Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Equinix (EQIX) Stock Price
Media stories about Equinix (NASDAQ:EQIX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equinix earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.5632381896101 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Plug Power Inc. (PLUG) registers a price change of 2.48% while Equinix, Inc. (EQIX) finishes with a flow of 4.63% – Stocks Gallery (stocksgallery.com)
- Stocks Alert: Equinix, Inc., (NASDAQ: EQIX), Capstone Turbine Corporation, (NASDAQ: CPST), CR Bard, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Equinix Hits 80-Plus Relative Strength Rating Benchmark (finance.yahoo.com)
- Equinix (EQIX) Beats on Q3 AFFO & Revenues, Guides Well – Nasdaq (nasdaq.com)
- Edited Transcript of EQIX earnings conference call or presentation 1-Nov-17 9:30pm GMT (finance.yahoo.com)
A number of research analysts have issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $515.00 price target (up previously from $510.00) on shares of Equinix in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $497.00 price target (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a $550.00 price target on shares of Equinix in a report on Friday. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, UBS Group AG (USA) assumed coverage on shares of Equinix in a report on Wednesday, October 18th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $492.47.
Shares of Equinix (EQIX) opened at $486.65 on Friday. The stock has a market cap of $38.09 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 3.05 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.69 and a current ratio of 2.11.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $3.95 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. research analysts forecast that Equinix will post 16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is presently 264.03%.
In other Equinix news, insider Karl Strohmeyer sold 250 shares of Equinix stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $464.96, for a total value of $116,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $455.42, for a total transaction of $683,130.00. Following the completion of the sale, the chief financial officer now directly owns 29,596 shares of the company’s stock, valued at approximately $13,478,610.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,411 shares of company stock valued at $5,152,777. 0.58% of the stock is currently owned by insiders.
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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