Equinix (EQIX) Receives Coverage Optimism Score of 0.20
Media stories about Equinix (NASDAQ:EQIX) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty 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 coverage optimism score of 0.20 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.3946976098208 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Equinix Com Par $0.001 (EQIX) Market Value Rose While Exxonmobil Investment Management Decreased Its Holding … – Hill Country Times (hillcountrytimes.com)
- mixed trade action was cited for Equinix, Inc. (REIT) (EQIX) on Friday – Times Money (thetimesmoney.org)
- Why Investors Should Hold Equinix (EQIX) for Higher Returns? – Nasdaq (nasdaq.com)
- MEDIA ALERT: Equinix to Speak at Upcoming Citi 2018 Global TMT West Conference – PR Newswire (press release) (prnewswire.com)
Several research analysts recently weighed in on EQIX shares. Citigroup raised their target price on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley raised their target price on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Oppenheimer raised their target price on Equinix to $525.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price for the company in a research note on Monday, November 6th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $440.00 target price on shares of Equinix in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $502.95.
Shares of Equinix (NASDAQ EQIX) traded up $8.71 during trading on Monday, reaching $458.20. The company had a trading volume of 532,480 shares, compared to its average volume of 479,520. The stock has a market cap of $35,170.00, a P/E ratio of 148.77, a P/E/G ratio of 1.56 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix has a 1 year low of $361.90 and a 1 year high of $495.35.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.95 EPS. research analysts forecast that Equinix will post 16.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, November 14th. Equinix’s dividend payout ratio is currently 259.74%.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $455.42, for a total value of $683,130.00. Following the transaction, the chief financial officer now directly owns 29,596 shares of the company’s stock, valued at approximately $13,478,610.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $463.61, for a total value of $92,722.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,193 shares of company stock valued at $2,892,191. Company insiders own 0.58% of the company’s stock.
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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