Equinix, Inc. is a digital infrastructure provider offering data center colocation and interconnection services globally, facilitating digital interactions. With a market cap of $73.96 billion, it supports enterprises in digital transformation through reliable ecosystems enhancing application performance and secure data exchange.

Despite reaching a 52-week low of $701.41 in April, Equinix’s stock has rebounded by 7.4% but declined by 4.2% in the past three months due to concerns about rising data center capital expenditures. In comparison, the Schwab U.S. REIT ETF has seen marginal gains over the same period.

Equinix’s stock has underperformed, dropping by 23.1% in the past 52 weeks and 14.5% in the past six months, trading below its moving averages since mid-November. In contrast, the Schwab U.S. REIT ETF has declined by 7.3% in the past 52 weeks but gained 2.4% in the past six months.

Equinix reported third-quarter results for 2025, with record annualized gross bookings of $394 million, a 25% year-over-year increase. Revenues rose 5.2% to $2.32 billion, matching estimates, while adjusted funds from operations (AFFO) increased to $9.83 per share, exceeding analyst expectations, leading to a 4.4% stock price rise.

Compared to American Tower Corporation, Equinix has significantly underperformed, with analysts maintaining a “Strong Buy” rating on the stock. The mean price target of $969.67 suggests a 28.7% upside, while the Street-high target of $1,218 indicates a 61.7% potential increase.

Read more at Yahoo Finance: How Is Equinix’s Stock Performance Compared to Other REITs?