Equinix (NASDAQ:EQIX) Stock Rating Lowered by Wall Street Zen

Key Points

• Equinix's stock rating has been downgraded from "hold" to "sell" by Wall Street Zen, reflecting growing concerns among analysts regarding the company's performance.
• UBS Group has decreased its target price for Equinix from $1,035 to $950, while other analysts have issued varied ratings, resulting in a consensus rating of "Moderate Buy" with a price target of $960.65.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly exceeding the consensus estimate, and showed a year-over-year revenue increase of 4.5% to $2.26 billion.

Equinix (NASDAQ:EQIX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

A number of other equities research analysts have also recently issued reports on EQIX. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Guggenheim initiated coverage on Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price target on the stock. Stifel Nicolaus lowered their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $960.65.

Equinix Stock Performance

Equinix stock opened at $800.60 on Friday. The stock has a market cap of $78.35 billion, a P/E ratio of 78.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average of $782.79 and a 200-day moving average of $812.79. Equinix has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the business posted $9.22 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts expect that Equinix will post 33.1 EPS for the current fiscal year.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider's stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. State Street Corp increased its position in shares of Equinix by 3.7% during the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider's stock valued at $4,971,512,000 after purchasing an additional 220,981 shares during the period. JPMorgan Chase & Co. increased its position in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after purchasing an additional 291,753 shares during the period. Finally, Northern Trust Corp increased its position in shares of Equinix by 2.7% during the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the period. 94.94% of the stock is owned by institutional investors.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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