Free Trial
NASDAQ:EQIX

Equinix (EQIX) Stock Price, News & Analysis

$865.52
-11.05 (-1.26%)
(As of 03:40 PM ET)

About Equinix Stock (NASDAQ:EQIX)

Key Stats

Today's Range
$861.72
$881.96
50-Day Range
$766.83
$876.57
52-Week Range
$677.80
$914.93
Volume
191,158 shs
Average Volume
543,441 shs
Market Capitalization
$82.14 billion
P/E Ratio
86.81
Dividend Yield
1.97%
Price Target
$883.71
Consensus Rating
Moderate Buy

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.

Equinix Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 87th Percentile

Equinix scored higher than 87% of companies evaluated by MarketBeat, and ranked 207th out of 950 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Equinix has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 11 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Equinix has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Equinix's stock forecast and price target.
  • Earnings Growth

    Earnings for Equinix are expected to grow by 7.84% in the coming year, from $31.01 to $33.44 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Equinix is 87.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.61.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Equinix is 87.73, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 47.81.

  • Price to Earnings Growth Ratio

    Equinix has a PEG Ratio of 2.11. 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 6.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Equinix's valuation and earnings.
  • Percentage of Shares Shorted

    1.63% 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 3.5, 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 9.93%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Equinix pays a meaningful dividend of 1.96%, 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 170.91%. 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 50.96% next year. This indicates that Equinix will be able to sustain or increase its dividend.

  • Read more about Equinix's dividend.
  • Percentage of Shares Shorted

    1.63% 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 3.5, 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 9.93%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Equinix has a news sentiment score of 0.53. 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 lower news sentiment than the 0.69 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 25 news articles for Equinix this week, compared to 15 articles on an average week.
  • Search Interest

    Only 13 people have searched for EQIX on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Equinix to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • 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 $8,282,119.00 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.

  • Read more about Equinix's insider trading history.
Receive EQIX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Equinix and its competitors with MarketBeat's FREE daily newsletter.

EQIX Stock News Headlines

Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
Mizuho Raises Equinix (NASDAQ:EQIX) Price Target to $971.00
Equinix, Inc. (NASDAQ:EQIX) Insider Brandi Galvin Morandi Sells 864 Shares
See More Headlines

EQIX Stock Analysis - Frequently Asked Questions

Equinix's stock was trading at $805.39 at the start of the year. Since then, EQIX shares have increased by 8.6% and is now trading at $874.69.
View the best growth stocks for 2024 here
.

Equinix, Inc. (NASDAQ:EQIX) announced its quarterly earnings results 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 for the quarter was up 6.9% on a year-over-year basis.
Read the conference call transcript
.

The following companies are subsidiaries of Equinix: Packet, Metronode, Itconic Innovate IT, TelecityGroup, Bit-isle Equinix, Nimbo, Alog Data Centers do Brasil, and more.

Equinix's top institutional shareholders include Principal Financial Group Inc. (1.99%), APG Asset Management US Inc. (1.49%), Dimensional Fund Advisors LP (1.41%) and Legal & General Group Plc (1.40%). Insiders that own company stock include Gary Hromadko, Keith D Taylor, Christopher B Paisley, Karl Strohmeyer, Michael Earl Campbell, Brandi Galvin Morandi, Camp Peter Van, Charles J Meyers, Jonathan Lin, Simon Miller, Scott Crenshaw, Meredith Williamson and Fidelma Russo.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Equinix investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Mastercard (MA), American Tower (AMT), Intel (INTC) and Johnson & Johnson (JNJ).

Company Calendar

Ex-Dividend for 6/19 Dividend
5/21/2024
Dividend Payable
6/19/2024
Last Earnings
8/07/2024
Ex-Dividend for 9/18 Dividend
8/21/2024
Today
9/17/2024
Dividend Payable
9/18/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:EQIX
CUSIP
29444U50
Employees
13,151
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$883.71
High Stock Price Target
$971.00
Low Stock Price Target
$671.00
Potential Upside/Downside
+0.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$969.18 million
Pretax Margin
14.09%

Debt

Sales & Book Value

Annual Sales
$8.46 billion
Cash Flow
$30.49 per share
Book Value
$133.02 per share

Miscellaneous

Free Float
94,650,000
Market Cap
$83.19 billion
Optionable
Optionable
Beta
0.71

Social Links

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Should I Buy Equinix Stock? EQIX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, August 20, 2024. Please send any questions or comments about these Equinix pros and cons to contact@marketbeat.com.

Equinix
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Equinix, Inc.:

  • Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, providing a trusted platform for digital leaders to interconnect foundational infrastructure at software speed.
  • Equinix enables organizations to access all the right places, partners, and resources, facilitating seamless connectivity and collaboration.
  • Recent financial data shows a strong annual revenue and net income for Equinix, indicating a healthy financial performance.
  • Equinix has a solid Return on Equity and Return on Assets, showcasing efficient utilization of resources and profitability.
  • With a low Debt-to-Equity ratio and strong market capitalization, Equinix demonstrates financial stability and growth potential.

Equinix
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Equinix, Inc. for these reasons:

  • While Equinix has shown strong financial performance, the current stock price may be high, potentially limiting immediate gains for investors.
  • Equinix's Consensus Rating and Price Target may not align with investor expectations, leading to uncertainty in market sentiment.
  • Factors such as the Forward PE ratio and Relative Strength Index may indicate overvaluation or market volatility for Equinix stock.
  • News sentiment scores and analyst ratings may vary, causing fluctuations in investor confidence and stock performance.
  • Investors should consider the Fifty-Day and Two-Hundred-Day Moving Averages, as well as the Fifty-Day High and Low, to assess potential trends and risks in Equinix stock.

This page (NASDAQ:EQIX) was last updated on 9/17/2024 by MarketBeat.com Staff
From Our Partners