NASDAQ:EQIX

Equinix Stock Forecast, Price & News

$667.99

+10.97 (+1.67%)

(As of 07/1/2022 02:38 PM ET)

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Today's Range: $654.72
▼
$669.98
50-Day Range: $616.28
▼
$756.45
52-Week Range: $606.12
▼
$885.26

Volume: 8,815 shs
Average Volume: 494,806 shs
Market Capitalization: $60.80 billion

P/E Ratio: 123.25
Dividend Yield: 1.91%
Price Target: $849.93

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EQIX Stock Forecast (MarketRank)

Overall MarketRank^™

2.92 out of 5 stars

Finance Sector

263rd out of 1,394 stocks

Real Estate Investment Trusts Industry

45th out of 235 stocks

3.4 Analyst's Opinion

Consensus Rating
Equinix has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 9 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $846.60, Equinix has a forecasted upside of 27.9% from its current price of $661.90.
Amount of Analyst Coverage
Equinix has only been the subject of 3 research reports in the past 90 days.

5.0 Community Rank

Outperform Votes
Equinix has received 1,050 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Equinix has received 325 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Equinix has received 76.36% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Equinix pays a meaningful dividend of 1.91%, 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 228.78%. 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 44.02% next year. This indicates that Equinix will be able to sustain or increase its dividend.

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 $742,362.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Equinix is held by insiders.
Percentage Held by Institutions
92.68% of the stock of Equinix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Equinix are expected to grow by 8.93% in the coming year, from $25.86 to $28.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Equinix is 122.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 43.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Equinix is 122.12, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 52.58.
Price to Earnings Growth Ratio
Equinix has a PEG Ratio of 3.25. 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 5.48. 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)

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.

July 1, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Upgraded by Jefferies Financial Group to Buy

June 30, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Upgraded to "Buy" at Jefferies Financial Group

June 30, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Rating Increased to Buy at StockNews.com

June 28, 2022 | bloomberg.com

Equinix, STT Among Bidders for Time Dotcom's Data Centers - Bloomberg

June 28, 2022 | fool.com

3 REITs You'll Want to Own in a Market Correction - The Motley Fool

June 26, 2022 | seekingalpha.com

Equinix Climbs After 30% Drawdown, More Gains On The Way (NASDAQ:EQIX) - Seeking Alpha

June 24, 2022 | finance.yahoo.com

The Latin America Data Center UPS market is expected to grow at a CAGR of 9.75% during 2022-2027 - Yahoo Finance

June 24, 2022 | finance.yahoo.com

The Data Center Generator Market in Latin America is expected to grow at a CAGR of 3.18% during 2022-2027 - Yahoo Finance

June 17, 2022 | americanbankingnews.com

Analysts Set Equinix, Inc. (NASDAQ:EQIX) PT at $854.31

June 16, 2022 | nasdaq.com

Equinix (EQIX) & PGIM Open First xScale Data Center in Sydney - Nasdaq

June 16, 2022 | americanbankingnews.com

Equinix (NASDAQ:EQIX) Lowered to "C+" at TheStreet

June 15, 2022 | finance.yahoo.com

Equinix (EQIX) & PGIM Open First xScale Data Center in Sydney

June 15, 2022 | finance.yahoo.com

Equinix and PGIM Real Estate Open First xScale™ Data Center in Sydney for Hyperscalers - Yahoo Finance

See More Headlines

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

Company Calendar

Last Earnings: 4/27/2022
Ex-Dividend for 6/15 Dividend: 5/17/2022
Dividend Payable: 6/15/2022
Today: 7/01/2022
Next Earnings (Estimated): 7/27/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $846.60
High Stock Price Forecast: $950.00
Low Stock Price Forecast: $714.00
Forecasted Upside/Downside: +27.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.66666666666667
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.42
Trailing P/E Ratio: 123.25
Forward P/E Ratio: 25.83
P/E Growth: 3.25
Net Income: $500.19 million
Net Margins: 7.25%
Pretax Margin: 8.87%
Return on Equity: 4.57%
Return on Assets: 1.76%

Debt

Debt-to-Equity Ratio: 1.25
Current Ratio: 1.91
Quick Ratio: 1.91

Sales & Book Value

Annual Sales: $6.64 billion
Price / Sales: 9.16
Cash Flow: $23.40 per share
Price / Cash Flow: 28.55
Book Value: $120.85 per share
Price / Book: 5.53

Miscellaneous

Outstanding Shares: 91,014,000
Free Float: 90,723,000
Market Cap: $60.80 billion
Optionable: Optionable
Beta: 0.46

