Equinix (EQIX) Getting Somewhat Positive News Coverage, Accern Reports
News stories about Equinix (NASDAQ:EQIX) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.9102071018742 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Equinix Announces Proposed Public Offering of EUR750 Million of Senior Notes (broadwayworld.com)
- Equinix Announces Proposed Public Offering of €750 Million of Senior Notes – PR Newswire (press release) (prnewswire.com)
- Can Equinix Inc (EQIX) Move Higher? – Stock Press Daily (stockpressdaily.com)
- BRIEF-Equinix announces proposed public offering of €750 million of senior notes (feeds.reuters.com)
- Internet Stock Performance Review — GoDaddy, InterXion, Coupa Software, and Equinix – Broadway World (broadwayworld.com)
Shares of Equinix (NASDAQ:EQIX) traded down 0.52% during midday trading on Friday, reaching $465.96. The company’s stock had a trading volume of 348,561 shares. The firm has a market cap of $36.32 billion, a price-to-earnings ratio of 171.12 and a beta of 0.56. The stock’s 50 day moving average price is $449.75 and its 200 day moving average price is $420.46. Equinix has a one year low of $314.55 and a one year high of $470.44.
Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Analysts predict that Equinix will post $3.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio is currently 293.04%.
A number of equities analysts recently commented on EQIX shares. Canaccord Genuity increased their price target on Equinix from $465.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Morgan Stanley reissued an “equal weight” rating and set a $409.00 price target (up from $374.00) on shares of Equinix in a research note on Wednesday, May 17th. Nomura started coverage on Equinix in a research note on Thursday, May 25th. They set a “buy” rating and a $490.00 price target for the company. Instinet reissued a “buy” rating and set a $490.00 price target on shares of Equinix in a research note on Thursday, May 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $470.00 price target on shares of Equinix in a research note on Wednesday, May 31st. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $464.78.
In related news, insider Karl Strohmeyer sold 250 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $464.96, for a total value of $116,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen M. Smith sold 5,348 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total value of $2,313,544.80. Following the completion of the transaction, the chief executive officer now owns 18,967 shares in the company, valued at $8,205,124.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,393 shares of company stock worth $9,843,276. Insiders own 0.58% of the company’s stock.
Equinix Company Profile
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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