Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for July, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Equinix Inc. (EQIX - Analyst Report) is looking forward to expand further in the Middle East via its newly acquired International Business Exchange (IBX) data center in Dubai. For this, Equinix will work jointly with United Arab Emirates-based telecom operator, du. Together, the companies will offer seamless interconnection and colocation services through the carrier-neutral data center to cloud service providers, financial services providers, content providers and enterprises.
The data center will host 650 cabinets within its 44,000 square feet area. The first phase, which is likely to be fully operational by January 1, 2013, will cost around $40.0 million. Leveraging Equinix’s state-of-the-art IBX data center in Dubai, the local clients of both the companies will have better access to traders around the world.
The Middle East holds huge business potential, which is evident from the growing demand for data center services across the region. A study conducted by networking giant Cisco Systems Inc. (CSCO - Analyst Report) reveals that cloud traffic in the Middle East and Africa could grow at a compound annual growth rate (CAGR) of 79.0% up to 2016, which seems to be pretty high to drive Equinix’ business in the Europe, Middle East and Africa (EMEA) region. Reportedly, the region has been performing well over the past few quarters.
In the recently concluded third quarter, the EMEA region generated 23.0% of Equinix’s total revenue, registering year-over-year growth of 21.3%.
The growing demand for big data exchanges call for greater usage of data centers. To meet this global need, Equinix is expanding its IBX data center footprint globally and becoming popular among tech majors looking for data management. The company’s worldwide presence has resulted in high network density with a vertically focused approach, which will continue to support demand.
We are optimistic about the company’s recurring revenue model and expansion plans. Despite all the positives, competitive threats from the likes of AT&T Inc. (T - Analyst Report) and Verizon Inc. (VZ - Analyst Report) raise our apprehension. European exposure and industry consolidation are also causes for concern.
Currently, Equinix has a Zacks #3 Rank, implying a short-term Hold rating.
Get the full Analyst Report on T - FREE
Get the full Analyst Report on EQIX - FREE
Get the full Analyst Report on CSCO - FREE
Get the full Analyst Report on VZ - FREE