Equinix To Join The S&P 500 Index
Global interconnection and data center company selected to help make the Standard & Poor's 500 Index more representative of its market capitalization range
Equinix, Inc. has announced that it has been added to the S&P 500 index, moving from the S&P MidCap 400. This will take effect after the close of trading on Friday, March 20, and will make each index more representative of its market capitalization range.
"Achieving S&P 500 status is an outstanding accomplishment, and a reflection on the unique role that we play in the broader technology and distributed infrastructure industries," said Steve Smith, CEO for Equinix. "Equinix sits at the middle of several secular trends in the industry including mobility, cloud computing and the Internet of Things, which has helped us grow the company's revenues by 14% year-over-year in 2014. Additionally, with our conversion to a REIT, we are well positioned to continue delivering shareholder value in the coming year. The S&P 500 is great validation of what we've worked so hard to achieve."
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.