Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 1,593 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total value of $703,389.15. Following the completion of the sale, the director now directly owns 5,871 shares in the company, valued at $2,592,340.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Equinix, Inc. (EQIX) traded down $4.45 during mid-day trading on Friday, reaching $437.45. The company’s stock had a trading volume of 807,300 shares, compared to its average volume of 618,467. Equinix, Inc. has a 52 week low of $361.90 and a 52 week 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. The company has a market capitalization of $34,220.00, a P/E ratio of 142.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.46.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $3.95 earnings per share. Equinix’s revenue was up 24.6% on a year-over-year basis. sell-side analysts anticipate that Equinix, Inc. will post 16.05 EPS for the current year.
A number of equities research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a $550.00 target price on shares of Equinix in a research note on Friday, November 3rd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a research note on Monday, November 6th. Cowen reaffirmed a “buy” rating and set a $482.00 price target on shares of Equinix in a report on Friday, November 10th. Oppenheimer upped their price target on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their price target on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $504.00.
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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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