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Equinix (NASDAQ:EQIX) will be releasing its Q114 earnings data on Wednesday, April 30th. Analysts expect Equinix to post earnings of $0.72 per share and revenue of $574.85 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, February 19th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.11. The company had revenue of $564.70 million for the quarter, compared to the consensus estimate of $562.58 million. On average, analysts expect Equinix to post $3.58 EPS for the current fiscal year and $5.80 EPS for the next fiscal year.

Shares of Equinix (NASDAQ:EQIX) opened at 179.85 on Tuesday. Equinix has a 52-week low of $152.82 and a 52-week high of $231.56. The stock’s 50-day moving average is $180.9 and its 200-day moving average is $175.. The company has a market cap of $8.885 billion and a P/E ratio of 95.34. Equinix also was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 8,183,030 shares, a decline of 20.8% from the March 31st total of 10,328,192 shares. Currently, 16.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,118,738 shares, the days-to-cover ratio is currently 7.3 days.

A number of analysts have recently weighed in on EQIX shares. Analysts at Nomura reiterated a “buy” rating on shares of Equinix in a research note on Thursday, April 17th. On a related note, analysts at Oppenheimer upgraded shares of Equinix from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $210.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note on Friday, February 21st. They now have a $197.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $220.92.

In other Equinix news, CEO Stephen M. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.

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