Equinix (EQIX) Receiving Somewhat Positive Press Coverage, Analysis Shows

News stories about Equinix (NASDAQ:EQIX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. 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 daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.2497597485301 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of analysts recently issued reports on EQIX shares. TheStreet upgraded Equinix from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. BidaskClub upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Monday, June 25th. Credit Suisse Group set a $525.00 price objective on Equinix and gave the company a “buy” rating in a research note on Thursday, May 3rd. Deutsche Bank boosted their price objective on Equinix from $545.00 to $550.00 and gave the company a “buy” rating in a research note on Tuesday, April 17th. Finally, Deutsche Bank decreased their price objective on Equinix from $550.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $508.30.

Shares of NASDAQ EQIX opened at $437.24 on Monday. The stock has a market capitalization of $35.38 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.36 and a current ratio of 1.29. Equinix has a twelve month low of $370.79 and a twelve month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.08). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Equinix had a return on equity of 7.22% and a net margin of 5.71%. Equinix’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share. research analysts forecast that Equinix will post 18.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 22nd will be paid a $2.28 dividend. The ex-dividend date is Tuesday, August 21st. This represents a $9.12 dividend on an annualized basis and a yield of 2.09%. Equinix’s dividend payout ratio is currently 49.22%.

In other Equinix news, CFO Keith D. Taylor sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $392.75, for a total value of $785,500.00. Following the transaction, the chief financial officer now directly owns 26,241 shares in the company, valued at approximately $10,306,152.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles J. Meyers sold 400 shares of the company’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $397.49, for a total value of $158,996.00. Following the completion of the transaction, the insider now owns 4,116 shares in the company, valued at $1,636,068.84. The disclosure for this sale can be found here. Insiders sold a total of 6,550 shares of company stock worth $2,730,394 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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