Equinix (EQIX) Getting Somewhat Favorable Press Coverage, Analysis Finds

News headlines about Equinix (NASDAQ:EQIX) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equinix earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.2653285609527 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern’s analysis:

Shares of Equinix (NASDAQ:EQIX) traded up $3.58 during trading on Wednesday, hitting $450.28. 134,316 shares of the company’s stock were exchanged, compared to its average volume of 489,827. The firm has a market capitalization of $34,939.17, a P/E ratio of 148.61, a P/E/G ratio of 1.79 and a beta of 0.46. Equinix has a 1-year low of $351.89 and a 1-year high of $495.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $2.24. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.95 earnings per share. sell-side analysts expect that Equinix will post 16.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th were given a $2.00 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.78%. Equinix’s dividend payout ratio (DPR) is currently 264.03%.

A number of research firms recently issued reports on EQIX. Oppenheimer boosted their target price on shares of Equinix to $525.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. Bank of America restated a “buy” rating and set a $520.00 target price (up from $450.21) on shares of Equinix in a research report on Wednesday, December 13th. Berenberg Bank began coverage on shares of Equinix in a research report on Tuesday, September 26th. They set a “buy” rating and a $550.00 target price for the company. Credit Suisse Group set a $515.00 target price on shares of Equinix and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Citigroup boosted their target price on shares of Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $502.95.

In other news, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $462.43, for a total transaction of $92,486.00. Following the completion of the sale, the insider now owns 925 shares of the company’s stock, valued at $427,747.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $457.84, for a total transaction of $686,760.00. Following the sale, the chief financial officer now directly owns 26,196 shares of the company’s stock, valued at approximately $11,993,576.64. The disclosure for this sale can be found here. Insiders have sold 6,193 shares of company stock valued at $2,892,191 in the last three months. Corporate insiders own 0.58% of the company’s stock.

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About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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