Equinix (EQIX) Given News Impact Rating of 0.24
Media stories about Equinix (NASDAQ:EQIX) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equinix earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.667702362565 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Equinix, Inc. breached its 50 day moving average in a Bearish Manner : EQIX-US : December 1, 2017 (finance.yahoo.com)
- MEDIA ALERT: Equinix to Speak at Upcoming Nasdaq 37th Investor and Barclays Global TMT Conferences (prnewswire.com)
- Equinix & AWS Partnership Strengthens, Extends in 21 Metros (finance.yahoo.com)
- Why Equinix Inc (REIT)’s (EQIX) ROE Of 4.15% Does Not Tell The Whole Story (finance.yahoo.com)
- BRIEF-Equinix Inc Says Announced An Expansion Of Its Collaboration With Amazon Web Services (AMZN, EQIX) (markets.businessinsider.com)
Shares of Equinix (EQIX) traded up $4.67 during mid-day trading on Friday, hitting $469.16. 367,982 shares of the stock were exchanged, compared to its average volume of 335,095. Equinix has a 52-week low of $327.37 and a 52-week high of $495.35. The company has a market capitalization of $36,704.27, a price-to-earnings ratio of 26.39, a PEG ratio of 1.89 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.71%. Equinix’s dividend payout ratio (DPR) is 264.03%.
EQIX has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Barclays restated an “equal weight” rating and set a $475.00 price objective (up from $410.00) on shares of Equinix in a research note on Wednesday, August 9th. Berenberg Bank started coverage on shares of Equinix in a research note on Tuesday, September 26th. They set a “buy” rating and a $550.00 price objective for the company. Finally, Jefferies Group restated a “hold” rating and set a $440.00 price objective on shares of Equinix in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $500.74.
In related news, COO Charles J. Meyers sold 1,090 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $459.80, for a total transaction of $501,182.00. Following the completion of the sale, the chief operating officer now directly owns 2,297 shares in the company, valued at $1,056,160.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Earl Campbell sold 1,427 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $459.75, for a total transaction of $656,063.25. The disclosure for this sale can be found here. Insiders have sold 8,510 shares of company stock valued at $3,927,880 over the last 90 days. 0.58% of the stock is currently owned by company insiders.
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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