5 High Growth NASDAQ Stocks That Are Profitable

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In this article, we discuss 5 high growth NASDAQ stocks that are profitable. If you want to see more high growth NASDAQ stocks that are profitable, the risk/reward, and methodology of this list, go directly to 12 High Growth NASDAQ Stocks That Are Profitable.

5. Equinix, Inc. (NASDAQ:EQIX)

Annual AFFO growth likely substantially lower than 20.1% a year given the company grew 2022 AFFO by 11%.

AFFO (TTM) as of December 31, 2022 : $2.714 billion

Equinix, Inc. (NASDAQ:EQIX) is the largest global data center and colocation provider for enterprise network and cloud computing. As a REIT, the company’s 2022 annual sales rose 9% year over year to $7.3 billion and the company also had AFFO of $2.714 billion, an 11% increase over the previous year. Because the company is a REIT, the EPS next 5 year ratio of 20.1% according to FINVIZ.com isn’t really relevant. Given the ranking criteria using EPS next 5 year ratio, the stock ranks on our list in this position even though its annual AFFO growth in the future is likely substantially slower.

Nevertheless, Equinix, Inc. (NASDAQ:EQIX) does have growth potential in the long term given the expected continued growth in cloud computing. Shares have declined from 2021 due to higher interest rates. If interest rates rise more than expected could be more headwinds in the near term.

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