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Equinix, Inc.

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Estimates for the global data center operator, Equinix, have been stable of late.  The company has been witnessing strong year-over-year revenue growth for the past several quarters, mainly driven by high demand for Equinix’s cloud services by corporations. Additionally, the company’s recurring revenue model and current expansion plans are encouraging. In April 2017, it announced a billion dollar aggressive expansion plan, which includes unveiling data centers, acquisitions and expansion of existing facilities as well. The stock has outperformed the industry to which it belongs to in the past one year. Nonetheless, we are concerned about the company’s growing debt burden, which will adversely affect the operating results as interest expense would go up.

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