Equinix (EQIX) Earning Somewhat Favorable News Coverage, Analysis Shows

Media stories about Equinix (NASDAQ:EQIX) have trended somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equinix earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5962712324928 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

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

Several analysts recently issued reports on EQIX shares. Berenberg Bank started coverage on Equinix in a report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price target on the stock. Jefferies Group reissued a “hold” rating and issued a $440.00 price target on shares of Equinix in a report on Thursday, October 12th. Barclays raised Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $505.00 in a report on Wednesday, October 18th. UBS Group started coverage on Equinix in a report on Wednesday, October 18th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank started coverage on Equinix in a report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. Equinix currently has an average rating of “Buy” and an average price target of $504.00.

Equinix (NASDAQ EQIX) traded up $0.44 on Friday, reaching $437.89. The company had a trading volume of 599,207 shares, compared to its average volume of 453,233. Equinix has a 12-month low of $361.90 and a 12-month high of $495.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The firm has a market cap of $34,223.33, a PE ratio of 144.52, a P/E/G ratio of 1.51 and a beta of 0.46.

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

In related news, CFO Keith D. Taylor sold 4,228 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $443.15, for a total value of $1,873,638.20. Following the sale, the chief financial officer now directly owns 29,466 shares in the company, valued at approximately $13,057,857.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Camp Peter Van sold 1,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $441.55, for a total value of $703,389.15. Following the completion of the sale, the director now owns 5,871 shares in the company, valued at $2,592,340.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,110 shares of company stock worth $10,382,238. 0.58% of the stock is owned by insiders.

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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.

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

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