NASDAQ:EQIX

Equinix (EQIX) Stock Forecast, Price & News

$720.97

+13.87 (+1.96%)

(As of 09/28/2023 ET)

Compare

Today's Range: $707.43
▼
$723.57
50-Day Range: $707.10
▼
$819.10
52-Week Range: $494.89
▼
$821.63

Volume: 471,989 shs
Average Volume: 337,805 shs
Market Capitalization: $67.46 billion

P/E Ratio: 83.16
Dividend Yield: 1.89%
Price Target: $814.57

Equinix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.65 Rating Score
Upside/Downside: 13.0% Upside
$814.57 Price Target
Short Interest: Bearish
1.75% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.18
Upright™ Environmental Score
News Sentiment: 1.07
Based on 8 Articles This Week
Insider Trading: Selling Shares
$8.95 M Sold Last Quarter
Proj. Earnings Growth: 6.17%
From $28.06 to $29.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Finance Sector

363rd out of 871 stocks

Real Estate Investment Trusts Industry

72nd out of 181 stocks

3.3

Analyst's Opinion

Consensus Rating
Equinix has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 9 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $814.57, Equinix has a forecasted upside of 13.0% from its current price of $720.97.
Amount of Analyst Coverage
Equinix has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
1.75% of the outstanding shares of Equinix have been sold short.
Short Interest Ratio / Days to Cover
Equinix has a short interest ratio ("days to cover") of 4.5.
Change versus previous month

2.5

Dividend Strength

Dividend Yield
Equinix pays a meaningful dividend of 1.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Equinix has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Equinix is 157.32%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Equinix will have a dividend payout ratio of 45.79% next year. This indicates that Equinix will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Equinix has received a 26.07% net impact score from Upright. Equinix seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Data center services", "Industrial internet network provision", and "Consumer internet network provision" products. See details.
Environmental Sustainability
The Environmental Impact score for Equinix is -1.18.

2.8

News and Social Media Coverage

News Sentiment
Equinix has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Equinix this week, compared to 6 articles on an average week.
Search Interest
Only 1 people have searched for EQIX on MarketBeat in the last 30 days. This is a decrease of -94% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Equinix to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Equinix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,952,535.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Equinix is held by insiders.
Percentage Held by Institutions
93.16% of the stock of Equinix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Equinix are expected to grow by 6.17% in the coming year, from $28.06 to $29.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Equinix is 83.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Equinix is 83.16, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 73.98.
Price to Earnings Growth Ratio
Equinix has a PEG Ratio of 1.71. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Equinix has a P/B Ratio of 5.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Equinix (NASDAQ:EQIX) Stock

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.

EQIX Price History

30 days | 90 days | 365 days | Advanced Chart

EQIX Stock News Headlines

August 30, 2023 | marketbeat.com

What Are Specialty REITs? How to Invest in Them (EQIX)

What are specialty REITs? They are real estate investment trusts that may not fit in with other sectors. Learn more about specialty REITs.

August 30, 2023 | marketbeat.com

5 Best Stocks to Buy in a Bear Market (EQIX)

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September 29, 2023 | The Oxford Club (Ad)

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September 27, 2023 | finance.yahoo.com

Equinix (EQIX), Southern Cross Duo Boosts Digital Infrastructure

September 26, 2023 | finance.yahoo.com

Equinix Serves as Gateway for Southern Cross NEXT Subsea Cable System, Linking Australia and New Zealand with the U.S.

September 19, 2023 | msn.com

Equinix: One For The Watchlist

September 13, 2023 | finance.yahoo.com

25 Biggest Web3 Companies In The World

September 9, 2023 | finance.yahoo.com

Insider Sell: EVP, GM Digital Services Scott Crenshaw Sells 1,085 Shares of Equinix Inc

September 29, 2023 | The Oxford Club (Ad)

He's Giving Away His Ultimate Dividend Package FOR FREE!

September 8, 2023 | prnewswire.com

MEDIA ALERT: Equinix to Speak at Upcoming Investor Conference

September 6, 2023 | finance.yahoo.com

Equinix, Inc.: Consistent revenue growth in 2Q23; raising target to $842

September 6, 2023 | finance.yahoo.com

Equinix Appoints Adam Berlew as Chief Marketing Officer

September 4, 2023 | finance.yahoo.com

Equinix Inc (EQN2.MU)

August 31, 2023 | benzinga.com

Here's How Much You Would Have Made Owning Equinix Stock In The Last 10 Years

August 29, 2023 | msn.com

Equinix Australia data centre boss details increasing pressure on infrastructure

August 24, 2023 | finance.yahoo.com

Is Equinix (EQIX) Stock Fairly Valued?

