Equinix, Inc. (EQIX) Announces Quarterly Dividend of $2.00
Equinix, Inc. (NASDAQ:EQIX) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 2.00 per share by the financial services provider on Wednesday, December 13th. This represents a $8.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, November 14th.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equinix’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.95 earnings per share.
In other Equinix news, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $463.61, for a total transaction of $92,722.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $455.42, for a total value of $683,130.00. Following the sale, the chief financial officer now directly owns 29,596 shares of the company’s stock, valued at approximately $13,478,610.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,411 shares of company stock valued at $5,152,777. Company insiders own 0.58% of the company’s stock.
EQIX has been the subject of several research reports. Berenberg Bank initiated coverage on Equinix in a report on Tuesday, September 26th. They set a “buy” rating and a $550.00 price objective for the company. BidaskClub downgraded Equinix from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Cowen and Company reissued a “buy” rating on shares of Equinix in a research report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and set a $470.00 price target on shares of Equinix in a research report on Sunday, July 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $497.00 price target (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Equinix has a consensus rating of “Buy” and a consensus price target of $492.47.
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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