Equinix (EQIX) Receives Media Sentiment Score of 0.20
Press coverage about Equinix (NASDAQ:EQIX) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Equinix earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.6237145182548 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Equinix to buy Itconic and CloudMas, expand footprint in Europe (lightwaveonline.com)
- Equinix Inc. (EQIX) Climbed To A New High Following Acquisition (rttnews.com)
- EQIX Crosses Above Average Analyst Target (nasdaq.com)
- Equinix (EQIX) Expands Further in Europe, To Buy Itconic (finance.yahoo.com)
- Equinix To Buy Itconic – Quick Facts (rttnews.com)
EQIX has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Equinix in a report on Friday, June 30th. They set an “outperform” rating and a $510.00 price objective on the stock. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and set a $497.00 price objective (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Cowen and Company reissued an “outperform” rating and set a $482.00 price objective (up previously from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Macquarie reissued an “outperform” rating and set a $450.00 price objective on shares of Equinix in a report on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Equinix has an average rating of “Buy” and an average target price of $464.78.
Shares of Equinix (EQIX) traded down 1.27% during trading on Tuesday, reaching $468.38. 452,411 shares of the company’s stock traded hands. Equinix has a 1-year low of $314.55 and a 1-year high of $475.28. The company has a 50 day moving average of $453.85 and a 200-day moving average of $424.39. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 172.01 and a beta of 0.56.
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. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equities analysts predict that Equinix will post $3.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.71%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio is presently 293.04%.
In other news, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total transaction of $436,120.00. Following the transaction, the chief financial officer now directly owns 32,996 shares of the company’s stock, valued at $14,390,215.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen M. Smith sold 5,348 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 18,967 shares in the company, valued at $8,205,124.20. The disclosure for this sale can be found here. Insiders sold 17,059 shares of company stock worth $7,557,950 over the last ninety days. 0.58% of the stock is owned by corporate insiders.
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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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