NASDAQ:EQIX

Equinix (EQIX) Stock Price, News & Analysis

$756.84
-5.06 (-0.66%)
(As of 05:22 PM ET)
Today's Range
$754.53
$768.25
50-Day Range
$734.56
$913.66
52-Week Range
$672.88
$914.93
Volume
775,566 shs
Average Volume
565,545 shs
Market Capitalization
$71.61 billion
P/E Ratio
73.41
Dividend Yield
2.25%
Price Target
$862.50

Equinix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
14.1% Upside
$862.50 Price Target
Short Interest
Healthy
2.16% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.18
Upright™ Environmental Score
News Sentiment
0.67mentions of Equinix in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$3.82 M Sold Last Quarter
Proj. Earnings Growth
8.83%
From $30.93 to $33.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.75 out of 5 stars

Finance Sector

93rd out of 855 stocks

Real Estate Investment Trusts Industry

18th out of 180 stocks

EQIX stock logo

About Equinix Stock (NASDAQ:EQIX)

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 Stock Price History

EQIX Stock News Headlines

German Agri Firm Scraps Euro Bond as Refinancing Looms
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Equinix, Inc. (EQIX)
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Equinix Becomes Oversold (EQIX)
Equinix, PGIM Real Estate Enter Into $600 Mln Data Center JV
Expert Outlook: Equinix Through The Eyes Of 12 Analysts
See More Headlines
Receive EQIX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Equinix and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/03/2023
Ex-Dividend for 3/20 Dividend
2/27/2024
Dividend Payable
3/20/2024
Today
4/24/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:EQIX
CUSIP
29444U50
Employees
13,151
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$862.50
High Stock Price Target
$960.00
Low Stock Price Target
$669.00
Potential Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$969.18 million
Pretax Margin
13.73%

Debt

Sales & Book Value

Annual Sales
$8.19 billion
Cash Flow
$30.24 per share
Book Value
$133.02 per share

Miscellaneous

Free Float
94,366,000
Market Cap
$71.57 billion
Optionable
Optionable
Beta
0.58

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Should I Buy Equinix Stock? EQIX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Equinix, Inc.:

  • Equinix is a leading digital infrastructure company, providing a trusted platform for organizations to interconnect foundational infrastructure at software speed.
  • Equinix enables access to various partners and possibilities, allowing organizations to scale with agility and speed up the launch of digital services.
  • Equinix helps deliver world-class experiences to customers, enhancing value and supporting sustainability goals.
  • Equinix operates in the real estate investment trusts industry, which can offer stable returns and potential tax benefits to investors.
  • Equinix's stock price has shown positive momentum recently, indicating potential growth opportunities for investors.

Cons

Investors should be bearish about investing in Equinix, Inc. for these reasons:

  • Investing in real estate investment trusts like Equinix may involve risks related to market fluctuations and interest rate changes.
  • Competition in the internet software & services subindustry where Equinix operates can impact the company's market position and profitability.
  • Changes in technology and cybersecurity threats could pose challenges to Equinix's digital infrastructure services.
  • Global economic conditions and geopolitical factors may affect Equinix's operations and financial performance.
  • Investors need to carefully consider the potential impact of regulatory changes on Equinix's business operations and growth prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Equinix pros and cons to contact@marketbeat.com.

EQIX Stock Analysis - Frequently Asked Questions

Should I buy or sell Equinix stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last year. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EQIX shares.
View EQIX analyst ratings
or view top-rated stocks.

What is Equinix's stock price target for 2024?

14 equities research analysts have issued 12-month price targets for Equinix's shares. Their EQIX share price targets range from $669.00 to $960.00. On average, they anticipate the company's stock price to reach $862.50 in the next year. This suggests a possible upside of 14.1% 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 2024?

Equinix's stock was trading at $805.39 at the start of the year. Since then, EQIX stock has decreased by 6.1% and is now trading at $756.00.
View the best growth stocks for 2024 here
.

Are investors shorting Equinix?

Equinix saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,040,000 shares, an increase of 46.8% from the March 15th total of 1,390,000 shares. Based on an average daily trading volume, of 569,500 shares, the days-to-cover ratio is presently 3.6 days.
View Equinix's Short Interest
.

When is Equinix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our EQIX earnings forecast
.

How were Equinix's earnings last quarter?

Equinix, Inc. (NASDAQ:EQIX) announced its quarterly earnings results on Wednesday, May, 3rd. The financial services provider reported $2.77 earnings per share for the quarter, missing the consensus estimate of $7.00 by $4.23. The financial services provider earned $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Equinix had a trailing twelve-month return on equity of 8.01% and a net margin of 11.84%. The company's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $7.16 EPS.
Read the conference call transcript
.

How often does Equinix pay dividends? What is the dividend yield for Equinix?

Equinix declared a quarterly dividend on Wednesday, February 14th. Investors of record on Wednesday, February 28th will be given a dividend of $4.26 per share on Wednesday, March 20th. This represents a $17.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, February 27th.
Read our dividend analysis for EQIX
.

Is Equinix a good dividend stock?

Equinix (NASDAQ:EQIX) pays an annual dividend of $17.04 per share and currently has a dividend yield of 2.26%. 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 165.28%. 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 50.62% 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 first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 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).

Who are Equinix's major shareholders?

Equinix's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.47%), AMF Tjanstepension AB (0.33%), Raymond James & Associates (0.18%), Douglas Lane & Associates LLC (0.10%), State of Alaska Department of Revenue (0.06%) and Allspring Global Investments Holdings LLC (0.06%). Insiders that own company stock include Brandi Galvin Morandi, Camp Peter Van, Charles J Meyers, Christopher B Paisley, Fidelma Russo, Gary Hromadko, Irving F Lyons III, Jonathan Lin, Karl Strohmeyer, Keith D Taylor, Keith D Taylor, Michael Earl Campbell, Nicholas Themelis, Sara Baack, Scott Crenshaw and Simon Miller.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:EQIX) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners