Switch & Data Facilities Company Inc.  (SDXC) Trade Now »     Rate SDXC  -  Discuss SDXC  -  Add to Watch List        

Switch & Data (SDXC), a provider of data center and Internet exchange services,  late Tuesday announced that it has received $100 million of debt financing from a group of banks arranged by RBC Capital. The company said the financing “will accelerate” its capacity expansion program.

In a statement, Switch & Data CEO Keith Olsen said that “improved bookings combined with increasing customer demand afford us the opportunity to accelerate our investments for growth.”

Internet infrastructure stocks are on a tear. Indeed they are veritable "pitbulls on the pantleg of opportunity" following a set of strong Q1 results and broadly encouraging guidance.

Bear in mind that if you view these charts after this writing - 30 April, 2009 - they may look very different, but what they show now is Akamai (AKAM) up 10% Thursday, Savvis (SVVS) hanging tough after a 16% rise Wednesday and having more than doubled since its March lows, Switch & Data (SDXC) has also doubled, Rackspace (RAX) up 74% since early March, and Equinix (EQIX) up 68% since its own March nadir.

In this article, we will examine and compare some metrics for two different Companies active in the colocation business, Equinix (EQIX) and Switch and Data (SDXC).

Both Companies are network neutral, which means that they offer a wide range of competing bandwidth providers in their centers, that may be seen as secure bunkers where customers keep their servers to store Internet content, data, and interconnect to each other or to the final users, through Telecoms, ISPs.

RBC Capital’s Jonathan Atkin today chopped his price targets on a host of cable, broadband access and Web hosting stocks to reflect the softening economy; he cut estimates for most of the same companies. In none of the reports this morning does Atkin give a lengthy description of what the problem is, but really, do you need any?

Here’s a rundown on the target reductions: