Equinix (NASDAQ:EQIX) Upgraded by Rothschild & Co Redburn to Strong-Buy Rating

Equinix (NASDAQ:EQIX) was upgraded by equities researchers at Rothschild & Co Redburn to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other analysts also recently commented on EQIX. Stifel Nicolaus boosted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. HSBC reaffirmed a “buy” rating and set a $1,400.00 target price on shares of Equinix in a report on Friday, August 14th. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,206.96.

Equinix Trading Up 3.5%

Shares of NASDAQ:EQIX opened at $1,057.32 on Monday. The company has a 50 day moving average of $1,043.89 and a 200-day moving average of $1,042.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $104.33 billion, a P/E ratio of 68.08, a P/E/G ratio of 1.46 and a beta of 0.99. Equinix has a twelve month low of $720.62 and a twelve month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts anticipate that Equinix will post 38.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,770 shares of company stock valued at $4,884,197. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Institutional investors have recently bought and sold shares of the business. Avion Wealth grew its position in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares in the last quarter. Trust Co. of Vermont acquired a new stake in Equinix during the second quarter valued at $34,000. Finally, Bogart Wealth LLC grew its stake in Equinix by 233.3% in the first quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 28 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.