Equinix (EQIX) to Release Quarterly Earnings on Tuesday

Equinix (NASDAQ:EQIX) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $1.24 per share for the quarter.

Equinix (EQIX) opened at $429.81 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix has a 1-year low of $361.90 and a 1-year high of $495.35. The company has a market capitalization of $34,220.00, a price-to-earnings ratio of 139.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.42.

A number of research firms have recently weighed in on EQIX. UBS Group upgraded Equinix from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a research report on Monday, January 29th. BidaskClub downgraded Equinix from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Credit Suisse Group set a $524.00 target price on Equinix and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Oppenheimer upped their target price on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barclays reiterated a “buy” rating and set a $517.00 target price on shares of Equinix in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $504.29.

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $457.84, for a total value of $686,760.00. Following the completion of the transaction, the chief financial officer now directly owns 26,196 shares in the company, valued at $11,993,576.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total value of $95,874.00. Following the completion of the transaction, the insider now owns 1,125 shares of the company’s stock, valued at $539,291.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,713 shares of company stock valued at $11,057,354. 0.58% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Equinix (EQIX) to Release Quarterly Earnings on Tuesday” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/02/06/equinix-eqix-to-release-quarterly-earnings-on-tuesday.html.

Equinix Company Profile

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.

Earnings History for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply