Equinix, Inc. (EQIX) Set to Announce Earnings on Tuesday
Equinix, Inc. (NASDAQ:EQIX) is set to release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Equinix to post earnings of $1.39 per share for the quarter.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.41 by $1.18. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, analysts expect Equinix to post $15.93 EPS for the current fiscal year and $18.31 EPS for the next fiscal year.
Equinix, Inc. (NASDAQ:EQIX) opened at 458.81 on Tuesday. Equinix, Inc. has a one year low of $314.55 and a one year high of $475.28. The company has a market capitalization of $35.76 billion, a PE ratio of 168.49 and a beta of 0.55. The firm’s 50 day moving average price is $454.69 and its 200-day moving average price is $439.32.
In related news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total transaction of $657,690.00. Following the completion of the sale, the chief financial officer now owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $463.61, for a total value of $92,722.00. The disclosure for this sale can be found here. Insiders have sold 9,911 shares of company stock valued at $4,469,647 in the last ninety days. 0.58% of the stock is currently owned by insiders.
Several analysts have recently issued reports on the company. UBS AG assumed coverage on Equinix in a report on Wednesday, October 18th. They set a “neutral” rating on the stock. Barclays PLC raised Equinix from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $475.00 to $505.00 in a report on Wednesday, October 18th. Jefferies Group LLC reissued a “hold” rating and set a $440.00 target price on shares of Equinix in a report on Thursday, October 12th. Berenberg Bank started coverage on Equinix in a report on Tuesday, September 26th. They set a “buy” rating and a $550.00 target price on the stock. Finally, BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $473.61.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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