Equinix (NASDAQ:EQIX) Given Buy Rating at Guggenheim

Equinix (NASDAQ:EQIX)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $1,235.00 price target on the financial services provider’s stock. Guggenheim’s target price would indicate a potential upside of 25.05% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. TD Cowen raised their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Truist Financial raised their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Rothschild & Co Redburn initiated coverage on shares of Equinix in a research note on Monday, September 21st. They set a “buy” rating and a $1,261.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald upped their target price on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.55.

Equinix Trading Up 1.2%

Shares of Equinix stock traded up $11.87 during mid-day trading on Tuesday, hitting $987.58. 349,500 shares of the stock were exchanged, compared to its average volume of 585,058. Equinix has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock has a market capitalization of $97.44 billion, a price-to-earnings ratio of 63.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a 50-day simple moving average of $1,037.09 and a 200 day simple moving average of $1,050.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company earned $9.91 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts forecast that Equinix will post 38.23 EPS for the current year.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the sale, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,770 shares of company stock valued at $4,884,197. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Several hedge funds have recently modified their holdings of EQIX. SJS Investment Consulting Inc. boosted its stake in Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares in the last quarter. Fulton Bank N.A. boosted its stake in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 10 shares in the last quarter. Avion Wealth boosted its stake in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares in the last quarter. High Net Worth Advisory Group LLC boosted its stake in Equinix by 5.3% during the second quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 11 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in Equinix by 3.7% during the second quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 11 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.