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NASDAQ:EQIX

Equinix (EQIX) Stock Price, News & Analysis

$761.45
+1.17 (+0.15%)
(As of 06/12/2024 ET)
Today's Range
$759.44
$777.75
50-Day Range
$692.71
$809.68
52-Week Range
$677.80
$914.93
Volume
446,211 shs
Average Volume
605,857 shs
Market Capitalization
$72.27 billion
P/E Ratio
76.37
Dividend Yield
2.24%
Price Target
$872.81

Equinix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.6% Upside
$872.81 Price Target
Short Interest
Healthy
1.99% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.18
Upright™ Environmental Score
News Sentiment
0.20mentions of Equinix in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$1.74 M Sold Last Quarter
Proj. Earnings Growth
7.65%
From $31.13 to $33.51 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.

4.57 out of 5 stars

Finance Sector

147th out of 860 stocks

Real Estate Investment Trusts Industry

20th out of 175 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

7 REITs to Snap Up if the Fed Cuts Interest Rates
Brokerages Set Equinix, Inc. (NASDAQ:EQIX) PT at $872.81
See More Headlines
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Company Calendar

Last Earnings
5/03/2023
Ex-Dividend for 3/20 Dividend
2/27/2024
Dividend Payable
3/20/2024
Ex-Dividend for 6/19 Dividend
5/21/2024
Today
6/12/2024
Dividend Payable
6/19/2024
Next Earnings (Estimated)
8/07/2024
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
$872.81
High Stock Price Target
$960.00
Low Stock Price Target
$671.00
Potential Upside/Downside
+14.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$969.18 million
Pretax Margin
13.07%

Debt

Sales & Book Value

Annual Sales
$8.19 billion
Cash Flow
$30.13 per share
Book Value
$133.02 per share

Miscellaneous

Free Float
94,650,000
Market Cap
$72.27 billion
Optionable
Optionable
Beta
0.68

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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, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's strategic partnerships with major cloud service providers like AWS, Microsoft Azure, and Google Cloud make it a key player in the cloud services industry.
  • Equinix's global data center footprint provides a competitive advantage, allowing it to serve a wide range of customers across different regions.
  • With the increasing demand for digital transformation services, Equinix is well-positioned to capitalize on the growing trend of businesses moving towards cloud-based solutions.
  • Equinix's stock price has been on an upward trend, reflecting positive investor sentiment and potential for future growth.

Cons

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

  • As a real estate investment trust (REIT), Equinix is subject to interest rate risks, which can impact its cost of capital and profitability.
  • The competitive landscape in the data center industry is intense, with other major players like Digital Realty Trust posing a threat to Equinix's market share.
  • Changes in technology and cybersecurity threats could pose risks to Equinix's operations and data security measures.
  • Equinix's high debt levels could limit its flexibility in pursuing future growth opportunities or weathering economic downturns.
  • Investing in Equinix involves exposure to market volatility and potential fluctuations in the stock price, which may not be suitable for all investors.
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 Wednesday, June 5, 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?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last year. There are currently 6 hold ratings, 8 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 target for 2024?

15 Wall Street research analysts have issued 1 year price targets for Equinix's shares. Their EQIX share price targets range from $671.00 to $960.00. On average, they anticipate the company's share price to reach $872.81 in the next year. This suggests a possible upside of 14.6% 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 5.5% and is now trading at $761.45.
View the best growth stocks for 2024 here
.

Are investors shorting Equinix?

Equinix saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 1,890,000 shares, an increase of 6.2% from the May 15th total of 1,780,000 shares. Based on an average daily trading volume, of 726,200 shares, the days-to-cover ratio is currently 2.6 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, August 7th 2024.
View our EQIX earnings forecast
.

How were Equinix's earnings last quarter?

Equinix, Inc. (NASDAQ:EQIX) issued its quarterly earnings results on Wednesday, May, 3rd. The financial services provider reported $2.77 earnings per share (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 analyst estimates of $1.97 billion. Equinix had a trailing twelve-month return on equity of 7.73% and a net margin of 11.32%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company 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, May 8th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $4.26 per share on Wednesday, June 19th. This represents a $17.04 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, May 21st.
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 2.23%. 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 170.91%. 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 50.85% 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 second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 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 Vanguard Group Inc. (13.21%), Capital International Investors (2.40%), Principal Financial Group Inc. (1.74%), Price T Rowe Associates Inc. MD (1.47%), Centersquare Investment Management LLC (1.00%) and Capital Research Global Investors (0.96%). 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, 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.
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This page (NASDAQ:EQIX) was last updated on 6/13/2024 by MarketBeat.com Staff

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