Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryInternet Software & Services
SectorFinance
SymbolNASDAQ:EQIX
CUSIP29444U50
Phone650-598-6000
Debt
Debt-to-Equity Ratio1.53
Current Ratio2.36
Quick Ratio2.36
Price-To-Earnings
Trailing P/E Ratio22.60
Forward P/E Ratio22.16
P/E Growth1.16
Sales & Book Value
Annual Sales$4.37 billion
Price / Sales7.62
Cash Flow$16.9442 per share
Price / Cash24.72
Book Value$87.56 per share
Price / Book4.78
Profitability
EPS (Most Recent Fiscal Year)$18.53
Net Income$232.98 million
Net Margins5.48%
Return on Equity7.00%
Return on Assets2.55%
Miscellaneous
Employees7,273
Outstanding Shares79,460,000
Equinix (NASDAQ:EQIX) Frequently Asked Questions
What is Equinix's stock symbol?
Equinix trades on the NASDAQ under the ticker symbol "EQIX."
How often does Equinix pay dividends? What is the dividend yield for Equinix?
Equinix declared a quarterly dividend on Thursday, May 3rd. Stockholders of record on Wednesday, May 23rd will be paid a dividend of $2.28 per share on Wednesday, June 20th. This represents a $9.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, May 22nd. View Equinix's Dividend History.
How were Equinix's earnings last quarter?
Equinix Inc (NASDAQ:EQIX) announced its quarterly earnings data on Wednesday, May, 2nd. The financial services provider reported $0.79 EPS for the quarter, missing the Zacks' consensus estimate of $3.70 by $2.91. The financial services provider earned $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equinix had a return on equity of 7.00% and a net margin of 5.48%. The firm's revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.14 EPS. View Equinix's Earnings History.
What price target have analysts set for EQIX?
20 Wall Street analysts have issued 1 year price targets for Equinix's shares. Their forecasts range from $435.00 to $550.00. On average, they expect Equinix's stock price to reach $507.30 in the next twelve months. View Analyst Ratings for Equinix.
What are Wall Street analysts saying about Equinix stock?
Here are some recent quotes from research analysts about Equinix stock:
- 1. According to Zacks Investment Research, "Equinix recently reported better than expected first-quarter 2018 results, primarily driven by robust top-line growth and strong operating performance. Further, in April 2018, the company completed the acquisition of Infomart Dallas in Latin America and Metronode in Australia. Notably, Equinix has been witnessing strong year-over-year revenue growth for the past several quarters, mainly driven by high demand for its cloud services by corporations. Additionally, the company’s recurring revenue model and current expansion plans are encouraging. In April 2017, it announced a billion-dollar aggressive expansion plan, which includes unveiling data centers, acquisitions and expansion of existing facilities. Nonetheless, we are concerned about the company’s growing debt burden, which will adversely affect the operating results as interest expenses would go up. Also, shares of Equinix have underperformed the industry in the past three months." (5/8/2018)
- 2. Credit Suisse Group AG analysts commented, "We met with EQIX executives Keith Taylor (CFO) and Lance Weaver (VP of Platform Strategy and Emerging Services) at the EQIX headquarters in Redwood City, CA." (2/25/2018)
- 3. Barclays PLC analysts commented, "The Beach Boys wished they all could be California girls," and we wish that all BDCs could report steady and strong results like Santa Monica-based TCPC. Second- quarter 2017 was another strong quarter, such that TCPC easily covered its $0.36 per share regular dividend—just like the 20 quarters that preceded it. The company reported core net investment income of $0.43 per share versus our $0.39 estimate. While the quarter benefited from unusually strong prepayment fees, there are some of these virtually every quarter. TCPC trades at a premium to other BDCs at 110% of NAV vs. the group average of 95%, and with an 8.7% yield vs. an average of 9.5%." (8/3/2017)
Who are some of Equinix's key competitors?
Some companies that are related to Equinix include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Prologis (PLD), Weyerhaeuser (WY), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP) and SBA Communications (SBAC).
Who are Equinix's key executives?
Equinix's management team includes the folowing people:
- Mr. Keith D. Taylor, Chief Financial Officer (Age 56)
- Mr. Eric Schwartz, Pres of EMEA (Age 51)
- Mr. Charles J. Meyers, Pres of Strategy, Services & Innovation (Age 52)
- Mr. Karl Strohmeyer, Pres of Americas (Age 46)
- Mr. Peter F. Van Camp, Interim CEO, Pres & Exec. Chairman (Age 62)
Has Equinix been receiving favorable news coverage?
News articles about EQIX stock have trended somewhat positive recently, Accern reports. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a media sentiment score of 0.11 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 46.66 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Equinix's major shareholders?
Equinix's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.45%), Edgewood Management LLC (2.78%), Principal Financial Group Inc. (2.62%), Dimensional Fund Advisors LP (1.45%), Daiwa Securities Group Inc. (1.44%) and JPMorgan Chase & Co. (1.44%). Company insiders that own Equinix stock include Camp Peter Van, Charles J Meyers, Christopher B Paisley, Crosslink Capital Inc, Eric Schwartz, Irving F Lyons III, Karl Strohmeyer, Keith D Taylor, Michael Earl Campbell, Sara Baack, Stephen M Smith and Yau Tat Lee. View Institutional Ownership Trends for Equinix.
Which institutional investors are selling Equinix stock?
EQIX stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., BlackRock Inc., Heitman Real Estate Securities LLC, Zimmer Partners LP, Royal Bank of Canada, Victory Capital Management Inc., AGF Investments Inc. and Atlantic Trust Group LLC. Company insiders that have sold Equinix company stock in the last year include Camp Peter Van, Charles J Meyers, Christopher B Paisley, Irving F Lyons III, Karl Strohmeyer, Keith D Taylor, Michael Earl Campbell, Stephen M Smith and Yau Tat Lee. View Insider Buying and Selling for Equinix.
Which institutional investors are buying Equinix stock?
EQIX stock was purchased by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Summit Trail Advisors LLC, Edgewood Management LLC, USS Investment Management Ltd, Principal Financial Group Inc., Criterion Capital Management LLC, Sustainable Growth Advisers LP and Franklin Resources Inc.. View Insider Buying and Selling for Equinix.
How do I buy shares of Equinix?
Shares of EQIX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Equinix's stock price today?
One share of EQIX stock can currently be purchased for approximately $418.86.
How big of a company is Equinix?
Equinix has a market capitalization of $32.63 billion and generates $4.37 billion in revenue each year. The financial services provider earns $232.98 million in net income (profit) each year or $18.53 on an earnings per share basis. Equinix employs 7,273 workers across the globe.
How can I contact Equinix?
Equinix's mailing address is ONE LAGOON DRIVE, REDWOOD CITY CA, 94065. The financial services provider can be reached via phone at 650-598-6000 or via email at [email protected]
MarketBeat Community Rating for Equinix (EQIX)
MarketBeat's community ratings are surveys of what our community members think about Equinix and other stocks. Vote "Outperform" if you believe EQIX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EQIX will underperform the S&P 500 over the long term. You may vote once every thirty days.
