Benchmark Maintains Buy on Equinix (EQIX)

Benchmark is out with its report today on Equinix (NASDAQ: EQIX), maintaining Buy.

In a note to clients, Benchmark writes, "Equinix' 4Q10 report was as expected although its 1Q11 outlook was a tad light. Trends remain solid with 18% y/y revenue growth excluding Switch & Data. Crossconnects were strong but “firm” pricing remains disputable. We believe strong secular trends of growing IP traffic and the digitization of the global economy trump minor pricing variances. Our rating remains Buy."

Benchmark has a $105 PT on EQIX.

At the time of posting, shares of EQIX were trading at $89.89, up 1.41% from Wednesday's close.