Media headlines about Equinix (NASDAQ:EQIX) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Equinix earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.7504602654652 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Equinix, Inc. (REIT) (NASDAQ:EQIX) Growth Estimates in Focus – Saline News (salinenews.com)
- Equinix (EQIX) Enhances Cloud Security with Smartkey Launch (finance.yahoo.com)
- Fortanix Selected to Power Equinix SmartKey to Secure Data Across Enterprise and Cloud Environments (bizjournals.com)
- Equinix Enhances Its Global Platform with New Cloud Security Service to Manage Encryption Keys (finance.yahoo.com)
- COLOTRAQ to Host Two Back to Back Partner Appreciation Events in Vegas on the Heels of Another Record Setting Year (prweb.com)
A number of analysts have commented on the company. Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a report on Monday, December 18th. Bank of America reissued a “buy” rating and set a $520.00 price objective (up from $450.21) on shares of Equinix in a report on Wednesday, December 13th. Oppenheimer boosted their price objective on Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. UBS Group raised Equinix from a “neutral” rating to a “buy” rating and set a $510.00 price objective for the company in a report on Monday, January 29th. Finally, BidaskClub lowered Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. Equinix currently has a consensus rating of “Buy” and a consensus target price of $499.00.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.87 by ($3.05). The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equinix had a net margin of 5.33% and a return on equity of 6.54%. The business’s revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.08 earnings per share. equities research analysts anticipate that Equinix will post 18.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be issued a $2.28 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This is a positive change from Equinix’s previous quarterly dividend of $2.00. This represents a $9.12 annualized dividend and a dividend yield of 2.20%. Equinix’s dividend payout ratio is currently 304.00%.
In related news, Director Camp Peter Van sold 1,593 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total value of $703,389.15. Following the transaction, the director now owns 5,871 shares in the company, valued at $2,592,340.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the transaction, the insider now owns 925 shares in the company, valued at approximately $427,747.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,482 shares of company stock valued at $15,507,697. 0.58% of the stock is currently owned by corporate insiders.
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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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