Equinix COO Charles J. Meyers Sells 3,548 Shares (EQIX)
Equinix (NASDAQ:EQIX) COO Charles J. Meyers sold 3,548 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $179.79, for a total value of $637,894.92. Following the completion of the transaction, the chief operating officer now directly owns 567 shares in the company, valued at approximately $101,941. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Equinix (NASDAQ:EQIX) traded down 2.01% on Friday, hitting $175.87. 777,537 shares of the company’s stock traded hands. Equinix has a 1-year low of $152.82 and a 1-year high of $231.56. The stock’s 50-day moving average is $171.8 and its 200-day moving average is $173.9. The company has a market cap of $8.715 billion and a price-to-earnings ratio of 89.65.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.58 earnings per share. Equinix’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Equinix will post $1.64 EPS for the current fiscal year.
A number of analysts have recently weighed in on EQIX shares. 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 analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Equinix currently has a consensus rating of “Buy” and a consensus price target of $218.90.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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