Equinix (EQIX) Set to Announce Earnings on Wednesday

Equinix (NASDAQ:EQIXGet Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $6.27 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Equinix Stock Down 0.7 %

EQIX opened at $849.98 on Tuesday. The firm has a 50 day moving average price of $812.94 and a 200 day moving average price of $778.20. The company has a market cap of $79.80 billion, a PE ratio of 91.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. Equinix has a 1 year low of $661.66 and a 1 year high of $859.72. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.05 and a current ratio of 2.05.

Insider Activity at Equinix

In related news, insider Michael Earl Campbell sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $780.66, for a total transaction of $468,396.00. Following the sale, the insider now directly owns 12,081 shares of the company’s stock, valued at approximately $9,431,153.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Equinix news, Chairman Camp Peter Van sold 420 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $808.56, for a total value of $339,595.20. Following the sale, the chairman now directly owns 7,861 shares of the company’s stock, valued at $6,356,090.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Earl Campbell sold 600 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $780.66, for a total value of $468,396.00. Following the completion of the sale, the insider now directly owns 12,081 shares in the company, valued at $9,431,153.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,274 shares of company stock valued at $13,041,707. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Equinix

Large investors have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in shares of Equinix by 237.5% during the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 38 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Equinix during the fourth quarter valued at $45,000. ICA Group Wealth Management LLC acquired a new position in shares of Equinix during the fourth quarter valued at $67,000. First Manhattan Co. acquired a new position in shares of Equinix during the first quarter valued at $103,000. Finally, First Capital Advisors Group LLC. bought a new position in Equinix during the second quarter valued at about $126,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Equinix from $870.00 to $850.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Morgan Stanley decreased their price target on Equinix from $785.00 to $767.00 and set an “equal weight” rating for the company in a report on Friday, December 8th. KeyCorp began coverage on Equinix in a report on Wednesday, December 6th. They issued a “sector weight” rating for the company. HSBC began coverage on Equinix in a report on Friday, December 1st. They issued a “buy” rating and a $875.00 price target for the company. Finally, Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $839.67.

View Our Latest Report on EQIX

Equinix Company Profile

(Get Free Report)

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.

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Earnings History for Equinix (NASDAQ:EQIX)

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