Redwood City, California-based Equinix, Inc. (EQIX) is a global digital infrastructure company and a real estate investment trust (REIT) that specializes in internet connectivity and colocation centers. Valued at a market cap of $84.8 billion, the company's services are utilized by a diverse range of industries, including finance, manufacturing, retail, transportation, government, healthcare, and education, to interconnect and manage their digital operations effectively.
This specialty REIT has outpaced the broader market over the past 52 weeks. Shares of EQIX have soared 10.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.1%. However, on a YTD basis, the stock is down 8.1%, lagging behind SPX’s marginal drop.
