Equinix Stock Rises 22.4% in Six Months: Will the Trend Last?

Shares of Equinix, Inc. (EQIX) have gained 22.4% in the past six months compared with the real estate market’s growth of 2.6%.The robust demand for data center infrastructure amid enterprises’ growing reliance on technology and acceleration in digital transformation strategies has aided this Zacks Rank #3 (Hold) stock in recent years. Its strategic expansion efforts, backed by a healthy balance sheet, have enabled it to capitalize on favorable industry trends so far. Image Source: Zacks Investment Research  ...