Equinix (EQIX) Expected to Announce Earnings on Wednesday

Equinix (NASDAQ:EQIX) is expected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.75 per share and revenue of $2.27 billion for the quarter. Investors that are interested in participating in the company’s earnings conference call can do so using this link.

Equinix Stock Up 1.1 %

Equinix stock opened at $943.14 on Tuesday. Equinix has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a market cap of $91.00 billion, a price-to-earnings ratio of 85.04, a PEG ratio of 2.23 and a beta of 0.72. The company’s 50-day moving average price is $938.36 and its two-hundred day moving average price is $892.05. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Analysts Set New Price Targets

A number of research analysts recently commented on EQIX shares. Truist Financial raised their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, November 29th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 6th. BMO Capital Markets raised their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price target on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $996.06.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now directly owns 17,794 shares in the company, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the sale, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. The trade was a 7.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,801 shares of company stock valued at $15,530,564. Corporate insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.