Equinix (NASDAQ:EQIX) Rating Increased to Strong-Buy at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn upgraded Equinix to “strong buy,” adding to a broadly positive analyst view. The stock has a consensus “moderate buy” rating and an average price target of $1,206.96.
• Equinix reported quarterly EPS of $11.78, well above the $4.73 consensus estimate, while revenue reached $2.62 billion, up 16.4% year over year and ahead of expectations.
• Equinix shares opened at $1,057.32, near their moving averages and below the 52-week high of $1,128.68. Insiders sold $4.88 million of stock over the past three months, while institutional investors own 94.94% of the company.

Equinix (NASDAQ:EQIX - Get Free Report) was upgraded by investment analysts at Rothschild & Co Redburn to a "strong-buy" rating in a research note issued to investors on Monday, Zacks reports.

EQIX has been the topic of several other reports. BTIG Research raised their target price on Equinix from $1,210.00 to $1,240.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Stifel Nicolaus upped their price target on Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. UBS Group increased their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Equinix in a research note on Tuesday, August 4th. Finally, HSBC reissued a "buy" rating and set a $1,400.00 target price on shares of Equinix in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,206.96.

Equinix Stock Performance

Shares of EQIX stock opened at $1,057.32 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $104.33 billion, a PE ratio of 68.08, a P/E/G ratio of 1.46 and a beta of 0.99. The company's fifty day simple moving average is $1,043.89 and its 200-day simple moving average is $1,042.68. Equinix has a 52 week low of $720.62 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities research analysts anticipate that Equinix will post 38.23 EPS for the current year.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 135 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider directly owned 4,077 shares of the company's stock, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares of the company's stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,770 shares of company stock valued at $4,884,197 in the last three months. Corporate insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Equinix

Several large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in Equinix by 18.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,240 shares of the financial services provider's stock valued at $2,335,000 after buying an additional 355 shares during the last quarter. IPG Investment Advisors LLC bought a new stake in shares of Equinix in the 2nd quarter valued at approximately $262,000. Engineers Gate Manager LP raised its position in shares of Equinix by 116.2% during the 2nd quarter. Engineers Gate Manager LP now owns 26,947 shares of the financial services provider's stock valued at $28,089,000 after acquiring an additional 14,482 shares in the last quarter. Cidel Asset Management Inc. raised its position in shares of Equinix by 6.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 269 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 16 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its stake in Equinix by 9.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 497 shares of the financial services provider's stock valued at $518,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.

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