Equinix Inc. Sets New 1-Year Low at $162.98 (EQIX)
Equinix (NASDAQ:EQIX) set a new 52-week low during trading hours on Tuesday, Stock Ratings Network.com reports. The company traded as low as $162.98 and last traded at $164.10, with a volume of 593,705 shares. The stock had previously closed at $165.70.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note to investors on Tuesday, July 30th. They now have a $189.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Equinix from $250.00 to $240.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest cut their price target on shares of Equinix from $240.00 to $224.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $231.20.
Equinix has a 52-week low of $163.73 and a 52-week high of $231.56. The stock has a 50-day moving average of $175.4 and a 200-day moving average of $194.3. The company has a market cap of $8.124 billion and a price-to-earnings ratio of 100.06.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 24th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $1.27. The company had revenue of $525.70 million for the quarter, compared to the consensus estimate of $533.50 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts predict that Equinix will post $1.51 earnings per share for the current fiscal year.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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