Equinix CEO Stephen M. Smith Unloads 6,681 Shares (EQIX)
Equinix (NASDAQ:EQIX) CEO Stephen M. Smith unloaded 6,681 shares of the stock on the open market in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $179.57, for a total transaction of $1,199,707.17. Following the completion of the sale, the chief executive officer now directly owns 25,877 shares of the company’s stock, valued at approximately $4,646,733. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on EQIX. Analysts at Jefferies Group initiated coverage on shares of Equinix in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $200.00 price target on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Equinix from $220.00 to $200.00 in a research note to investors on Wednesday, December 4th. Finally, analysts at RBC Capital cut their price target on shares of Equinix from $227.00 to $200.00 in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $218.90.
Equinix (NASDAQ:EQIX) traded down 2.01% during mid-day trading on Friday, hitting $175.87. 777,537 shares of the company’s stock traded hands. Equinix has a 52 week low of $152.82 and a 52 week high of $231.56. The stock has a 50-day moving average of $171.8 and a 200-day moving average of $173.9. The company has a market cap of $8.715 billion and a P/E ratio of 89.65.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, October 23rd. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.14. The company had revenue of $540.50 million for the quarter, compared to the consensus estimate of $539.67 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Equinix will post $1.64 EPS 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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