Equinix (NASDAQ:EQIX) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage on shares of Equinix (NASDAQ:EQIX) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $1,261.00 price target on the financial services provider’s stock.

A number of other research firms have also recently weighed in on EQIX. Stifel Nicolaus increased their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Cantor Fitzgerald increased their price target on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Evercore restated an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Tuesday, August 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,340.00 price objective on shares of Equinix in a report on Thursday, July 30th. Finally, HSBC reiterated a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.96.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,037.66 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix has a twelve month low of $720.62 and a twelve month high of $1,128.68. The business has a 50 day simple moving average of $1,044.90 and a 200-day simple moving average of $1,043.91. The company has a market capitalization of $102.39 billion, a price-to-earnings ratio of 66.82, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s payout ratio is presently 132.90%.

Insiders Place Their Bets

In other news, insider Michael Paladin sold 307 shares of Equinix stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Paisley sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,770 shares of company stock valued at $4,884,197 in the last three months. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its position in Equinix by 16.3% in the second quarter. QRG Capital Management Inc. now owns 1,133 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 159 shares in the last quarter. Andra AP fonden lifted its position in Equinix by 102.7% during the 2nd quarter. Andra AP fonden now owns 16,975 shares of the financial services provider’s stock valued at $17,695,000 after purchasing an additional 8,600 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Equinix by 18.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,240 shares of the financial services provider’s stock valued at $2,335,000 after acquiring an additional 355 shares during the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Equinix during the 2nd quarter worth about $262,000. Finally, Engineers Gate Manager LP boosted its position in shares of Equinix by 116.2% during the second quarter. Engineers Gate Manager LP now owns 26,947 shares of the financial services provider’s stock worth $28,089,000 after purchasing an additional 14,482 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

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.