Equinix (EQIX) Set to Announce Earnings on Wednesday

Equinix (NASDAQ:EQIXGet Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Equinix to post earnings of $6.27 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Equinix Price Performance

EQIX stock opened at $849.98 on Tuesday. The stock has a market capitalization of $79.80 billion, a PE ratio of 91.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company’s 50-day moving average is $812.94 and its 200-day moving average is $778.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.05 and a quick ratio of 2.05. Equinix has a 1 year low of $661.66 and a 1 year high of $859.72.

Insider Transactions at Equinix

In other news, Chairman Camp Peter Van sold 420 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $808.56, for a total transaction of $339,595.20. Following the completion of the sale, the chairman now owns 7,861 shares in the company, valued at approximately $6,356,090.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the completion of the transaction, the chief executive officer now directly owns 16,360 shares in the company, valued at approximately $13,090,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Camp Peter Van sold 420 shares of Equinix stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $808.56, for a total transaction of $339,595.20. Following the completion of the transaction, the chairman now owns 7,861 shares of the company’s stock, valued at $6,356,090.16. The disclosure for this sale can be found here. Insiders sold a total of 16,274 shares of company stock worth $13,041,707 in the last quarter. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Equinix in the 4th quarter valued at $725,557,000. Morgan Stanley boosted its holdings in Equinix by 26.5% in the 4th quarter. Morgan Stanley now owns 854,549 shares of the financial services provider’s stock valued at $559,756,000 after purchasing an additional 179,023 shares during the period. Wellington Management Group LLP boosted its holdings in Equinix by 28.3% in the 1st quarter. Wellington Management Group LLP now owns 604,277 shares of the financial services provider’s stock valued at $448,144,000 after purchasing an additional 133,132 shares during the period. Barclays PLC boosted its holdings in Equinix by 157.5% in the 2nd quarter. Barclays PLC now owns 214,988 shares of the financial services provider’s stock valued at $168,540,000 after purchasing an additional 131,503 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in Equinix by 134.0% in the 1st quarter. Macquarie Group Ltd. now owns 168,982 shares of the financial services provider’s stock valued at $115,042,000 after purchasing an additional 96,772 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Equinix from $720.00 to $788.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. HSBC began coverage on shares of Equinix in a research report on Friday, December 1st. They issued a “buy” rating and a $875.00 price target on the stock. KeyCorp began coverage on shares of Equinix in a research report on Wednesday, December 6th. They issued a “sector weight” rating on the stock. Oppenheimer raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $875.00 price target on the stock in a research report on Tuesday, November 21st. Finally, Wolfe Research raised shares of Equinix from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $839.67.

View Our Latest Analysis on EQIX

About Equinix

(Get Free Report)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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Earnings History for Equinix (NASDAQ:EQIX)

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