Equinix’s (EQIX) “Buy” Rating Reaffirmed at Guggenheim

Equinix (NASDAQ:EQIX)‘s stock had its “buy” rating restated by Guggenheim in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $1,235.00 target price on the financial services provider’s stock. Guggenheim’s target price would indicate a potential upside of 25.48% from the company’s previous close.

EQIX has been the subject of several other research reports. Mizuho raised their price target on shares of Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Evercore reissued an “outperform” rating and issued a $1,270.00 price target (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. BTIG Research raised their price target on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. Finally, Stifel Nicolaus raised their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research 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 given a Hold rating to the company. Based on data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.55.

Equinix Trading Up 0.9%

Shares of NASDAQ:EQIX traded up $8.54 during mid-day trading on Tuesday, reaching $984.25. 270,331 shares of the company were exchanged, compared to its average volume of 584,759. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $97.12 billion, a price-to-earnings ratio of 63.37, a P/E/G ratio of 1.41 and a beta of 0.98. The firm’s 50-day simple moving average is $1,037.09 and its 200 day simple moving average is $1,050.07. Equinix has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate 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 $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted $9.91 EPS. The firm’s 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. Equities research analysts forecast that Equinix will post 38.23 EPS for the current year.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Paladin sold 307 shares of the business’s 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 transaction, the insider owned 2,450 shares in the company, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,770 shares of company stock worth $4,884,197. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC grew its holdings in Equinix by 6.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,200 shares of the financial services provider’s stock valued at $1,214,000 after purchasing an additional 75 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Equinix by 4.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,338 shares of the financial services provider’s stock valued at $52,944,000 after purchasing an additional 2,451 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in Equinix by 3.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 377 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 14 shares in the last quarter. Maia Wealth LLC grew its holdings in Equinix by 32.7% during the 3rd quarter. Maia Wealth LLC now owns 815 shares of the financial services provider’s stock valued at $825,000 after purchasing an additional 201 shares in the last quarter. Finally, Sterling Investment Counsel LLC grew its holdings in Equinix by 1.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 929 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 16 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.