August 18, 2023 | finance.yahoo.com

Equinix (EQIX) Shares Rally 15% YTD: Will the Trend Last?

August 17, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Two Harbors (TWO) and Equinix (EQIX)

August 16, 2023 | marketwatch.com

Equinix Inc. stock outperforms competitors despite losses on the day

August 15, 2023 | markets.businessinsider.com

What 11 Analyst Ratings Have To Say About Equinix

August 11, 2023 | benzinga.com

$1000 Invested In Equinix 20 Years Ago Would Be Worth This Much Today

August 11, 2023 | finance.yahoo.com

Equinix (EQIX) Expands in Mumbai to Tap India's Digital Growth

August 10, 2023 | msn.com

Equinox to expand footprint in Mumbai, India with $42M investment

August 10, 2023 | msn.com

Equinix to expand footprint in Mumbai, India with $42M investment

August 10, 2023 | finance.yahoo.com

Equinix Expands Footprint in Mumbai to Address Rising Demand for Digital Infrastructure

August 3, 2023 | msn.com

Raymond James Maintains Equinix (EQIX) Strong Buy Recommendation

August 3, 2023 | msn.com

Equinix projects quarterly revenue below estimates, shares slip

See More Headlines

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EQIX Company Calendar

Last Earnings: 5/03/2023
Ex-Dividend for 9/20 Dividend: 8/22/2023
Dividend Payable: 9/20/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate investment trusts
Sub-Industry: Internet Software & Services
Sector: Finance
Current Symbol: NASDAQ:EQIX
CUSIP: 29444U50
CIK: 1101239
Web: www.equinix.com
Phone: (650) 598-6000
Fax: 650-598-6900
Employees: 12,097
Year Founded: 1998

Price Target and Rating

Average Stock Price Forecast: $814.57
High Stock Price Forecast: $910.00
Low Stock Price Forecast: $670.00
Forecasted Upside/Downside: +13.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.65
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.67
Trailing P/E Ratio: 83.16
Forward P/E Ratio: 25.69
P/E Growth: 1.71
Net Income: $704.34 million
Net Margins: 10.43%
Pretax Margin: 12.71%
Return on Equity: 6.91%
Return on Assets: 2.63%

Debt

Debt-to-Equity Ratio: 1.29
Current Ratio: 2.02
Quick Ratio: 2.02

Sales & Book Value

Annual Sales: $7.26 billion
Price / Sales: 9.29
Cash Flow: $26.94 per share
Price / Cash Flow: 26.76
Book Value: $124.34 per share
Price / Book: 5.80

Miscellaneous

Outstanding Shares: 93,570,000
Free Float: 93,266,000
Market Cap: $67.46 billion
Optionable: Optionable
Beta: 0.65

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Key Executives

Mr. Peter F. Van Camp (Age 67)
Exec. Chairman

Mr. Charles J. Meyers (Age 57)
Pres, CEO & Director
Comp: $1.14M

Mr. Keith D. Taylor (Age 61)
Chief Financial Officer
Comp: $714.52k

Ms. Brandi Galvin Morandi (Age 50)
Chief Legal & HR Officer and Corp. Sec.
Comp: $637k

Mr. Scott Crenshaw (Age 58)
Exec. VP & GM of Digital Services
Comp: $513.45k

Mr. Raouf F. Abdel (Age 55)
Exec. VP of Global Operations

Mr. Simon Miller (Age 51)
Chief Accounting Officer

Mr. Justin Dustzadeh
Chief Technology Officer

Mr. Milind Wagle
Sr. VP & Chief Information Officer

Ms. Katrina Rymill
VP of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EQIX Stock - Frequently Asked Questions

