NASDAQ:EQIX

Equinix - EQIX Stock Forecast, Price & News

$593.13

-16.13 (-2.65%)

(As of 09/23/2022 08:56 PM ET)

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Today's Range: $590.21
▼
$598.75
50-Day Range: $593.13
▼
$714.79
52-Week Range: $590.21
▼
$853.42

Volume: 932,300 shs
Average Volume: 467,717 shs
Market Capitalization: $54.02 billion

P/E Ratio: 84.37
Dividend Yield: 2.09%
Price Target: $809.50

Equinix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 36.5% Upside
$809.50 Price Target
Short Interest: Healthy
1.21% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.18
Upright™ Environmental Score
News Sentiment: 0.18
Based on 9 Articles This Week
Insider Trading: Selling Shares
$3.39 M Sold Last Quarter
Proj. Earnings Growth: 11.69%
From $25.33 to $28.29 Per Share

Overall MarketRank^™

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

3.13 out of 5 stars

Finance Sector

126th out of 887 stocks

Real Estate Investment Trusts Industry

25th out of 194 stocks

4.4

Analyst's Opinion

Consensus Rating
Equinix has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $809.50, Equinix has a forecasted upside of 36.5% from its current price of $593.13.
Amount of Analyst Coverage
Equinix has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.21% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Equinix has recently increased by 4.76%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Equinix pays a meaningful dividend of 2.09%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Equinix has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Equinix is 176.39%. 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 43.83% 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.

2.3

News and Social Media Coverage

News Sentiment
Equinix has a news sentiment score of 0.18. 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 lower news sentiment than the 0.45 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Equinix this week, compared to 7 articles on an average week.
Search Interest
Only 3 people have searched for EQIX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
12 people have added Equinix to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 $3,394,370.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Equinix is held by insiders.
Percentage Held by Institutions
93.82% of the stock of Equinix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Equinix are expected to grow by 11.69% in the coming year, from $25.33 to $28.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Equinix is 84.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Equinix is 84.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 165.31.
Price to Earnings Growth Ratio
Equinix has a PEG Ratio of 2.53. 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 4.91. 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, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

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EQIX Stock News Headlines

September 25, 2022 | markets.businessinsider.com

Expert Ratings for Equinix

September 25, 2022 | markets.businessinsider.com

Analyst Ratings for Equinix

September 25, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Rating Lowered to Equal Weight at Barclays

September 23, 2022 | benzinga.com

Analyst Ratings for Equinix - Equinix (NASDAQ:EQIX) - Benzinga

September 23, 2022 | benzinga.com

Expert Ratings for Equinix - Equinix (NASDAQ:EQIX) - Benzinga

September 19, 2022 | finance.yahoo.com

Equinix (EQIX) is One of Baron Fund’s Top Prospects

September 18, 2022 | americanbankingnews.com

Analyzing Medalist Diversified REIT (NASDAQ:MDRR) & Equinix (NASDAQ:EQIX)

September 17, 2022 | nasdaq.com

Why Equinix (EQIX) is a Top Dividend Stock for Your Portfolio - Nasdaq

September 16, 2022 | finance.yahoo.com

Why Equinix (EQIX) is a Top Dividend Stock for Your Portfolio

September 14, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Rating Lowered to Hold at StockNews.com

September 12, 2022 | businesswire.com

CyrusOne Announces Eric Schwartz as CEO - Business Wire

September 6, 2022 | washingtonpost.com

Analysis | Jim Chanos Takes Aim at Data Centers and Their High Valuations - The Washington Post

September 4, 2022 | benzinga.com

Equinix (EQIX) – MEDIA ALERT: Equinix to Speak at Upcoming Investor Conferences - Benzinga

August 31, 2022 | finance.yahoo.com

Equinix (EQIX)-Orange Partnership Boosts Telco Infrastructure

August 30, 2022 | bloomberg.com

DigitalBridge, Equinix Are Said to Be Vying for Time Dotcom Unit - Bloomberg

August 30, 2022 | businesswire.com

Turkcell Superonline and Equinix Cooperated for a Digital Ecosystem - Business Wire

August 30, 2022 | nasdaq.com

If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity - Nasdaq

August 29, 2022 | finance.yahoo.com

SKT vs. EQIX: Which Stock Is the Better Value Option?

