Equinix Lagos Data Center Investment Tied To Valuation And Momentum

Equinix is investing $22 million in a new LG3 data center in Lagos, Nigeria. The Lagos build out expands the company’s presence in Africa as part of its broader regional plan. The project is aimed at supporting rising demand for digital infrastructure and connectivity across the continent.

For investors watching NasdaqGS:EQIX, the Lagos investment comes alongside a share price of $951.97 and reported recent returns of 11.1% over the past week, 18.7% over the past month, and 24.6% year to date. The stock has also reported returns of 44.1% over 3 years and 58.4% over 5 years, which places this new project against a backdrop of steady long term performance data.

The LG3 data center could be relevant for Equinix as it builds out its global platform and serves customers seeking additional reach into African markets. Investors may want to monitor how the company executes in Lagos and whether it pursues additional projects across the continent as digital infrastructure needs change.

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NasdaqGS:EQIX Earnings & Revenue Growth as at Feb 2026

📰 Beyond the headline: 1 risk and 4 things going right for Equinix that every investor should see.

Quick Assessment ⚖️ Price vs Analyst Target: At $951.97, Equinix trades roughly 5.7% below the US$1,009.77 analyst price target, which sits comfortably within the forecast range of US$870 to US$1,200. ✅ Simply Wall St Valuation: The shares are assessed as undervalued, trading about 30.3% below an estimated fair value. ✅ Recent Momentum: The 30 day return of roughly 18.7% shows strong recent momentum as the Lagos expansion is announced.

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Key Considerations 📊 The Lagos investment expands Equinix’s footprint in Africa, which could broaden its customer reach if demand for regional connectivity continues to build. 📊 Watch how revenue, margins and capital spending trend as LG3 ramps, especially given the current P/E of about 69.3 versus an industry average of roughly 30.8. ⚠️ The company is flagged as having a high level of debt, so investors may want to see that new projects are supported by disciplined funding and cash generation. Dig Deeper

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