Equinix (EQIX) Earning Somewhat Favorable Media Coverage, Accern Reports
Media stories about Equinix (NASDAQ:EQIX) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Equinix earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.1302848205864 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Equinix (EQIX) Stock Retains Buy Recommendation (investorplace.com)
- Why The Private Internet Is Growing So Fast (finance.yahoo.com)
- Stock on Buy Line: Equinix, Inc. (EQIX) – Street Observer (press release) (streetobserver.com)
- Equinix names new chief product officer, chief customer officer – Seeking Alpha (seekingalpha.com)
- Equinix Appoints Brian Lillie, Chief Product Officer, and Laura Ortman, Chief Customer Officer (finance.yahoo.com)
EQIX has been the subject of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Equinix in a research note on Friday, June 30th. They issued an “outperform” rating and a $510.00 price target for the company. Macquarie reiterated an “outperform” rating and issued a $450.00 price target on shares of Equinix in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and issued a $525.00 price target on shares of Equinix in a research note on Monday, June 12th. Royal Bank Of Canada raised their price objective on shares of Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $410.00 price objective on shares of Equinix in a report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Equinix presently has an average rating of “Buy” and an average target price of $470.28.
Equinix (EQIX) opened at 442.97 on Thursday. Equinix has a one year low of $314.55 and a one year high of $475.28.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, equities research analysts forecast that Equinix will post $3.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd were given a $2.00 dividend. The ex-dividend date was Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.81%. Equinix’s dividend payout ratio is presently 293.04%.
In other news, Director Camp Peter Van sold 4,444 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the transaction, the director now owns 8,572 shares in the company, valued at approximately $3,821,483.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total value of $436,120.00. Following the transaction, the chief financial officer now owns 32,996 shares in the company, valued at approximately $14,390,215.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,711 shares of company stock worth $4,813,045. Insiders own 0.58% of the company’s stock.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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