$1065.06
-3.2% vs S&P 12m
Business overview
Global interconnection-led colocation operator with growing xScale hyperscale joint ventures.
Interconnection density is becoming a moat for AI inference deployments where east-west traffic between models, tools, and data matters.
Products
- Colocation
- Interconnection (ECX Fabric)
- xScale
Customers (3)
- Hyperscalers
- Enterprises
- Carriers
Competitors (3)
- Digital Realty
- NTT
- CoreSite (AMT)
Composite score
Higher = stronger overall research case
Fundamental65
Technical75
Valuation44
AI relevance65
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 91
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 7.7%6M RS: 25.7%12M RS: -3.2%Vol30d: 19%DD52w: -4.5%
Financial summary
Curated, illustrative
Revenue
$9.53B
Growth (YoY)
12.1%
Gross margin
51.6%
Operating margin
24.3%
FCF
$2.73B
Capex
$1.09B
Net cash / (debt)
$-21.97B
ROIC
3.5%
Customer conc.
Medium
Valuation
Market cap
$105.04B
Enterprise value
$127.01B
P/E (TTM)
73.6x
Forward P/E
55.4x
EV / Sales
13.3x
EV / EBITDA
29.7x
P / FCF
38.5x
PEG
3.4x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Capex absorption
- 3Premium AFFO multiple
Score components
What drove the composite
Growth54
Profitability74
Cash generation89
Balance sheet22
Moat / AI relevance75
Capital intensity (higher = lighter)56
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)68
Relative strength50
Realized vol (higher = lower vol)80
Segment peers
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