Somewhat Positive Press Coverage Somewhat Unlikely to Impact Equinix (EQIX) Stock Price
News coverage about Equinix (NASDAQ:EQIX) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equinix earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.6660504464707 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Equinix Invests $32 Million to Expand Footprint in Hong Kong with New Data Center Opening – Markets Insider (markets.businessinsider.com)
- Watch for Equinix Inc to Potentially Pullback After Gaining 2.51% Yesterday (mysmartrend.com)
- Investor Focus on Shares of Equinix, Inc. (NASDAQ:EQIX) – Jonesboro Recorder (jonesbororecorder.com)
- Bargain or Bait? Stock Update on LyondellBasell Industries NV (NYSE:LYB) and Equinix, Inc. (NASDAQ:EQIX) – FLBC News (flbcnews.com)
Equinix (NASDAQ:EQIX) opened at 448.33 on Wednesday. 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 for the quarter, beating the Zacks’ consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, equities analysts expect that Equinix will post $3.90 EPS for the current fiscal year.
The business 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. The ex-dividend date is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.78%. Equinix’s payout ratio is 293.04%.
A number of research firms recently weighed in on EQIX. Barclays PLC reaffirmed an “equal weight” rating and set a $475.00 price target (up from $410.00) on shares of Equinix in a report on Wednesday, August 9th. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada raised their price target on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Cowen and Company reaffirmed an “outperform” rating and set a $482.00 price target (up from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $497.00 price target (up from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and an average price target of $464.78.
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In related news, insider Yau Tat Lee sold 5,875 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total value of $2,577,362.50. Following the completion of the sale, the insider now directly owns 5,485 shares in the company, valued at $2,406,269.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 1,476 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $437.34, for a total value of $645,513.84. Following the completion of the sale, the insider now owns 243 shares of the company’s stock, valued at $106,273.62. The disclosure for this sale can be found here. Insiders sold 22,143 shares of company stock valued at $9,703,456 over the last 90 days. 0.58% of the stock is currently owned by company 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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