Equinix (NASDAQ:EQIX) Rating Lowered to Sell at Wall Street Zen

Equinix (NASDAQ:EQIX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also recently commented on EQIX. Scotiabank lowered their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a report on Thursday, June 26th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. BMO Capital Markets cut Equinix from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Guggenheim assumed coverage on Equinix in a report on Thursday, July 10th. They set a “buy” rating and a $933.00 target price for the company. Finally, Mizuho decreased their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $960.65.

Equinix Stock Down 1.0%

EQIX opened at $800.60 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $78.35 billion, a price-to-earnings ratio of 78.41, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The business has a 50-day moving average of $782.79 and a two-hundred day moving average of $812.58. Equinix has a 12 month low of $701.41 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts expect that Equinix will post 33.1 earnings per share for the current year.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Equinix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management boosted its stake in shares of Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Equinix by 190.9% during the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Equinix during the 2nd quarter valued at approximately $26,000. Bank of Jackson Hole Trust boosted its stake in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Finally, Abound Wealth Management boosted its stake in shares of Equinix by 209.1% during the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.