Equinix (EQIX) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last twelve months. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EQIX shares.
View EQIX analyst ratings or view top-rated stocks.

18 Wall Street analysts have issued 12-month target prices for Equinix's shares. Their EQIX share price forecasts range from $670.00 to $886.00. On average, they predict the company's share price to reach $781.11 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
View analysts price targets for EQIX or view top-rated stocks among Wall Street analysts.

Equinix's stock was trading at $655.03 at the start of the year. Since then, EQIX stock has increased by 15.7% and is now trading at $757.61.
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Equinix saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,470,000 shares, a drop of 9.3% from the April 30th total of 1,620,000 shares. Based on an average trading volume of 396,100 shares, the short-interest ratio is presently 3.7 days.
View Equinix's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EQIX earnings forecast.

Equinix, Inc. (NASDAQ:EQIX) released its quarterly earnings data on Wednesday, May, 3rd. The financial services provider reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $7.00 by $4.23. The financial services provider had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. Equinix had a net margin of 10.84% and a trailing twelve-month return on equity of 7.20%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $7.16 EPS.
Read the conference call transcript.

Equinix declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Wednesday, May 24th will be paid a dividend of $3.41 per share on Wednesday, June 21st. This represents a $13.64 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, May 23rd.
Read our dividend analysis for EQIX.

ETFs with the largest weight of Equinix (NASDAQ:EQIX) stock in their portfolio include Pacer Data & Infrastructure Real Estate ETF (SRVR), Global X Data Center REITs & Digital Infrastructure ETF (VPN), SP Funds S&P Global REIT Sharia ETF (SPRE), JPMorgan Realty Income ETF (JPRE), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR) and ALPS Active REIT ETF (REIT).

Equinix (NASDAQ:EQIX) pays an annual dividend of $13.64 per share and currently has a dividend yield of 1.81%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 154.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EQIX will have a dividend payout ratio of 45.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQIX.

Equinix issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $31.15-$32.00 for the period, compared to the consensus estimate of $21.20. The company issued revenue guidance of $8.18 billion-$8.28 billion, compared to the consensus revenue estimate of $8.20 billion.

663 employees have rated Equinix Chief Executive Officer Charles Meyers on Glassdoor.com. Charles Meyers has an approval rating of 98% among the company's employees. This puts Charles Meyers in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Equinix to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Equinix investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Mastercard (MA), American Tower (AMT), Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), PayPal (PYPL) and Walt Disney (DIS).

Equinix trades on the NASDAQ under the ticker symbol "EQIX."

Equinix's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.11%), State Street Corp (6.45%), Geode Capital Management LLC (2.14%), FMR LLC (2.13%), APG Asset Management US Inc. (1.51%) and Price T Rowe Associates Inc. MD (1.47%). Insiders that own company stock include Adaire Fox-Martin, Brandi Galvin Morandi, Camp Peter Van, Charles J Meyers, Charles J Meyers, Christopher B Paisley, Gary Hromadko, Irving F Lyons III, Jonathan Lin, Karl Strohmeyer, Keith D Taylor, Keith D Taylor, Michael Earl Campbell, Nanci Caldwell, Nicholas Themelis, Sara Baack and Simon Miller.
View institutional ownership trends.

Shares of EQIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EQIX stock can currently be purchased for approximately $757.61.

Equinix (NASDAQ:EQIX) has a market capitalization of $70.85 billion and generates $7.26 billion in revenue each year. The financial services provider earns $704.34 million in net income (profit) each year or $8.83 on an earnings per share basis.

The company employs 12,097 workers across the globe.

Equinix's mailing address is ONE LAGOON DRIVE, REDWOOD CITY CA, 94065. The official website for the company is www.equinix.com. The financial services provider can be reached via phone at (650) 598-6000, via email at invest@equinix.com, or via fax at 650-598-6900.