Piper Jaffray Reports Equinix Continues To Be Bullish

In a report published by Piper Jaffray, Equinix EQIX continues to be bullish.

Piper Jaffray said that it recently hosted investor meetings with the senior management of Equinix. “We continue to be bullishly confident about the company's prospects and the current valuation. Investors we met with shared similar concerns with each other, and we think time will help alleviate them, driving the stock higher. While investors were focused on small movements in average revenue per rack, Equinix has maintained a firm pricing discipline. While discounting has always occurred, we do not believe it is any more prevalent; some contract structures with upfront discounts can provide much better longer term economics.”

Equinix closed yesterday at $84.92.