Data Center Construction Booming

An Equinix (NASDAQ:EQIX) report says investments in data center construction grew 24 percent year-over-year in 2011 to $2.4 billion, with no signs of letting up in 2012.

The increasing consumption of cloud services, online video and other web applications is sustaining high demand that could lead to a shortage of colocation spaces. Besides Equinix, other key players include CoreSite Realty (NYSE:COR), Digital Realty (NYSE:DLR), DuPont Fabros (NYSE:DFT), InterXion (NYSE:INXN) and Rackspace (NYSE:RAX).

Here’s how these stocks are trading now:

Equinix, Inc. (NASDAQ:EQIX): EQIX shares recently traded at $116.43, up $0.31, or 0.27%. They have traded in a 52-week range of $80.85 to $116.12. Volume today was 67,714 shares versus a 3-month average volume of 712,569 shares. The company’s trailing P/E is 70.31, while trailing earnings are $1.66 per share.

CoreSite Realty Corporation (NYSE:COR): COR shares recently traded at $19.52,. They have traded in a 52-week range of $12.34 to $19.70. Volume today was 1,049 shares versus a 3-month average volume of 132,655 shares. The company’s trailing earnings are $-0.18 per share.

Digital Realty Trust Inc. (NYSE:DLR): DLR shares recently traded at $68.43, up $0.35, or 0.51%. They have traded in a 52-week range of $50.63 to $68.08. Volume today was 21,461 shares versus a 3-month average volume of 1,175,830 shares. The company’s trailing P/E is 55.05, while trailing earnings are $1.24 per share.

DuPont Fabros Technology, Inc. (NYSE:DFT): DFT shares recently traded at $24.23, up $0.03, or 0.12%. They have traded in a 52-week range of $18.62 to $26.86. Volume today was 9,704 shares versus a 3-month average volume of 772,739 shares. The company’s trailing P/E is 34.86, while trailing earnings are $0.70 per share.

InterXion Holding NV (NYSE:INXN): INXN shares recently traded at $13.98, up $0.06, or 0.43%. They have traded in a 52-week range of $10.71 to $15.88. Volume today was 400 shares versus a 3-month average volume of 76,782 shares. The company’s trailing P/E is 26.83, while trailing earnings are $0.52 per share.

Rackspace Hosting, Inc (NYSE:RAX): RAX shares recently traded at $42.51, up $0.03, or 0.07%. They have traded in a 52-week range of $30.34 to $46.49. Volume today was 53,180 shares versus a 3-month average volume of 1,580,680 shares. The company’s trailing P/E is 90.44, while trailing earnings are $0.47 per share.