Social Links

Equinix 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 twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Equinix stock.
View analyst ratings for Equinix or view top-rated stocks.
What is Equinix's stock price forecast for 2022?: 15 Wall Street research analysts have issued 1-year target prices for Equinix's stock. Their EQIX stock forecasts range from $714.00 to $950.00. On average, they anticipate Equinix's stock price to reach $846.60 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
View analysts' price targets for Equinix or view top-rated stocks among Wall Street analysts.
How has Equinix's stock performed in 2022?: Equinix's stock was trading at $845.84 at the beginning of the year. Since then, EQIX stock has decreased by 21.1% and is now trading at $667.55.
View the best growth stocks for 2022 here.
When is Equinix's next earnings date?: Equinix is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Equinix.
How were Equinix's earnings last quarter?: Equinix, Inc. (NASDAQ:EQIX) issued its quarterly 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 4.57% and a net margin of 7.25%. During the same period in the previous year, the firm posted $6.98 earnings per share.
View Equinix's earnings history.
How often does Equinix pay dividends? What is the dividend yield for Equinix?: Equinix announced a quarterly dividend on Wednesday, April 27th. Shareholders of record on Wednesday, May 18th will be given a dividend of $3.10 per share on Wednesday, June 15th. This represents a $12.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, May 17th.
View Equinix's dividend history.
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 1.91%. Equinix 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 of Equinix is 228.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Equinix will have a dividend payout ratio of 44.02% next year. This indicates that Equinix will be able to sustain or increase its dividend.
View Equinix's dividend history.
What guidance has Equinix issued on next quarter's earnings?: Equinix updated its FY22 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $28.93-$29.26 for the period, compared to the consensus EPS estimate of $19.91. The company issued revenue guidance of $7.291-$7.341 billion, compared to the consensus revenue estimate of $7.24 billion.
Who are Equinix's key executives?: Equinix's management team includes the following people:
Mr. Peter F. Van Camp, Exec. Chairman (Age 66)
Mr. Charles J. Meyers, Pres, CEO & Director (Age 56, Pay $1.1M) (LinkedIn Profile)
Mr. Keith D. Taylor, Chief Financial Officer (Age 60, Pay $689.09k)
Ms. Brandi Galvin Morandi, Chief Legal & HR Officer and Corp. Sec. (Age 49, Pay $625.67k) (LinkedIn Profile)
Mr. Michael Earl Campbell, Chief Sales Officer (Age 56, Pay $534.52k) (LinkedIn Profile)
Mr. Karl Strohmeyer, Chief Customer & Revenue Officer (Age 50, Pay $644.13k) (LinkedIn Profile)
Mr. Raouf F. Abdel, Exec. VP of Global Operations (Age 54)
Mr. Simon Miller, Chief Accounting Officer (Age 50) (LinkedIn Profile)
Mr. Justin Dustzadeh, Chief Technology Officer
Mr. Milind Wagle, Sr. VP & Chief Information Officer

What is Charles Meyers' approval rating as Equinix's CEO?: 281 employees have rated Equinix CEO Charles Meyers on Glassdoor.com. Charles Meyers has an approval rating of 98% among Equinix's employees. This puts Charles Meyers in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of Equinix's key competitors?: Some companies that are related to Equinix include Meta Platforms (META), SEA (SE), Twitter (TWTR), CoStar Group (CSGP), eBay (EBAY), VeriSign (VRSN), Akamai Technologies (AKAM), SPS Commerce (SPSC), Ziff Davis (ZD), Opendoor Technologies (OPEN), Perficient (PRFT), Envestnet (ENV), Angi (ANGI), Yelp (YELP) and TechTarget (TTGT).
View all of EQIX's competitors.
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."
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 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 $667.55.
How much money does Equinix make?: Equinix (NASDAQ:EQIX) has a market capitalization of $60.76 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 $5.42 on an earnings per share basis.
How many employees does Equinix have?: Equinix 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 Equinix is www.equinix.com. The financial services provider can be reached via phone at (650) 598-6000, via email at [email protected], or via fax at 650-598-6900.

This page (NASDAQ:EQIX) was last updated on 7/1/2022 by MarketBeat.com Staff

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Equinix Stock Forecast, Price & News

Receive EQIX Stock News and Ratings via Email

EQIX Stock Forecast (MarketRank)

Overall MarketRank™

3.4 Analyst's Opinion

5.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

2.5 Dividend Strength

2.5 Company Ownership

1.3 Earnings and Valuation

About Equinix (NASDAQ:EQIX)

EQIX Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Equinix Frequently Asked Questions

Should I buy or sell Equinix stock right now?

What is Equinix's stock price forecast for 2022?

How has Equinix's stock performed in 2022?

When is Equinix's next earnings date?

How were Equinix's earnings last quarter?

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

Is Equinix a good dividend stock?

What guidance has Equinix issued on next quarter's earnings?

Who are Equinix's key executives?

What is Charles Meyers' approval rating as Equinix's CEO?

Who are some of Equinix's key competitors?

What other stocks do shareholders of Equinix own?

What is Equinix's stock symbol?

How do I buy shares of Equinix?

What is Equinix's stock price today?

How much money does Equinix make?

How many employees does Equinix have?

Does Equinix have any subsidiaries?

When was Equinix founded?

How can I contact Equinix?

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