Equinix (EQIX) Receiving Somewhat Positive Media Coverage, Analysis Finds

News articles about Equinix (NASDAQ:EQIX) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equinix earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.7040066864309 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

NASDAQ:EQIX traded down $3.83 on Thursday, reaching $381.93. The company’s stock had a trading volume of 425,602 shares, compared to its average volume of 675,889. Equinix has a 12-month low of $386.59 and a 12-month high of $388.90. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $30.86 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.10 and a beta of 0.51.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $3.70 by ($2.91). Equinix had a net margin of 5.48% and a return on equity of 7.00%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. Equinix’s revenue for the quarter was up 28.1% compared to the same quarter last year. sell-side analysts anticipate that Equinix will post 18.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Wednesday, May 23rd will be given a $2.28 dividend. The ex-dividend date of this dividend is Tuesday, May 22nd. This represents a $9.12 dividend on an annualized basis and a yield of 2.39%. Equinix’s dividend payout ratio is currently 49.22%.

A number of equities analysts have weighed in on the company. BidaskClub raised Equinix from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Barclays reissued a “buy” rating and set a $500.00 price objective on shares of Equinix in a research note on Friday, February 16th. Credit Suisse Group set a $525.00 price objective on Equinix and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Wells Fargo lowered their price objective on Equinix from $510.00 to $485.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Moffett Nathanson assumed coverage on Equinix in a research note on Monday, April 9th. They set a “buy” rating and a $515.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $502.95.

In other Equinix news, insider Karl Strohmeyer sold 2,717 shares of Equinix stock in a transaction on Friday, March 16th. The stock was sold at an average price of $420.00, for a total value of $1,141,140.00. Following the sale, the insider now owns 5,316 shares in the company, valued at $2,232,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles J. Meyers sold 400 shares of Equinix stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $394.47, for a total value of $157,788.00. Following the completion of the sale, the insider now owns 4,516 shares in the company, valued at approximately $1,781,426.52. The disclosure for this sale can be found here. Insiders sold 26,446 shares of company stock worth $10,597,051 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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