Equinix (NASDAQ:EQIX) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Equinix shares crossed above their 200-day moving average, reaching $1,011.65 and last trading at $1,007.66, signaling improved technical momentum.
• Third-quarter results exceeded expectations, with FFO of $11.64 per share and revenue of $2.57 billion. Record annualized bookings, double-digit recurring-revenue growth, and higher 2026 guidance point to strong demand for data-center and AI infrastructure.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $1,215.68, although unusually heavy put-option activity indicated some investor hedging against downside risk.

Equinix, Inc. (NASDAQ:EQIX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1,005.57 and traded as high as $1,011.65. Equinix shares last traded at $1,007.66, with a volume of 693,737 shares changing hands.

Equinix News Roundup

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Equinix reported third-quarter FFO of $11.64 per share, above the $10.51 consensus estimate, while revenue rose to $2.57 billion versus expectations of $2.56 billion. FFO increased from $9.83 a year earlier. Equinix surpasses Q3 FFO and revenue estimates
• Positive Sentiment: Record annualized gross bookings of $533 million, up 35% year over year, signaled robust demand and improving pricing. Monthly recurring revenue grew at a double-digit rate for the fourth consecutive quarter, supporting expectations for continued revenue growth. Equinix reports third-quarter results and raises 2026 guidance
• Positive Sentiment: Management raised full-year 2026 guidance for the third consecutive quarter and issued fourth-quarter guidance, reflecting strong operating performance. The company also expects nearly 40% more cabinets to be delivered in 2026 than initially planned, indicating accelerating capacity deployment.
• Positive Sentiment: Interconnection revenue grew 10% year over year, while Fabric revenue increased 24%. Management also highlighted two enterprise products designed to support AI inference workloads, strengthening the company’s positioning in the expanding AI infrastructure market. Equinix CEO unveils AI inference products
• Neutral Sentiment: Equinix declared its regular quarterly dividend of $5.16 per share, providing continued income support for shareholders but not representing a change in dividend policy. Equinix declares quarterly dividend
• Negative Sentiment: Unusually heavy put-option activity before earnings—5,756 puts traded, 656% above average—suggested some investors were hedging against downside risk. This is a market-positioning signal rather than evidence of deteriorating fundamentals.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQIX. Stifel Nicolaus boosted their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. HSBC lowered their target price on shares of Equinix from $1,400.00 to $1,380.00 and set a "buy" rating for the company in a research note on Wednesday, September 23rd. TD Cowen raised their target price on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $1,340.00 price target (up from $1,300.00) on shares of Equinix in a research report on Thursday, July 30th. Finally, BMO Capital Markets increased their price objective on shares of Equinix from $1,225.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,215.68.

Equinix Trading Up 0.8%

The firm has a market capitalization of $99.43 billion, a PE ratio of 64.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The company's 50-day simple moving average is $1,024.46 and its 200 day simple moving average is $1,005.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $11.64 EPS for the quarter, beating analysts' consensus estimates of $4.11 by $7.53. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $9.83 earnings per share. As a group, sell-side analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Insider Activity

In related news, insider Kurt Pletcher sold 135 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares of the company's stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,770 shares of company stock valued at $4,884,197 in the last ninety days. Insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Equinix

Several institutional investors have recently made changes to their positions in the company. Avion Wealth increased its stake in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 24 shares during the last quarter. Trust Co. of Vermont acquired a new position in Equinix during the 2nd quarter worth $34,000. Finally, Bogart Wealth LLC grew its holdings in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider's stock worth $39,000 after acquiring an additional 28 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

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