Shares of Equinix, Inc. (NASDAQ:EQIX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $1,153.3750.
A number of equities research analysts have issued reports on EQIX shares. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research note on Wednesday, May 20th. Barclays increased their price objective on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,207.00 target price on shares of Equinix in a research note on Tuesday, May 5th.
View Our Latest Stock Report on EQIX
Insider Transactions at Equinix
Hedge Funds Weigh In On Equinix
Several institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in shares of Equinix by 13.4% during the 2nd quarter. Versant Capital Management Inc now owns 186 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 22 shares in the last quarter. CX Institutional raised its stake in shares of Equinix by 5.1% in the 2nd quarter. CX Institutional now owns 473 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 23 shares in the last quarter. VectorGlobal IAG Inc. bought a new position in shares of Equinix in the 1st quarter valued at approximately $225,000. Western Wealth Management LLC lifted its holdings in Equinix by 15.9% in the 1st quarter. Western Wealth Management LLC now owns 1,645 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 226 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Equinix by 31.8% during the first quarter. Parallel Advisors LLC now owns 1,090 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 263 shares during the period. 94.94% of the stock is currently owned by institutional investors.
Equinix Price Performance
NASDAQ EQIX opened at $1,002.02 on Friday. The company has a 50 day simple moving average of $1,073.27 and a 200-day simple moving average of $958.14. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $98.82 billion, a price-to-earnings ratio of 69.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. Equinix has a 52-week low of $720.62 and a 52-week high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts predict that Equinix will post 38.26 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were issued a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix’s dividend payout ratio is currently 142.84%.
Equinix Company Profile
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
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