Jim Cramer on Equinix: "It's Okay and I Like to Do Better Than Okay"

Equinix, Inc. (NASDAQ:EQIX) is one of the stocks Jim Cramer was asked about. A caller asked if they should hold, sell, or buy the stock. Here’s what Mad Money’s host had to say:

“No, no… it’s expensive. Your read on it is correct. I find other ways to be able to play cloud and data center that are better, and I think that have, to me, have more certainty to it. So I think you’ve made the right move. No need to put more money in Equinix. As far as I’m concerned, it’s okay, and I like to do better than okay.”

Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure and data center services that enable global connectivity and digital experiences. A caller asked for Cramer’s advice on the company’s stock during the August 12 episode, and he replied:

“Equinix is still too expensive. That’s the commodity side of this business. I don’t want you in the commodity side. If it came much lower, we would take a really hard look at it.”

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Disclosure: None. This article is originally published at Insider Monkey.