Equinix’s (EQIX) Buy Rating Reiterated at Guggenheim

Equinix (NASDAQ:EQIX)‘s stock had its “buy” rating reaffirmed by stock analysts at Guggenheim in a research report issued on Tuesday, Benzinga reports. They currently have a $1,235.00 price objective on the financial services provider’s stock. Guggenheim’s price target suggests a potential upside of 25.76% from the stock’s current price.

Other analysts have also issued research reports about the company. TD Cowen increased their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 price target (up from $1,207.00) on shares of Equinix in a report on Monday, August 3rd. Citigroup restated a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. The Goldman Sachs Group increased their price target on Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, UBS Group increased their price target on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.55.

Equinix Trading Up 0.7%

NASDAQ:EQIX traded up $6.35 during midday trading on Tuesday, hitting $982.06. 196,741 shares of the company traded hands, compared to its average volume of 584,454. The firm’s fifty day moving average is $1,037.09 and its 200-day moving average is $1,050.07. Equinix has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a market capitalization of $96.90 billion, a P/E ratio of 63.32, a P/E/G ratio of 1.41 and a beta of 0.98. 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 (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the firm posted $9.91 EPS. Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts predict that Equinix will post 38.23 EPS for the current year.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 125 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,770 shares of company stock worth $4,884,197 over the last quarter. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Equinix

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Equinix during the second quarter valued at about $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after purchasing an additional 1,234,521 shares in the last quarter. Legal & General Group Plc acquired a new stake in Equinix in the second quarter worth about $1,181,260,000. Canada Pension Plan Investment Board acquired a new stake in Equinix in the second quarter worth about $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in Equinix in the second quarter worth about $1,118,930,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.