Key Points
- Equinix insider Brandi Galvin Morandi sold 3,726 shares on June 8 for about $4.01 million, reducing her position by 37.8%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Equinix reported strong quarterly earnings on April 29, posting $10.79 EPS versus the $4.30 consensus estimate, though revenue of $2.44 billion came in slightly below expectations. The company also raised its FY2026 guidance to 42.31-43.11 EPS.
- The company declared a quarterly dividend of $5.16 per share, payable June 17, for an annualized yield of about 1.9%. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $1,143.60.
Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Brandi Galvin Morandi sold 3,726 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company's stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brandi Galvin Morandi also recently made the following trade(s):
- On Wednesday, April 8th, Brandi Galvin Morandi sold 424 shares of Equinix stock. The shares were sold at an average price of $1,020.00, for a total transaction of $432,480.00.
- On Thursday, March 12th, Brandi Galvin Morandi sold 630 shares of Equinix stock. The shares were sold at an average price of $961.19, for a total transaction of $605,549.70.
Equinix Trading Down 1.7%
Shares of NASDAQ EQIX opened at $1,062.74 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The firm has a 50 day moving average price of $1,060.35 and a two-hundred day moving average price of $916.55. The stock has a market cap of $104.81 billion, a P/E ratio of 73.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.
Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the company posted $9.67 EPS. The company's revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts forecast that Equinix, Inc. will post 37.72 EPS for the current year.
Equinix Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix's dividend payout ratio is 142.84%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Avion Wealth lifted its position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Ameriflex Group Inc. grew its position in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider's stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Equinix in the 4th quarter worth about $30,000. Finally, Bogart Wealth LLC grew its position in Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider's stock worth $39,000 after purchasing an additional 28 shares in the last quarter. 94.94% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on EQIX. Sanford C. Bernstein began coverage on shares of Equinix in a research report on Thursday, March 5th. They set an "outperform" rating and a $1,128.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Equinix from $950.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Citigroup restated a "buy" rating on shares of Equinix in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Equinix from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets raised their price target on shares of Equinix from $925.00 to $1,050.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,143.60.
Get Our Latest Analysis on EQIX
Equinix Company Profile
(
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.
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