Equinix (EQIX) Getting Somewhat Favorable News Coverage, Report Shows
Press coverage about Equinix (NASDAQ:EQIX) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equinix earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.6363418153209 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Equinix, Inc. Forecasted to Earn Q4 2018 Earnings of $4.81 Per Share (EQIX) (americanbankingnews.com)
- Brokerages Expect Equinix, Inc. (EQIX) to Announce $4.80 Earnings Per Share (americanbankingnews.com)
- Equinix, Inc. (EQIX) to Post Q1 2019 Earnings of $5.07 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Outstanding Earnings Growth Keeps Equinix (EQIX) a Strong Buy – Investorplace.com (investorplace.com)
- Equinix, Inc. (EQIX) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
Shares of Equinix (NASDAQ EQIX) traded down $2.81 during mid-day trading on Monday, reaching $449.58. 496,651 shares of the company’s stock traded hands, compared to its average volume of 492,134. The stock has a market cap of $35,392.14, a PE ratio of 25.44, a P/E/G ratio of 1.82 and a beta of 0.46. Equinix has a 1-year low of $343.55 and a 1-year high of $495.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s payout ratio is currently 264.03%.
A number of equities research analysts have recently issued reports on the stock. Cowen reissued a “buy” rating and set a $482.00 price objective on shares of Equinix in a research report on Friday, November 10th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 price objective for the company in a research report on Monday, November 6th. Berenberg Bank reissued a “buy” rating and set a $550.00 price objective on shares of Equinix in a research report on Friday, November 3rd. Oppenheimer boosted their price objective on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley boosted their price objective on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Equinix currently has an average rating of “Buy” and a consensus price target of $500.74.
In other news, Director Christopher B. Paisley sold 593 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $484.99, for a total transaction of $287,599.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total transaction of $657,690.00. Following the sale, the chief financial officer now owns 31,393 shares in the company, valued at $13,764,574.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,993 shares of company stock worth $2,770,635. Corporate insiders own 0.58% of the company’s stock.
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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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