Equinix (NASDAQ:EQIX) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Equinix (NASDAQ:EQIX) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other brokerages have also commented on EQIX. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets set a $900.00 price target on shares of Equinix and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $960.76.

Equinix Trading Up 0.7%

EQIX traded up $5.42 during trading on Friday, reaching $824.75. The company had a trading volume of 306,832 shares, compared to its average volume of 586,112. Equinix has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a market cap of $80.98 billion, a P/E ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The business has a 50 day simple moving average of $800.57 and a 200-day simple moving average of $818.07.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, equities analysts anticipate that Equinix will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the sale, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 579 shares of company stock valued at $454,188 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. Westside Investment Management Inc. boosted its holdings in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix during the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust boosted its position in Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Finally, Abound Wealth Management raised its position in Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.