Should I buy or sell Equinix stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last year. There are currently 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EQIX shares.
View EQIX analyst ratings or view top-rated stocks.
What is Equinix's stock price forecast for 2023?: 17 brokers have issued 12 month price targets for Equinix's shares. Their EQIX share price forecasts range from $670.00 to $910.00. On average, they anticipate the company's share price to reach $814.57 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
View analysts price targets for EQIX or view top-rated stocks among Wall Street analysts.
How have EQIX shares performed in 2023?: Equinix's stock was trading at $655.03 at the beginning of the year. Since then, EQIX shares have increased by 10.1% and is now trading at $720.97.
View the best growth stocks for 2023 here.
When is Equinix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our EQIX earnings forecast.
How were Equinix's earnings last quarter?: Equinix, Inc. (NASDAQ:EQIX) posted its earnings results on Wednesday, May, 3rd. The financial services provider reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $7.00 by $4.23. The financial services provider earned $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Equinix had a trailing twelve-month return on equity of 6.91% and a net margin of 10.43%. Equinix's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $7.16 earnings per share.
Read the conference call transcript.
How often does Equinix pay dividends? What is the dividend yield for Equinix?: Equinix announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, August 23rd will be given a dividend of $3.41 per share on Wednesday, September 20th. This represents a $13.64 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for EQIX.
What ETFs hold Equinix's stock?: ETFs with the largest weight of Equinix (NASDAQ:EQIX) stock in their portfolio include Pacer Data & Infrastructure Real Estate ETF (SRVR), SP Funds S&P Global REIT Sharia ETF (SPRE), Global X Data Center REITs & Digital Infrastructure ETF (VPN), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), ALPS Active REIT ETF (REIT) and Fidelity Real Estate Investment ETF (FPRO).
Is Equinix a good dividend stock?: Equinix (NASDAQ:EQIX) pays an annual dividend of $13.64 per share and currently has a dividend yield of 1.92%. 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 157.32%. 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 45.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQIX.

