Equinix, Inc. (NASDAQ:EQIX) CEO Stephen M. Smith sold 10,706 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total value of $4,743,828.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Equinix, Inc. (EQIX) traded down $4.45 on Friday, reaching $437.45. The company’s stock had a trading volume of 807,300 shares, compared to its average volume of 618,467. The firm has a market cap of $34,220.00, a P/E ratio of 142.03, a P/E/G ratio of 1.53 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. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $3.95 EPS. analysts predict that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on EQIX shares. Cowen reissued a “buy” rating and issued a $482.00 target price on shares of Equinix in a research report on Friday, November 10th. Barclays raised Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. Credit Suisse Group set a $515.00 target price on Equinix and gave the company a “buy” rating in a research report on Monday, December 18th. UBS Group started coverage on Equinix in a research report on Wednesday, October 18th. They issued a “neutral” rating on the stock. Finally, Oppenheimer upped their target price on Equinix to $525.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. Equinix has an average rating of “Buy” and a consensus price target of $504.00.
Equinix Company Profile
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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