Redwood City, California-based Equinix, Inc. (EQIX) is a data center real estate investment trust (REIT) that provides highly interconnected colocation and digital infrastructure solutions to enterprises, cloud providers, and network operators. Valued at a market cap of $76.5 billion, the company operates a global platform of carrier-neutral facilities that support reliable, secure, and scalable data exchange across markets.
Shares of this specialty REIT have considerably lagged behind the broader market over the past 52 weeks. EQIX has declined 14.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, on a YTD basis, the stock is down 17.4%, compared to SPX’s 12.5% uptick.
