accordingly, investors have begun to revalue Equinix's shares to close that gap. We continue to see meaningful upside in the shares, through both further valuation expansion and continued growth. (Rich Rosenstein)


Rating: 2.3/5 (4 votes)

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