Equinix (EQIX) shares have experienced a great run up in the last few years, and have recently reached their 52wk high at over $700.
Chart from Seeking Alpha, edited for clarity
We believe Equinix is benefiting from positive secular trends in the Internet infrastructure sector, but that the company has also unique characteristics that set it apart from other colocation (data center) providers.
The purpose of this article is to resume our analysis of Equinix's business model, competitive positioning and long-term prospects, with strong emphasis on providing investors with a single metric to