Equinix ($EQIX) connects the world’s leading businesses to their customers, employees and partners in 44 markets across five continents. $EQIX is a data center company. Riding on the ecommerce, cloud services and data usage boom, its share price has been on a big upcycle.
From its chart, it likely that it still has more room to run up to its final 261.8% fib extension from its 2009 lows of about $550. A pullback soon should be seen as a buying opportunity. Of the listed data center REITs in the NASDAQ, $EQIX is the most globally diversified.