Equinix Inc (NASDAQ:EQIX) Director Christopher B. Paisley sold 200 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $487.88, for a total transaction of $97,576.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Equinix stock opened at $484.45 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.25. Equinix Inc has a twelve month low of $335.29 and a twelve month high of $494.00. The firm has a market capitalization of $39.64 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $5.16 by ($3.72). Equinix had a return on equity of 5.66% and a net margin of 8.06%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $5.21 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Equinix Inc will post 20.81 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. Deutsche Bank upped their price target on shares of Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup upped their price target on shares of Equinix from $481.00 to $482.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada upped their price target on shares of Equinix from $500.00 to $520.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded shares of Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $501.44.
Several institutional investors have recently modified their holdings of the stock. Washington Trust Bank bought a new stake in Equinix during the first quarter valued at $29,000. Spectrum Management Group Inc. bought a new stake in Equinix during the first quarter valued at $29,000. Farmers & Merchants Investments Inc. boosted its position in Equinix by 174.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 54 shares during the last quarter. Pearl River Capital LLC bought a new stake in Equinix during the fourth quarter valued at $35,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in Equinix by 27.9% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 110 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 24 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.
Equinix Company Profile
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 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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