August 29, 2022 | ft.com

Will the cloud kill the data centre? Jim Chanos thinks so - Financial Times

August 26, 2022 | ft.com

Data centres ready back-up generators in case of blackouts - Financial Times

August 18, 2022 | benzinga.com

What 8 Analyst Ratings Have To Say About Equinix - Benzinga

August 16, 2022 | nasdaq.com

Is it Wise to Retain Equinix (EQIX) in Your Portfolio Now? - Nasdaq

August 12, 2022 | nasdaq.com

Ex-Dividend Reminder: Equinix, Danaos and Shyft Group - Nasdaq

August 12, 2022 | bizjournals.com

Equinix's Shweta Saraf is a Silicon Valley Business Journal 2022 40 Under 40 honoree. - Silicon Valley Business Journal - The Business Journals

August 3, 2022 | finance.yahoo.com

Here's Why We Think Equinix (NASDAQ:EQIX) Is Well Worth Watching

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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EQIX Company Calendar

Last Earnings: 4/27/2022
Ex-Dividend for 9/21 Dividend: 8/16/2022
Dividend Payable: 9/21/2022
Today: 9/25/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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: 10,944
Year Founded: 1998

Price Target and Rating

Average Stock Price Forecast: $809.50
High Stock Price Forecast: $950.00
Low Stock Price Forecast: $674.00
Forecasted Upside/Downside: +36.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.03
Trailing P/E Ratio: 84.37
Forward P/E Ratio: 23.42
P/E Growth: 2.53
Net Income: $500.19 million
Net Margins: 9.22%
Pretax Margin: 11.19%
Return on Equity: 5.94%
Return on Assets: 2.27%

Debt

Debt-to-Equity Ratio: 1.38
Current Ratio: 2.04
Quick Ratio: 2.04

Sales & Book Value

Annual Sales: $6.64 billion
Price / Sales: 8.14
Cash Flow: $24.14 per share
Price / Cash Flow: 24.57
Book Value: $120.85 per share
Price / Book: 4.91

Miscellaneous

Outstanding Shares: 91,075,000
Free Float: 90,784,000
Market Cap: $54.02 billion
Optionable: Optionable
Beta: 0.49

Social Links

Key Executives

Mr. Peter F. Van Camp (Age 66)
Exec. Chairman

Mr. Charles J. Meyers (Age 56)
Pres, CEO & Director
Comp: $1.1M

Mr. Keith D. Taylor (Age 60)
Chief Financial Officer
Comp: $689.09k

Ms. Brandi Galvin Morandi (Age 49)
Chief Legal & HR Officer and Corp. Sec.
Comp: $625.67k

Mr. Michael Earl Campbell (Age 56)
Chief Sales Officer
Comp: $534.52k

Mr. Karl Strohmeyer (Age 50)
Chief Customer & Revenue Officer
Comp: $644.13k

Mr. Raouf F. Abdel (Age 54)
Exec. VP of Global Operations

Mr. Simon Miller (Age 50)
Chief Accounting Officer

Mr. Justin Dustzadeh
Chief Technology Officer

Mr. Milind Wagle
Sr. VP & Chief Information Officer

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 research analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last twelve months. There are currently 6 hold ratings, 10 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.
What is Equinix's stock price forecast for 2022?: 17 Wall Street analysts have issued 1 year target prices for Equinix's stock. Their EQIX share price forecasts range from $674.00 to $950.00. On average, they expect the company's stock price to reach $809.50 in the next year. This suggests a possible upside of 36.5% 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 2022?: Equinix's stock was trading at $845.84 on January 1st, 2022. Since then, EQIX stock has decreased by 29.9% and is now trading at $593.13.
View the best growth stocks for 2022 here.
When is Equinix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our EQIX earnings forecast.
How were Equinix's earnings last quarter?: Equinix, Inc. (NASDAQ:EQIX) released its earnings results on Wednesday, April, 27th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.46 by $4.84. Equinix had a trailing twelve-month return on equity of 5.94% and a net margin of 9.22%. During the same period in the previous year, the business earned $6.98 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, July 27th. Investors of record on Wednesday, August 17th will be given a dividend of $3.10 per share on Wednesday, September 21st. This represents a $12.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for EQIX.
Is Equinix a good dividend stock?: Equinix (NASDAQ:EQIX) pays an annual dividend of $12.40 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 176.39%. 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 43.83% 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 third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.83 billion-$1.85 billion, compared to the consensus revenue estimate of $1.86 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."
Who are Equinix's major shareholders?: Equinix's stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (6.60%), FMR LLC (1.99%), Price T Rowe Associates Inc. MD (1.90%), Principal Financial Group Inc. (1.62%), JPMorgan Chase & Co. (1.52%) and Northern Trust Corp (1.49%). 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, Simon Miller and William K Luby.
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 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 $593.13.
How much money does Equinix make?: Equinix (NASDAQ:EQIX) has a market capitalization of $54.02 billion and generates $6.64 billion in revenue each year. The financial services provider earns $500.19 million in net income (profit) each year or $7.03 on an earnings per share basis.
How many employees does Equinix have?: The company employs 10,944 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 9/26/2022 by MarketBeat.com Staff

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Equinix - EQIX Stock Forecast, Price & News

Equinix MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows