Equinix (NASDAQ:EQIX) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Equinix (NASDAQ:EQIX) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Scotiabank cut their target price on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, JMP Securities reissued a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $960.65.

Equinix Stock Up 0.7%

Shares of NASDAQ:EQIX opened at $806.29 on Friday. The stock’s 50-day moving average price is $783.35 and its 200-day moving average price is $812.60. Equinix has a 12-month low of $701.41 and a 12-month high of $994.03. The stock has a market capitalization of $78.90 billion, a P/E ratio of 78.97, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s payout ratio is presently 183.74%.

Insider Activity at Equinix

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

Hedge Funds Weigh In On Equinix

Large investors have recently made changes to their positions in the business. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Equinix during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust lifted its holdings in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Abound Wealth Management lifted its holdings in shares of Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.