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Equinix (EQIX)
NASDAQ:EQIX
Equinix (EQIX) Stock Price & Analysis
2,134 Followers
EQIX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$662.83 - $914.93
Previous Close$799.5
Volume543.38K
Average Volume (3M)731.98K
Market Cap
$75.88B
Enterprise Value$91.26B
Total Cash (Recent Filing)$2.10B
Total Debt (Recent Filing)$17.46B
Price to Earnings (P/E)80.2
Beta1.08
Next Earnings
Jul 31, 2024EPS Estimate
$2.78Next Dividend Ex-Date
May 21, 2024Dividend Yield1.89%
Share Statistics
EPS (TTM)9.97
Shares Outstanding94,905,734
10 Day Avg. Volume954,605
30 Day Avg. Volume731,981
Standard Deviation0.07
R-Squared0.23
Alpha0.00482
Financial Highlights & Ratios
Price to Book (P/B)14.85
Price to Sales (P/S)35.95
Price to Cash Flow (P/CF)18.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.15
Enterprise Value/Gross Profit11.15
Enterprise Value/Ebitda31.04
Forecast
1Y Price Target
$902.79Price Target Upside12.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Equinix News
Bulls Say, Bears Say
Bulls Say
Financial StabilityThe independent audit concluded that EQIX's accounting accurately and fairly represented results, suggesting financial stability.
Operational PerformanceThe company's 1Q24 results showed solid pricing, lower churn, and the most interconnection net adds since 3Q22, indicating strong operational performance.
Revenue GrowthInvestment in redeveloping older facilities is projected to increase revenue and be accretive to earnings, enhancing long-term financial performance.
Bears Say
Accounting ConcernsA short seller published a report alleging major accounting manipulation at Equinix.
Executive MovementCEO Charles Meyers stepped back, replaced by Adaire Fox-Martin, introducing executive changes at a critical time.
Legal And Regulatory RisksEquinix is under investigation by the Audit Committee and has received a subpoena from the U.S. Attorney’s Office.
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Ownership Overview
14.08% Insiders
28.43% Mutual Funds
47.27% Other Institutional Investors
10.22% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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EQIX FAQ
What was Equinix’s price range in the past 12 months?
Equinix lowest stock price was $662.83 and its highest was $914.93 in the past 12 months.
What is Equinix’s market cap?
Currently, no data Available
When is Equinix’s upcoming earnings report date?
Equinix’s upcoming earnings report date is Jul 31, 2024 which is in 74 days.
How were Equinix’s earnings last quarter?
Equinix released its earnings results on May 08, 2024. The company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.65 by -$0.22.
Is Equinix overvalued?
According to Wall Street analysts Equinix’s price is currently Undervalued.
Does Equinix pay dividends?
Equinix pays a Quarterly dividend of $4.26 which represents an annual dividend yield of 1.89%. See more information on Equinix dividends here
What is Equinix’s EPS estimate?
Equinix’s EPS estimate is $2.78.
How many shares outstanding does Equinix have?
Equinix has 94,905,730 shares outstanding.
What happened to Equinix’s price movement after its last earnings report?
Equinix reported an EPS of $2.43 in its last earnings report, missing expectations of $2.65. Following the earnings report the stock price went up 11.508%.
Which hedge fund is a major shareholder of Equinix?
Among the largest hedge funds holding Equinix’s share is Coatue Management, LLC. It holds Equinix’s shares valued at 340M.
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Equinix Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$902.79 (12.87% Upside)
$902.79 (12.87% Upside)
Blogger Sentiment
Bullish
EQIX Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 138.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
13.84%
12-Months-Change
Fundamentals
Return on Equity
7.74%
Trailing 12-Months
Asset Growth
2.12%
Trailing 12-Months
Company Description
Equinix
Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.
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EQIX Company Deck
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EQIX Earnings Call
Q1 2024
0:00 / 0:00
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EQIX Revenue Breakdown
70.42% Colocation
17.03% Interconnection
5.52% Managed infrastructure
5.42% Non-recurring revenues
1.62% Other
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EQIX Stock 12 Month Forecast
Average Price Target
$902.79
▲(12.87% Upside)
Technical Analysis
Best Analysts Covering EQIX
1 Year
1 Year Success Rate
25/29 ratings generated profit
1 Year Average Return
+15.33%
assigned a buy rating 9 days ago
Copying Timothy Horan's trades and holding each position for 1 Year would result in 86.21% of your transactions generating a profit, with an average return of +15.33% per trade.
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