Equinix COO Charles J. Meyers Unloads 2,000 Shares (EQIX)
Equinix (NASDAQ:EQIX) COO Charles J. Meyers sold 2,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $217.99, for a total value of $435,980.00. Following the completion of the transaction, the chief operating officer now directly owns 713 shares of the company’s stock, valued at approximately $155,427. The transaction was disclosed in a filing with the SEC, which is available at this link.
Equinix (NASDAQ:EQIX) traded down 0.09% on Wednesday, hitting $219.255. The stock had a trading volume of 546,404 shares. Equinix has a 1-year low of $152.82 and a 1-year high of $224.48. The stock has a 50-day moving average of $215.4 and a 200-day moving average of $198.6. The company has a market cap of $11.663 billion and a price-to-earnings ratio of 78.91.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.59. The company had revenue of $605.16 million for the quarter, compared to the consensus estimate of $595.91 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Equinix will post $2.99 earnings per share for the current fiscal year.
EQIX has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 31st. They now have a $245.00 price target on the stock, up previously from $230.00. Separately, analysts at Raymond James raised their price target on shares of Equinix from $240.00 to $248.00 in a research note on Thursday, July 31st. They now have a “strong-buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Equinix from $48.00 to $55.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Equinix currently has a consensus rating of “Buy” and an average target price of $220.15.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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