Benchmark Maintains Buy on Equinix

Benchmark is out with its report today on Equinix EQIX, maintaining Buy. In its report, Benchmark writes, "Equinix operating momentum appears solid with colocation channel checks indicating sustained growth and no noticeable impact from the slowing macro economy. Colocation remains in high demand due to the digitization of the global economy, including rapidly emerging cloud services. We maintain a Buy rating." Shares of EQIX closed Thursday at $92.31, down 2.19% from Wednesday's close.