Somewhat Positive News Coverage Somewhat Unlikely to Affect Equinix (EQIX) Stock Price
News articles about Equinix (NASDAQ:EQIX) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equinix earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9756406177832 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- AWS Direct Connect Service now Available in Equinix New York Data Centers – PR Newswire (press release) (prnewswire.com)
- Equinix Inc (EQIX) Chaikin Money Flow Climbs Above Zero – Berry Recorder (berryrecorder.com)
- Can Intuitive Surgical, Inc. (NASDAQ:ISRG) or Equinix, Inc. (NASDAQ:EQIX) Climb The Ladder? – FLBC News (flbcnews.com)
- Norges Bank Bought A Lot More Equinix, Inc. (EQIX) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
Several research firms recently weighed in on EQIX. Barclays PLC restated an “equal weight” rating and set a $475.00 price target (up from $410.00) on shares of Equinix in a report on Wednesday. BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research note on Monday. Cowen and Company reiterated an “outperform” rating and issued a $482.00 target price (up from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $497.00 target price (up from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Equinix has an average rating of “Buy” and an average price target of $464.78.
Shares of Equinix (NASDAQ EQIX) traded up 0.10% during mid-day trading on Friday, hitting $439.92. 140,081 shares of the company were exchanged. The company has a market capitalization of $34.29 billion, a P/E ratio of 161.56 and a beta of 0.59. The company has a 50 day moving average of $437.69 and a 200 day moving average of $412.12. Equinix has a 52 week low of $314.55 and a 52 week high of $459.00.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $1.18. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. Equities analysts anticipate that Equinix will post $3.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 21st. Equinix’s payout ratio is 293.04%.
In other Equinix news, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the transaction, the chief executive officer now owns 18,967 shares of the company’s stock, valued at $8,205,124.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yau Tat Lee sold 5,875 shares of Equinix stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the transaction, the insider now directly owns 5,485 shares in the company, valued at approximately $2,406,269.50. The disclosure for this sale can be found here. In the last three months, insiders sold 22,143 shares of company stock worth $9,703,456. 0.58% of the stock is currently owned by insiders.
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Equinix Company Profile
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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