10:08 AM EDT, 07/21/2025 (MT Newswires) -- (Updates with Equinix ( EQIX ) response in the fourth paragraph)

Equinix ( EQIX ) is under pressure from Elliott Investment Management, which has built up its stake in the data center operator and is pushing for steps to boost Equinix's ( EQIX ) share price, Bloomberg reported Monday, citing people knowledgeable about the matter.

The report said Elliott, which had disclosed holding 150,000 shares or about 0.2% of Equinix ( EQIX ), may push for additional margin improvements, a potential buyback, or revisions to a capital expenditure plan.

Bloomberg said engagement between Equinix ( EQIX ) and Elliott has been described as collaborative so far.

"Equinix ( EQIX ) is focused on executing our strategy and driving value for shareholders. We regularly engage with our investors, including Elliott, to better understand their perspectives as we advance this goal," an Equinix ( EQIX ) spokesperson said in an e-mailed statement to MT Newswires

Elliott did not immediately respond to MT Newswires' request for comment.

Shares of Equinix ( EQIX ) were up 2.3% in recent premarket activity Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 795.33, Change: +17.55, Percent Change: +2.26