Why Equinix Stock Rose 22% in 2020
The data center REIT has a lot of positive tailwinds behind it.
The Company provides network neutral colocation, interconnection, and managed IT infrastructure services to enterprises, content companies, systems integrators, and network providers in the United States and Asia-Pacific.
The data center REIT has a lot of positive tailwinds behind it.
All three stocks have had a strong year, and been heavily bought by investment managers, but are they still a good value now?
These are the two largest data center REITs.
The leading data center REIT offers services that businesses will continue to need for the foreseeable future.
Investing, ultimately, is about patience, not perfection, and this is a good case in point.
Remote working increases the demand for data.
The data center REIT hasn't skipped a beat amid the COVID-19 pandemic and investors rewarded it for the consistency.
EQIX earnings call for the period ending June 30, 2020.
The data center REIT is one of the few companies to see some benefits from the COVID-19 pandemic.
A resilient business model and No. 1 market position should help it benefit from unprecedented data center demand.