EQIX · a US exchange · USD · Market cap $106.9B · 13,716 employees
Equinix, Inc.
FAIL · Does not pass the screen
1,084.24 USD
At the last full screen 2026-07-24
Screened 2026-07-24 · the tape above runs as of 22:40 UTC · 24 Jul · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Equinix holds its Markdown at $1,084.24. Consolidating, no directional conviction, held for 50 days.
As held on the ledger · 2026-07-24
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 50 days
Price at the screen
$1,084.24
Valuation
74.93 trailing · 56.14 forward price to earnings
Values screen
FAIL· score 10.0
Beta
0.97
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
56.62%
Below 33%
Interest-bearing debt is 56.6% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
1.37%
Below 33%
Cash held in interest-bearing accounts and securities is 1.4% of assets, under the one-third limit.
Pass
Receivables
6.80%
Below 49%
Money owed to the company is 6.8% of assets, under the 49% limit.
Pass
Revenue purity
2.09%
Below 5%
Only 2.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades above our $759.51 fair value estimate, moderate competitive moat, 12.10% revenue growth.
Fair value range in USD, drawn from the 2026-07-24 screen. The gold marker is the market price at the same screen. The price runs 30.0% above the base estimate.
Third-party analyst targets: 29 covering, consensus Buy. The average target sits +12% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-07-24 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Data centre landlord charging more than it delivers
Picture the biggest cloud firms and banks needing a neutral meeting point for their servers. Equinix built that global handshake and still grows revenue at 12 percent a year. The trouble is the market already prices every future handshake at a 52.8 times forward multiple, well above our fair value.
We pass because the shares sit 26 percent above the level that would give a margin of safety and because the balance sheet fails our debt screen. A 15 percent profit margin and 10 percent return on equity do not justify stretching the valuation that far when leverage remains elevated.
Analyst targets sit higher still, yet the ethical flag on debt and the stretched multiple together outweigh the growth story. The business itself is solid infrastructure, just not at this price.
The risks · The things to watch: it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
EQIX trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-07-24Markdown$1,020.00+0.0%Entry 6
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 25% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (28 analysts) rates it buy, with a mean price target of $1197. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-23Markdown$1,020.00+0.0%Entry 5
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 25% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (28 analysts) rates it buy, with a mean price target of $1197. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-22Markdown$1,020.00-5.6%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 5.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 25% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (28 analysts) rates it buy, with a mean price target of $1197. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-18Markdown$1,080.95+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 25% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (28 analysts) rates it buy, with a mean price target of $1197.
2026-07-03Markdown$1,080.95+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markdown$1,080.95Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
