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Equinix Stock Closes In On Key Rating Benchmark; Still Has Work To Do To Become A Top Performer

With customers and partners like Netflix, Amazon.com, Cisco Systems and Alphabet’s Google, data center provider Equinix (EQIX) has a seat at the table of one of the biggest tech families. On Tuesday, the Relative Strength (RS) Rating for Equinix stock climbed to 75. That’s a welcome improvement, but still short of the 80 or higher score that CAN SLIM investors look for.

The 75 RS Rating means that Equinix stock is outperforming 75% of all stocks, regardless of industry group. The best-performing stocks often have an RS Rating of at least 80 as they launch their largest climbs. See if Equinix can continue to show renewed price strength and clear that threshold.

Equinix Stock Ratings Mixed

Equinix provides network neutral colocation and management services, meaning it’s free to work with any and all big data network providers such as Amazon‘s (AMZN) cloud computing platform, Amazon Web Services.

Among other key ratings, Redwood City, Calif.-based Equinix has an 82 EPS Rating and a 77 Composite Rating. One yellow flag — Equinix stock has a D+ Accumulation/Distribution Rating, indicating institutional investors are not very interested right now.

Equinix posted 7% EPS growth last quarter to $6.94. Sales increased 10% to $1.68 billion, at least its fourth quarter in a row of double-digit revenue growth.

Equinix stock climbed from a 586.73 intraday low in early March to an all-time high 885.26 on Sept. 3. It dropped amid the recent market turbulence but has recovered recently and trades above both its 50-day and 200-day lines. Tuesday afternoon, Equinix was roughly flat at 819.76, not bad on a day the Dow plunged more than 500 points.


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Equinix is trying to complete a consolidation with an 885.36 buy point. See if it can clear the breakout price in volume at least 40% above average.

Industry Group Peers

Equinix holds the No. 53 rank among its peers in the Finance-Property REITs industry group. Extra Space Storage (EXR) and Life Storage (LSI) are among the group’s highest-rated stocks.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique Relative Strength Rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.

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