Headlines about Equinix (NASDAQ:EQIX) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.1139006403267 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- $4.94 Earnings Per Share Expected for Equinix, Inc. (EQIX) This Quarter (americanbankingnews.com)
- Stock Move to Focus Equinix, Inc. (REIT) (EQIX) stock traded 618796 shares actively – Nasdaq Chronicle (nasdaqchronicle.com)
- Traders Technical Secrets on Equinix, Inc. (REIT) (EQIX) – Wall Street Morning (wallstreetmorning.com)
- Equinix (EQIX) Upgraded by BidaskClub to “Sell” (americanbankingnews.com)
- Equinix, Inc. (EQIX) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Equinix from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Credit Suisse Group restated a “buy” rating and set a $519.00 target price on shares of Equinix in a research note on Sunday, February 25th. Zacks Investment Research downgraded Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Barclays reaffirmed a “buy” rating and issued a $500.00 price target on shares of Equinix in a report on Friday, February 16th. Finally, Guggenheim set a $515.00 price target on Equinix and gave the company a “buy” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $499.00.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Equinix had a net margin of 5.33% and a return on equity of 6.54%. Equinix’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 earnings per share. equities research analysts expect that Equinix will post 18.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th were issued a $2.28 dividend. This is an increase from Equinix’s previous quarterly dividend of $2.00. This represents a $9.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, February 23rd. Equinix’s dividend payout ratio is presently 305.02%.
In other news, CEO Stephen M. Smith sold 10,706 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $443.10, for a total value of $4,743,828.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Earl Campbell sold 464 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $402.05, for a total value of $186,551.20. The disclosure for this sale can be found here. Insiders sold 37,499 shares of company stock valued at $15,869,591 over the last three months. Corporate insiders own 0.58% of the company’s stock.
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Equinix Company Profile
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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