Latest news with #Equinix
Business Insider
14 hours ago
- Business
- Business Insider
Evercore ISI Keeps Their Buy Rating on Equinix (EQIX)
Evercore ISI analyst Irvin Liu reiterated a Buy rating on Equinix today and set a price target of $1,035.00. The company's shares closed today at $789.19. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Liu is a 2-star analyst with an average return of 1.8% and a 50.00% success rate. In addition to Evercore ISI, Equinix also received a Buy from Bank of America Securities's Michael Funk in a report issued on July 17. However, on July 11, Barclays maintained a Hold rating on Equinix (NASDAQ: EQIX). Based on Equinix's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.23 billion and a net profit of $343 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $231 million Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year. Most recently, in May 2025, Raouf Abdel, the EVP, Global Operations of EQIX sold 1,316.00 shares for a total of $1,144,920.00.
Yahoo
19 hours ago
- Business
- Yahoo
Equinix (EQIX) Rises Higher Than Market: Key Facts
Equinix (EQIX) closed at $789.19 in the latest trading session, marking a +1.47% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.14% for the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%. Shares of the data center operator have depreciated by 11.9% over the course of the past month, underperforming the Finance sector's gain of 4.07%, and the S&P 500's gain of 5.35%. Market participants will be closely following the financial results of Equinix in its upcoming release. The company plans to announce its earnings on July 30, 2025. The company's earnings per share (EPS) are projected to be $9.19, reflecting a 0.33% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.26 billion, reflecting a 4.46% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $37.75 per share and a revenue of $9.2 billion, representing changes of +7.8% and +5.21%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Equinix. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% lower. Equinix presently features a Zacks Rank of #3 (Hold). From a valuation perspective, Equinix is currently exchanging hands at a Forward P/E ratio of 20.6. This represents a premium compared to its industry average Forward P/E of 13.23. Meanwhile, EQIX's PEG ratio is currently 1.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the REIT and Equity Trust - Retail industry stood at 2.91 at the close of the market yesterday. The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Equinix, Inc. (EQIX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
20 hours ago
- Business
- Yahoo
Activist Elliott grows stake in Equinix, holds talks with company
NEW YORK (Reuters) -Activist investor Elliott Investment Management has a large investment in data center operator Equinix and has increased its stake in the last weeks, a person familiar with the matter said on Monday, after the company's stock price tumbled last month. The hedge fund, which has made a string of profitable technology investments including bets on Salesforce, Texas Instruments and Hewlett Packard Enterprise, has been holding discussions with Equinix, said the person, who was not permitted to discuss the private talks publicly. Neither Elliott's exact demands for the company nor the exact size of the stake could be learned. Equinix's stock price climbed 1.5% on Monday to close trading at $789.19. Elliott swooped in after Equinix investors were caught off guard at the company's analyst day last month by news of a higher than expected capital expenditure plan that sparked a sharp sell-off. The stock price tumbled 18% in the two trading sessions following the June 25 analysts day, the first for Equinix's new chief executive officer, Adaire Fox-Martin. Demand for data centers is growing as AI adoption grows and analysts have said Equinix is positioned to capture some of the demand. Bloomberg first reported the news of Elliott's investment in Equinix. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
20 hours ago
- Business
- CNA
Activist Elliott grows stake in Equinix, holds talks with company
NEW YORK :Activist investor Elliott Investment Management has a large investment in data center operator Equinix and has increased its stake in the last weeks, a person familiar with the matter said on Monday, after the company's stock price tumbled last month. The hedge fund, which has made a string of profitable technology investments including bets on Salesforce, Texas Instruments and Hewlett Packard Enterprise, has been holding discussions with Equinix, said the person, who was not permitted to discuss the private talks publicly. Neither Elliott's exact demands for the company nor the exact size of the stake could be learned. Equinix's stock price climbed 1.5 per cent on Monday to close trading at $789.19. Elliott swooped in after Equinix investors were caught off guard at the company's analyst day last month by news of a higher than expected capital expenditure plan that sparked a sharp sell-off. The stock price tumbled 18 per cent in the two trading sessions following the June 25 analysts day, the first for Equinix's new chief executive officer, Adaire Fox-Martin.
Reuters
20 hours ago
- Business
- Reuters
Activist Elliott grows stake in Equinix, holds talks with company
NEW YORK, July 21 (Reuters) - Activist investor Elliott Investment Management has a large investment in data center operator Equinix (EQIX.O), opens new tab and has increased its stake in the last weeks, a person familiar with the matter said on Monday, after the company's stock price tumbled last month. The hedge fund, which has made a string of profitable technology investments including bets on Salesforce (CRM.N), opens new tab, Texas Instruments (TXN.O), opens new tab and Hewlett Packard Enterprise (HPE.N), opens new tab, has been holding discussions with Equinix, said the person, who was not permitted to discuss the private talks publicly. Neither Elliott's exact demands for the company nor the exact size of the stake could be learned. Equinix's stock price climbed 1.5% on Monday to close trading at $789.19. Elliott swooped in after Equinix investors were caught off guard at the company's analyst day last month by news of a higher than expected capital expenditure plan that sparked a sharp sell-off. The stock price tumbled 18% in the two trading sessions following the June 25 analysts day, the first for Equinix's new chief executive officer, Adaire Fox-Martin. Demand for data centers is growing as AI adoption grows and analysts have said Equinix is positioned to capture some of the demand. Bloomberg first reported the news of Elliott's investment in Equinix.
