Equinix enables today’s businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
Top analysts feel the growth in artificial intelligence (AI) could be huge for companies like Equinix, as they can provide valuable solutions needed for the development and growth of new technologies.
Shareholders receive a 1.88% dividend. Citigroup’s $825 target price is well above the $784.81 consensus target. Equinix stock closed on Tuesday at $703.17.
SBA Communications
This company continues to find solid growth opportunities, and shares are trading close to a 52-week low. SBA Communications Corp. (NASDAQ: SBAC) is a first-choice provider and leading owner and operator of wireless communications infrastructure in the Americas, South Africa and the Philippines.
It generates revenue from two primary businesses: site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multitenant communication sites to a variety of wireless service providers under long-term lease contracts.
The company’s wireless communications infrastructure includes towers, buildings, rooftops, distributed antenna systems and small cells. Its portfolio includes more than 35,000 communications sites in 16 markets.
The dividend yield here is 1.30%. Credit Suisse has set its target price at $330. SBA Communications stock has a consensus target of $319.80, and shares ended Tuesday trading at $246.99.
Note that in the past three years two of the big data center REITs, CyrusOne and QTS Realty, were purchased at big premiums. So, a takeover of any of these outstanding companies is a possibility, as demand is likely to increase sequentially. All are good fits for growth and income investors looking for income, a degree of safety and solid upside potential.
Originally published at 24/7 Wall St.
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