Cantor Fitzgerald reiterated their overweight rating on shares of Equinix (NASDAQ:EQIX – Free Report) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $1,211.00 target price on the financial services provider’s stock.
EQIX has been the topic of a number of other reports. BTIG Research boosted their target price on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. The Goldman Sachs Group raised their price target on shares of Equinix from $1,015.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn initiated coverage on shares of Equinix in a report on Monday, September 21st. They issued a “buy” rating and a $1,261.00 price target on the stock. Canadian Imperial Bank of Commerce started coverage on Equinix in a research note on Tuesday, October 20th. They issued an “outperform” rating and a $1,200.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $1,340.00 price objective (up from $1,300.00) on shares of Equinix in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,226.97.
View Our Latest Analysis on Equinix
Equinix Trading Down 2.2%
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.82. Equinix had a net margin of 16.38% and a return on equity of 11.49%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned $9.83 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Equinix will post 38.23 EPS for the current year.
Equinix Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, November 18th. Equinix’s payout ratio is currently 123.96%.
Insider Buying and Selling at Equinix
In other news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were 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 approximately $2,535,774.50. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,770 shares of company stock valued at $4,884,197 over the last three months. 0.27% of the stock is currently owned by insiders.
Institutional Trading of Equinix
A number of institutional investors have recently modified their holdings of EQIX. BlackRock Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $11,930,074,000. Principal Financial Group Inc. boosted its stake in Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after buying an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equinix by 26,831.6% in 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 worth $1,291,648,000 after buying an additional 1,234,521 shares in the last quarter. Legal & General Group Plc bought a new position in Equinix during the second quarter valued at approximately $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new position in Equinix during the second quarter valued at approximately $1,163,662,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
More Equinix News
Here are the key news stories impacting Equinix this week:
- Positive Sentiment: Equinix reported third-quarter 2026 FFO of $11.64 per share, well above the $10.51 consensus estimate and up from $9.83 a year earlier. Record bookings, strong pricing and robust demand supported revenue growth. Equinix Surpasses Q3 FFO and Revenue Estimates
- Positive Sentiment: Management raised its 2026 outlook for the third consecutive quarter, now projecting EPS of $43.71–$44.11 versus a $38.23 consensus estimate and revenue of $10.3–$10.4 billion. Fourth-quarter revenue guidance of $2.7 billion also exceeded the $2.6 billion consensus. Equinix Q3 AFFO, Revenue Rise; Issues Q4 Guidance; Lifts 2026 Outlook
- Positive Sentiment: Analysts raised their targets following the results: JPMorgan to $1,350 with an Overweight rating, Citigroup to $1,320 with a Buy rating, and TD Cowen to $1,210 with a Buy rating. Bernstein maintained its Buy rating and $1,270 target, while Cantor Fitzgerald reaffirmed Overweight.
- Positive Sentiment: Equinix declared a quarterly dividend of $5.16 per share, or $20.64 annualized, representing an approximately 2% yield for income-oriented investors.
- Neutral Sentiment: Barclays maintained a Hold rating, providing a more cautious counterpoint to the recent target increases. Equinix’s elevated valuation—about 61 times earnings—may also limit near-term upside even as fundamentals improve. Barclays Sticks to Its Hold Rating for Equinix
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.
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