Equinix, Inc. (NASDAQ:EQIX – Get Free Report) insider Michael Paladin sold 203 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1,015.71, for a total transaction of $206,189.13. Following the transaction, the insider owned 2,757 shares in the company, valued at approximately $2,800,312.47. The trade was a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Stock Up 2.1%
Shares of NASDAQ EQIX traded up $21.59 during mid-day trading on Thursday, reaching $1,040.83. 460,960 shares of the company’s stock traded hands, compared to its average volume of 603,290. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day simple moving average of $1,045.94 and a 200 day simple moving average of $1,035.41. The stock has a market cap of $102.70 billion, a P/E ratio of 67.02, a PEG ratio of 1.47 and a beta of 0.99. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.
Equinix Dividend Announcement
Wall Street Analysts Forecast Growth
EQIX has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Cantor Fitzgerald boosted their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.
Get Our Latest Research Report on Equinix
Trending Headlines about Equinix
Here are the key news stories impacting Equinix this week:
- Positive Sentiment: AI partnership strengthens growth outlook. Equinix launched Inference Exchange with NVIDIA and Together AI, combining NVIDIA reference architectures, Together AI’s inference platform and Equinix’s global data-center footprint. The offering is intended to help enterprises deploy AI inference faster and more efficiently, with an expected launch in the first quarter of 2027. Equinix Accelerates AI Inference for Enterprises with NVIDIA and Together AI
- Positive Sentiment: Expansion in the Nordic market. Equinix and CPP Investments completed their $4 billion acquisition of atNorth, adding high-density colocation and built-to-suit facilities across the Nordic region. The transaction expands Equinix’s exposure to AI, cloud and high-performance-computing demand while leveraging CPP Investments’ capital. CPP Investments and Equinix Complete atNorth Acquisition
- Positive Sentiment: New connectivity product broadens Equinix’s AI opportunity. Fabric One is designed to provide managed, any-to-any connections across enterprise, cloud, networking and AI environments, with AWS and Google Cloud as lead integration partners. The service could increase customer demand for Equinix’s interconnection platform. Equinix Unveils Equinix Fabric One
- Positive Sentiment: Analyst support remains favorable. Citi reaffirmed its Buy rating, adding to the positive sentiment surrounding Equinix’s AI strategy and data-center expansion. Citi Reaffirms Their Buy Rating on Equinix
- Neutral Sentiment: Recent commentary compares Equinix with Digital Realty as AI-focused data-center REITs, highlighting differences in dividend profiles rather than a specific change to Equinix’s outlook. Digital Realty vs. Equinix: Which AI Dividend Scores Higher?
- Negative Sentiment: A report that KKR’s large AI joint venture hired personnel from Equinix and AES could raise limited concerns about talent competition, although no material financial impact was reported. KKR AI Joint Venture Hires from Equinix
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Equinix by 111,586.7% during the 2nd quarter. California State Teachers Retirement System now owns 155,285,881 shares of the financial services provider’s stock worth $161,868,449,000 after purchasing an additional 155,146,844 shares during the period. BlackRock Inc. bought a new position in Equinix during the second quarter valued at about $11,930,074,000. Cohen & Steers Inc. increased its holdings in Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares during the last quarter. Geode Capital Management LLC increased its holdings in Equinix by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after buying an additional 25,383 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after acquiring an additional 27,643 shares during the period. Institutional investors own 94.94% of the company’s stock.
About Equinix
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
See Also
- Five stocks we like better than Equinix
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.
