Key Points
- Equinix EVP Raouf Abdel sold 2,040 shares on May 22 at an average price of $1,083.47, totaling about $2.21 million. After the sale, he still held 5,728 shares, and the transaction reduced his position by 26.26%.
- Equinix reported strong quarterly earnings on April 29, posting $10.79 EPS versus a $4.30 consensus estimate. Revenue came in at $2.44 billion, up 9.8% year over year, though slightly below expectations.
- Wall Street remains broadly positive on EQIX, with an average analyst rating of “Moderate Buy” and a consensus price target of $1,143.60. The stock also has a recently declared quarterly dividend of $5.16 per share, payable June 17.
Equinix, Inc. (NASDAQ:EQIX - Get Free Report) EVP Raouf Abdel sold 2,040 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares of the company's stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Raouf Abdel also recently made the following trade(s):
- On Thursday, March 12th, Raouf Abdel sold 584 shares of Equinix stock. The stock was sold at an average price of $965.69, for a total transaction of $563,962.96.
Equinix Stock Performance
Shares of EQIX stock opened at $1,077.63 on Wednesday. The company has a market cap of $106.28 billion, a price-to-earnings ratio of 74.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average of $1,042.14 and a 200-day moving average of $899.61.
Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.
Equinix Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is 142.84%.
Institutional Investors Weigh In On Equinix
A number of hedge funds have recently made changes to their positions in EQIX. Brighton Jones LLC raised its stake in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its stake in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 54 shares during the period. Empowered Funds LLC raised its stake in Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new stake in Equinix in the 2nd quarter valued at about $231,000. Finally, Brown Advisory Inc. raised its stake in Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after acquiring an additional 29 shares during the period. 94.94% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
EQIX has been the subject of several research reports. Scotiabank lifted their price target on shares of Equinix from $1,050.00 to $1,120.00 and gave the company a "sector perform" rating in a research report on Thursday, April 30th. Barclays lifted their price target on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an "equal weight" rating in a research report on Thursday, April 16th. Guggenheim reissued a "buy" rating and issued a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, Evercore reissued an "outperform" rating and issued a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,143.60.
Check Out Our Latest Stock Analysis on Equinix
About Equinix
(
Get Free Report)
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
