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NASDAQ:EQIX

Equinix - EQIX Stock Forecast, Price & News

$706.90
-5.14 (-0.72%)
(As of 08/17/2022 05:40 PM ET)
Add
Compare
Today's Range
$699.81
$713.00
50-Day Range
$611.93
$714.79
52-Week Range
$606.12
$885.26
Volume
226,012 shs
Average Volume
473,585 shs
Market Capitalization
$64.38 billion
P/E Ratio
100.55
Dividend Yield
1.74%
Price Target
$818.31

Equinix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
15.8% Upside
$818.31 Price Target
Short Interest
Healthy
1.57% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.18
Upright™ Environmental Score
News Sentiment
0.41mentions of Equinix in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$3.13 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.

2.95 out of 5 stars

Finance Sector

91st out of 932 stocks

Real Estate Investment Trusts Industry

11th out of 197 stocks

EQIX stock logo

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.

Equinix Stock Performance

Equinix stock opened at $712.04 on Wednesday. The stock has a market cap of $64.85 billion, a P/E ratio of 101.29, a price-to-earnings-growth ratio of 3.05 and a beta of 0.48. The stock has a 50 day moving average of $662.67 and a 200-day moving average of $691.41. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.38. Equinix has a 52 week low of $606.12 and a 52 week high of $885.26.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 17th will be paid a dividend of $3.10 per share. This represents a $12.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, August 16th. Equinix's payout ratio is 176.39%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EQIX shares. Jefferies Financial Group raised Equinix from a "hold" rating to a "buy" rating and increased their target price for the company from $750.00 to $790.00 in a report on Thursday, June 30th. The Goldman Sachs Group decreased their target price on Equinix from $875.00 to $765.00 and set a "buy" rating for the company in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Equinix from $785.00 to $750.00 in a research note on Thursday, July 28th. William Blair reissued an "outperform" rating on shares of Equinix in a research report on Thursday, July 28th. Finally, Morgan Stanley dropped their price target on Equinix from $773.00 to $732.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $818.31.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 3,356 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $710.15, for a total transaction of $2,383,263.40. Following the completion of the sale, the insider now directly owns 17,284 shares of the company's stock, valued at $12,274,232.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $658.39, for a total value of $658,390.00. Following the transaction, the chief financial officer now owns 21,120 shares of the company's stock, valued at $13,905,196.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 3,356 shares of the company's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $710.15, for a total transaction of $2,383,263.40. Following the sale, the insider now directly owns 17,284 shares of the company's stock, valued at $12,274,232.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,432 shares of company stock worth $3,093,029. 0.32% of the stock is owned by company insiders.

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EQIX Stock News Headlines

Equinix (NASDAQ:EQIX) Rating Increased to Buy at StockNews.com
Equinix, Inc. (NASDAQ:EQIX) Insider Sells $2,383,263.40 in Stock
Equinix (NASDAQ:EQIX) Stock Rating Lowered by StockNews.com
Equinix (NASDAQ:EQIX) Rating Lowered to Hold at StockNews.com
Equinix (NASDAQ:EQIX) Price Target Cut to $750.00
Equinix (NASDAQ:EQIX) Price Target Cut to $716.00
See More Headlines
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EQIX Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/15 Dividend
5/17/2022
Dividend Payable
6/15/2022
Ex-Dividend for 9/21 Dividend
8/16/2022
Today
8/17/2022
Dividend Payable
9/21/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Internet Software & Services
Sector
Finance
Current Symbol
NASDAQ:EQIX
CUSIP
29444U50
Employees
10,944
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$818.31
High Stock Price Forecast
$950.00
Low Stock Price Forecast
$716.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$500.19 million
Pretax Margin
11.19%

Debt

Sales & Book Value

Annual Sales
$6.64 billion
Cash Flow
$23.87 per share
Book Value
$116.71 per share

Miscellaneous

Free Float
90,784,000
Market Cap
$64.38 billion
Optionable
Optionable
Beta
0.48

Social Links















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 5 hold ratings, 11 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 brokerages have issued 12 month price objectives for Equinix's shares. Their EQIX share price forecasts range from $716.00 to $950.00. On average, they expect the company's share price to reach $818.31 in the next year. This suggests a possible upside of 14.9% 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 at the start of the year. Since then, EQIX stock has decreased by 15.8% and is now trading at $712.04.
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) announced its earnings results on Wednesday, April, 27th. The financial services provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $6.98 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, July 27th. Stockholders 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 yield of 1.74%. The ex-dividend date of this dividend 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 1.73%. 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?

281 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.

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 institutional and retail 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 $712.04.

How much money does Equinix make?

Equinix (NASDAQ:EQIX) has a market capitalization of $64.85 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
When was Equinix founded?

Equinix was founded in 1998.

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 8/17/2022 by MarketBeat.com Staff

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