Equinix (NASDAQ:EQIX) Earns Daily News Sentiment Rating of 0.22
News coverage about Equinix (NASDAQ:EQIX) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.3758601619891 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Taking a Look Under the Hood at Equinix Inc (EQIX) Shares – Sheridan Daily (sheridandaily.com)
- ETFs with exposure to Equinix, Inc. : July 24, 2017 (finance.yahoo.com)
- Are American Electric Power Company, Inc. (NYSE:AEP) or Equinix, Inc. (NASDAQ:EQIX) Ready to Rumble? – FLBC News (flbcnews.com)
- Equinix, Inc. (NASDAQ:EQIX) Receives “Buy” Rating from Cowen and Company (americanbankingnews.com)
- Opinion Signals in Focus: Equinix Inc (EQIX) – Wall Street Review (thewallstreetreview.com)
EQIX has been the subject of several research reports. Canaccord Genuity reiterated a “buy” rating and issued a $465.00 price target on shares of Equinix in a research note on Thursday, April 27th. Citigroup Inc. increased their price target on shares of Equinix from $435.00 to $462.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $465.00 price target (up from $435.00) on shares of Equinix in a research note on Tuesday, April 25th. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $451.00 price target for the company in a research note on Wednesday, April 5th. Finally, Nomura initiated coverage on shares of Equinix in a research note on Thursday, May 25th. They issued a “buy” rating and a $490.00 price target for the company. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $456.50.
Shares of Equinix (NASDAQ:EQIX) opened at 441.60 on Tuesday. The company has a market capitalization of $34.41 billion, a P/E ratio of 159.08 and a beta of 0.59. Equinix has a 52 week low of $314.55 and a 52 week high of $447.26.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.94. Equinix had a net margin of 5.38% and a return on equity of 5.88%. The firm had revenue of $949.53 million for the quarter, compared to the consensus estimate of $946.89 million. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts predict that Equinix will post $4.50 EPS for the current year.
In other news, insider Yau Tat Lee sold 5,875 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the transaction, the insider now owns 5,485 shares in the company, valued at $2,406,269.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Charles J. Meyers sold 154 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $426.66, for a total transaction of $65,705.64. Following the transaction, the chief operating officer now owns 183 shares in the company, valued at approximately $78,078.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,853 shares of company stock worth $7,787,982. Corporate insiders own 0.58% of the company’s stock.
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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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