What guidance has Equinix issued on next quarter's earnings?: Equinix updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $31.51-$32.15 for the period, compared to the consensus estimate of $22.04. The company issued revenue guidance of $8.17 billion-$8.25 billion, compared to the consensus revenue estimate of $8.23 billion.
What is Charles Meyers' approval rating as Equinix's CEO?: 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.
What other stocks do shareholders of Equinix own?: 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).
What is Equinix's stock symbol?: Equinix trades on the NASDAQ under the ticker symbol "EQIX."
How do I buy shares of Equinix?: 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.
Compare Top Brokerages Here.
What is Equinix's stock price today?: One share of EQIX stock can currently be purchased for approximately $720.97.
How much money does Equinix make?: Equinix (NASDAQ:EQIX) has a market capitalization of $67.46 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 $8.67 on an earnings per share basis.
How many employees does Equinix have?: The company employs 12,097 workers across the globe.
Does Equinix have any subsidiaries?: The following companies are subsidiares of Equinix: Alog Data Centers do Brasil, Asia Tone Limited, Bit-isle Equinix, CHI 3 LLC, CHI 3 Procurement LLC, DCI Management Inc., DCI Tech Holdings Infomart LLLP, EMEA Hyperscale 1 C.V., EPS Enterprises Inc., Equinix (Australia) Enterprises Holdings Pty Limited, Equinix (Australia) Enterprises Pty Limited, Equinix (Bulgaria) Data Centers EAD, Equinix (Canada) Enterprises Ltd., Equinix (Cayman) Holdings Limited, Equinix (China) Investment Holding Co. Ltd, Equinix (EMEA) Acquisition Enterprises B.V., Equinix (EMEA) B.V., Equinix (EMEA) Management Inc., Equinix (Finland) Enterprises Oy, Equinix (Finland) Oy, Equinix (France) Enterprises SAS, Equinix (Germany) Enterprises GmbH, Equinix (Germany) GmbH, Equinix (Government) LLC, Equinix (Hong Kong) Enterprises Limited, Equinix (Ireland) Enterprises Limited, Equinix (Ireland) Limited, Equinix (Italia) Enterprises S.r.l., Equinix (Japan) Enterprises K.K., Equinix (Japan) Technology Services K.K., Equinix (Netherlands) B.V., Equinix (Netherlands) Enterprises B.V., Equinix (Netherlands) Holdings B.V., Equinix (Poland) Enterprises sp. z o.o., Equinix (Poland) Technology Services sp. z o.o., Equinix (Poland) sp. z o.o., Equinix (Portugal) Data Centers S.A., Equinix (Real Estate) B.V., Equinix (Real Estate) GmbH, Equinix (Real Estate) Holdings SC, Equinix (Real Estate) SCI, Equinix (Services) Limited, Equinix (Singapore) Enterprises Pte. Ltd., Equinix (Spain) Enterprises S.L.U., Equinix (Spain) S.A.U., Equinix (Sweden) AB, Equinix (Sweden) Enterprises AB, Equinix (Switzerland) Enterprises GmbH, Equinix (Switzerland) GmbH, Equinix (UK) Acquisition Enterprises Limited, Equinix (UK) Enterprises Ltd., Equinix (UK) Limited, Equinix (US) Enterprises Inc., Equinix (Velocity) Holding Company, Equinix Asia Pacific Holdings Pte. Ltd., Equinix Asia Pacific Pte. Ltd., Equinix Australia National Pty. Ltd., Equinix Australia Pty Limited, Equinix Canada Ltd., Equinix Colombia Inc., Equinix France SAS, Equinix Government Solutions LLC, Equinix Hong Kong Limited, Equinix Hyperscale (GP) LLC, Equinix Hyperscale (LP) LLC, Equinix Hyperscale 1 (LD11) Ltd., Equinix Hyperscale 1 Holdings B.V., Equinix II (Portugal) Enterprises Data Centers Unipessoal Lda, Equinix Impact LLC, Equinix Information Technology (Shanghai) Co. Ltd., Equinix Italia S.r.l., Equinix Japan K.K. (in Kanji), Equinix Korea LLC, Equinix LLC, Equinix Middle East FZ-LLC, Equinix Muscat LLC, Equinix Pacific LLC, Equinix Professional Services Inc., Equinix RP II LLC, Equinix Singapore Holdings Pte. Ltd., Equinix Singapore Pte. Ltd., Equinix South America Holdings LLC, Equinix Turkey Data Merkezi Üretim Inşaat Sanayi ve Ticaret Anonim Şirketi, Equinix Turkey Enterprises Data Merkezi Üretim Inşaat Sanayi ve Ticaret Anonim Şirketi, Equinix Turkey Internet Hizmetleri Anonim Sirketi, Equinix WGQ Information Technology (Shanghai) Co. Ltd., Equinix YP Information Technology (Shanghai) Co. Ltd., Equinix do Brasil Soluções de Tecnologia em Informática Ltda., Equinix do Brasil Telecomunicações Ltda., Gaohong Equinix (Shanghai) Information Technology Co. Ltd, Infomart Dallas GP LLC, Infomart Dallas LP, Infomart Holdings LLC, Infomart Venture LLC, Itconic Innovate IT, Kleyer 90 Carrier Hotel, Kvastvägen Fastighets AB, LA4 LLC, MGH Bidco Pty Limited, MGH Finco Pty Limited, MGH Holdco Pty Ltd, MGH Pegasus Pty Ltd, McLaren Pty Limited, McLaren Unit Trust, Metronode, Metronode (ACT) Pty Limited, Metronode (NSW) Pty Ltd, Metronode C1 Pty Limited, Metronode Group Pty Limited, Metronode Investments Pty Limited, Metronode M2 Pty Ltd, Metronode New Zealand Limited, Metronode P2 Pty Limited, Metronode S2 Pty Ltd, Moran Road Partners LLC, NY2 Hartz Way LLC, Nimbo, Open Hub Med Societa Consortile a responsabilita limitata, Packet, SV1 LLC, Switch & Data Facilities Company LLC, Switch & Data LLC, Switch & Data MA One LLC, Switch & Data WA One LLC, Switch & Data/NY Facilities Company LLC, Switch And Data NJ Two LLC, Switch and Data, Switch and Data CA Nine LLC, Switch and Data Operating Company LLC, Switch and Data VA Four LLC, Telecity Group Limited, TelecityGroup, TelecityGroup Holdings Ltd., TelecityGroup International Ltd., TelecityGroup Investments Ltd., TelecityGroup Spain S.A., TelecityGroup UK Ltd., Upminster GmbH, VDC I LLC, VDC II LLC, VDC III LLC, VDC IV LLC, VDC V LLC, VDC VI LLC, VDC VII LLC, VDC VIII LLC, Virtu Secure Webservices B.V., and ancotel.
Read More
How can I contact Equinix?: 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.

This page (NASDAQ:EQIX) was last updated on 9/29/2023 by MarketBeat.com Staff

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