News articles about Equinix (NASDAQ:EQIX) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.7504602654652 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Digital Bridge’s DataBank announces Kansas data centre months after $410m expansion credit facility (data-economy.com)
- Global Data Center Construction Market Status 2018-2022: AECOM, Fluor, Equinix, Aceco (cherrygrrl.com)
- Equinix Pitches Single System for All Your Cloud Encryption Keys (datacenterknowledge.com)
- Equinix (EQIX) Coverage Initiated at Deutsche Bank (americanbankingnews.com)
- Equinix promotes Brendan Rawle to director of interconnection in EMEA (capacitymedia.com)
Several analysts recently weighed in on the company. BidaskClub upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Oppenheimer upped their price target on Equinix to $525.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Barclays restated a “buy” rating and issued a $517.00 price target on shares of Equinix in a research note on Friday, January 19th. Credit Suisse Group cut their price target on Equinix from $524.00 to $519.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, UBS upgraded Equinix from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Equinix currently has an average rating of “Buy” and a consensus target price of $499.00.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $3.87 by ($3.05). The firm had revenue of $1.20 billion for 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%. Equinix’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.08 earnings per share. analysts forecast that Equinix will post 18.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th were issued a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a dividend yield of 2.21%. This is a boost from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date was Friday, February 23rd. Equinix’s dividend payout ratio is presently 49.22%.
In related news, insider Michael Earl Campbell sold 464 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $402.05, for a total value of $186,551.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $411.74, for a total value of $617,610.00. Following the completion of the transaction, the chief financial officer now directly owns 29,341 shares in the company, valued at $12,080,863.34. The disclosure for this sale can be found here. Insiders have sold a total of 38,999 shares of company stock worth $16,487,201 over the last three months. 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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