Equinix (EQIX) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $922.71 to $935.99
• 50-Day Range: $860.95 to $925.72
• 52-Week Range: $684.14 to $943.02
• Volume: 157,175 shs
• Average Volume: 525,394 shs
• Market Capitalization: $90.20 billion
• P/E Ratio: 84.29
• Dividend Yield: 1.82%
• Price Target: $952.88
• Consensus Rating: Moderate Buy

Equinix Stock Analysis - MarketRank™

Equinix scored higher than 90% of companies evaluated by MarketBeat, and ranked 178th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Equinix has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 14 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Equinix has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.88%

Earnings Growth

Earnings for Equinix are expected to grow by 8.88% in the coming year, from $31.07 to $33.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Equinix is 84.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of Equinix is 84.12, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.68.

Price to Earnings Growth Ratio

Equinix has a PEG Ratio of 2.32. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Equinix has a P/B Ratio of 6.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.39% of the outstanding shares of Equinix have been sold short.

Short Interest Ratio / Days to Cover

Equinix has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equinix has recently increased by 0.75%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Equinix pays a meaningful dividend of 1.85%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Equinix does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Equinix is 153.65%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Equinix will have a dividend payout ratio of 50.37% next year. This indicates that Equinix will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.18

Percentage of Shares Shorted

1.39% of the outstanding shares of Equinix have been sold short.

Short Interest Ratio / Days to Cover

Equinix has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equinix has recently increased by 0.75%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.05

News Sentiment

Equinix has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 43 news articles for Equinix this week, compared to 16 articles on an average week.

Search Interest

15 people have searched for EQIX on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.

MarketBeat Follows

78 people have added Equinix to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Equinix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,666,756.00 in company stock.

Percentage Held by Insiders

Only 0.27% of the stock of Equinix is held by insiders.

Percentage Held by Institutions

94.94% of the stock of Equinix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EQIX Stock Analysis - Frequently Asked Questions

How have EQIX shares performed this year?

Equinix's stock was trading at $805.39 at the start of the year. Since then, EQIX shares have increased by 15.8% and is now trading at $932.85.
View the best growth stocks for 2024 here.

How were Equinix's earnings last quarter?

Equinix, Inc. (NASDAQ:EQIX) announced its quarterly earnings data on Wednesday, August, 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by $4.72. Equinix's revenue was up 6.9% on a year-over-year basis.
Read the conference call transcript.

Does Equinix have any subsidiaries?

Equinix subsidiaries include Packet, Metronode, Itconic Innovate IT, TelecityGroup, Bit-isle Equinix, Nimbo, Alog Data Centers do Brasil, and more.

Who are Equinix's major shareholders?

Top institutional investors of Equinix include State Street Corp (6.04%), Geode Capital Management LLC (2.44%), FMR LLC (2.26%) and Principal Financial Group Inc. (2.00%). Insiders that own company stock include Gary Hromadko, Keith D Taylor, Christopher B Paisley, Karl Strohmeyer, Michael Earl Campbell, Camp Peter Van, Charles J Meyers, Jonathan Lin, Brandi Galvin Morandi, Simon Miller, Raouf Abdel, Scott Crenshaw, Meredith Williamson and Fidelma Russo.
View institutional ownership trends.

How do I buy shares of Equinix?

Shares of EQIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Equinix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Equinix investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), Salesforce (CRM) and Home Depot (HD).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/18 Dividend: 8/21/2024
• Dividend Payable: 9/18/2024
• Ex-Dividend for 12/11 Dividend: 11/13/2024
• Today: 11/22/2024
• Dividend Payable: 12/11/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Internet Software & Services
• Current Symbol: NASDAQ:EQIX
• CUSIP: 29444U50
• CIK: 1101239
• Web: www.equinix.com
• Phone: (650) 598-6000
• Fax: 650-598-6900
• Employees: 13,151
• Year Founded: 1998

Price Target and Rating

• Average Stock Price Target: $952.88
• High Stock Price Target: $1,080.00
• Low Stock Price Target: $762.00
• Potential Upside/Downside: +2.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.09
• Trailing P/E Ratio: 83.47
• Forward P/E Ratio: 29.79
• P/E Growth: 2.32
• Net Income: $969.18 million
• Net Margins: 12.29%
• Pretax Margin: 14.48%
• Return on Equity: 8.34%
• Return on Assets: 3.18%

Debt

• Debt-to-Equity Ratio: 1.12
• Current Ratio: 1.16
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $8.19 billion
• Price / Sales: 10.91
• Cash Flow: $30.26 per share
• Price / Cash Flow: 30.59
• Book Value: $140.82 per share
• Price / Book: 6.57

Miscellaneous

• Outstanding Shares: 96,490,000
• Free Float: 96,227,000
• Market Cap: $89.32 billion
• Optionable: Optionable
• Beta: 0.71