Equinix (NASDAQ:EQIX) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Equinix has been upgraded to a "hold" rating by Wall Street Zen, following previous ratings changes from other analysts.
• The stock's price target has seen fluctuations, with Barclays increasing it to $804.00, while UBS Group lowered it to $950.00, indicating varying analyst opinions on Equinix’s future performance.
• Equinix reported a strong quarterly earnings performance with a net margin of 11.11% and earnings per share of $9.91, significantly exceeding consensus estimates.

Equinix (NASDAQ:EQIX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Several other research analysts have also commented on EQIX. Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Barclays raised their price objective on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research report on Saturday, September 27th. Truist Financial raised their price target on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, UBS Group dropped their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Price Performance

Shares of EQIX stock traded up $6.14 on Friday, reaching $778.74. The company's stock had a trading volume of 391,894 shares, compared to its average volume of 508,408. The stock's fifty day simple moving average is $782.18 and its 200-day simple moving average is $814.49. Equinix has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a market capitalization of $76.21 billion, a price-to-earnings ratio of 76.27, a price-to-earnings-growth ratio of 1.38 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.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Equinix

A number of hedge funds and other institutional investors have recently modified their holdings of EQIX. Valeo Financial Advisors LLC raised its stake in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock worth $6,488,728,000 after buying an additional 8,154,365 shares in the last quarter. Norges Bank bought a new position in shares of Equinix in the 2nd quarter worth $892,431,000. Nuveen LLC purchased a new stake in shares of Equinix during the 1st quarter worth $662,663,000. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after purchasing an additional 248,075 shares in the last quarter. 94.94% of the stock is currently 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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