Equinix (EQIX) Earning Somewhat Positive Press Coverage, Study Shows

Media headlines about Equinix (NASDAQ:EQIX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equinix earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.6779258517249 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Equinix (NASDAQ EQIX) traded up $5.53 during mid-day trading on Thursday, reaching $455.77. 551,669 shares of the company’s stock traded hands, compared to its average volume of 492,571. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix has a 12-month low of $337.91 and a 12-month high of $495.35. The firm has a market cap of $35,220.00, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.79 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $3.95 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. equities analysts expect that Equinix will post 16.05 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.76%. Equinix’s payout ratio is currently 259.74%.

A number of brokerages recently commented on EQIX. Credit Suisse Group restated an “outperform” rating and set a $515.00 price objective (up from $510.00) on shares of Equinix in a report on Thursday, November 2nd. Berenberg Bank restated a “buy” rating and set a $550.00 price objective on shares of Equinix in a report on Friday, November 3rd. UBS began coverage on shares of Equinix in a report on Wednesday, October 18th. They set a “neutral” rating on the stock. J P Morgan Chase & Co upgraded shares of Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 price objective on the stock in a report on Thursday, November 2nd. Finally, Deutsche Bank began coverage on shares of Equinix in a report on Tuesday, October 24th. They set a “buy” rating and a $550.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $500.74.

In other news, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $463.61, for a total transaction of $92,722.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 593 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $484.99, for a total transaction of $287,599.07. The disclosure for this sale can be found here. Insiders have sold a total of 5,993 shares of company stock worth $2,770,635 over the last 90 days. 0.58% of the stock is owned by company insiders.

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About Equinix

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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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