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Citi Remains Unfazed By Enron Collapse Predictor's Bearishness On These Data Center Stocks

Citi Remains Unfazed By Enron Collapse Predictor's Bearishness On These Data Center Stocks

花旗對安然崩盤預測者對這些數據中心股票的看跌情緒仍然毫不動搖
Benzinga Real-time News ·  2022/07/02 02:10
  • Citi analyst Michael Rollins noted data center stocks Equinix, Inc (NASDAQ:EQIX), Digital Realty Trust, Inc (NYSE:DLR), Cyxtera Technologies, Inc (NASDAQ:CYXT) were down an average of >5% on July 1 on reports (including Financial Times) that an investor is "betting against 'legacy' data centers that now face growing competition from the trio of tech giants that have been their biggest customers..." 
  • Short-seller Jim Chanos betted against "legacy" data centers that now face growing competition from the trio of tech giants that have been their biggest customers. 
  • The giants included Amazon.com Inc (NASDAQ:AMZN) Amazon Web Services, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOG) Google Cloud, and Microsoft Corp (NASDAQ:MSFT) Azure.
  • Chanos, known for predicting the collapse of energy group Enron, raised several hundred million dollars for a fund that will take short positions in U.S.-listed real estate investment trusts. 
  • Rollins does not see any new risks for the category. He believes the sizeable hyper-scale cloud customers will likely stay customers and competitors within the data center ecosystem as many enterprise firms seem likely to employ hybrid-cloud architectures. 
  • The concerns raised by the article do not meaningfully change his generally positive demand outlook. 
  • He prefers retail-centric data center assets that can differentiate their portfolios around ecosystems and high levels of connectivity (network & cloud). 
  • Buy-rated EQIX remains his top data center pick, while he maintained Buy on DLR and Neutral on CYXT. 
  • Price Action: EQIX shares traded higher by 1.47% at $666.65 on the last check Friday.
  • 花旗銀行分析師邁克爾·羅林斯指出了數據中心股票Equinix, Inc（納斯達克股票代碼：EQIX），數字房地產信託公司（紐約證券交易所代碼：DLR），Cyxtera 科技公司納斯達克股票代碼：CYXT）在7月1日平均下跌超過5％，原因是有報道稱（包括《金融時報》），投資者 “押注'傳統'數據中心，這些數據中心現在面臨着來自三家科技巨頭的日益激烈的競爭，這三家科技巨頭一直是其最大客戶...”
  • 賣空者吉姆·查諾斯將賭注押在 “傳統” 數據中心，這些數據中心現在面臨着來自三家科技巨頭的日益激烈的競爭，而這三家巨頭一直是他們最大的客戶。
  • 巨人包括在內亞馬遜公司（納斯達克股票代碼：AMZN）亞馬遜網絡服務，Alphab（納斯達克股票代碼：GOOG）（納斯達克股票代碼：GOOG）谷歌雲和微軟公司（納斯達克股票代碼：MSFT）Azure。
  • 查諾斯以預測能源集團安然的倒閉而聞名，他爲一家將在美國上市的房地產投資信託基金中持有空頭頭寸的基金籌集了數億美元。
  • 羅林斯認爲該類別沒有任何新的風險。他認爲，龐大的超大規模雲客戶可能會留在數據中心生態系統中的客戶和競爭對手，因爲許多企業似乎可能會採用混合雲架構。
  • 這篇文章提出的擔憂並沒有有意義地改變他普遍樂觀的需求前景。
  • 他更喜歡以零售爲中心的數據中心資產，這些資產可以圍繞生態系統和高度連接（網絡和雲）實現投資組合的差異化。
  • 買入評級的EQIX仍然是他的首選數據中心，而他在DLR上維持買入，在CYXT上維持中性。
  • 價格走勢：週五的最後一張支票中，EQIX股價上漲了1.47％，至666.65美元。

譯文內容由第三人軟體翻譯。


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