Equinix, Inc. (NASDAQ:EQIX – Get Free Report) Director Christopher Paisley sold 125 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the sale, the director directly owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Price Performance
EQIX opened at $1,077.08 on Thursday. The firm has a market cap of $106.28 billion, a price-to-earnings ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company’s 50-day moving average price is $1,051.68 and its 200 day moving average price is $1,020.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.
Equinix (NASDAQ:EQIX – Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Dividend Announcement
Hedge Funds Weigh In On Equinix
Several large investors have recently made changes to their positions in the business. Cookson Peirce & Co. Inc. grew its stake in Equinix by 5.3% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 1,329 shares of the financial services provider’s stock valued at $1,385,000 after acquiring an additional 67 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Equinix by 3.1% in the second quarter. Wedbush Securities Inc. now owns 898 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 27 shares in the last quarter. Greenleaf Trust lifted its position in shares of Equinix by 1.1% in the second quarter. Greenleaf Trust now owns 1,715 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 19 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares during the period. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of Equinix by 6.6% during the second quarter. New Mexico Educational Retirement Board now owns 4,832 shares of the financial services provider’s stock worth $5,037,000 after purchasing an additional 300 shares during the period. Institutional investors own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on EQIX. Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Barclays upped their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,340.00 price objective on shares of Equinix in a report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.
Get Our Latest Analysis on Equinix
About Equinix
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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