FBN Securities initiated coverage on shares of Equinix (NASDAQ: EQIX) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on EQIX. Analysts at TheStreet reiterated a “buy” rating on shares of Equinix in a research note to investors on Tuesday.
Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $223.35.
Shares of Equinix (NASDAQ: EQIX) opened at 206.97 on Wednesday. Equinix has a one year low of $141.78 and a one year high of $231.26. The stock’s 50-day moving average is currently $215.3. The company has a market cap of $10.101 billion and a P/E ratio of 70.81.
Equinix (NASDAQ: EQIX) last announced its earnings results on Wednesday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.25. The company had revenue of $506.50 million for the quarter, compared to the consensus estimate of $504.57 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts predict that Equinix will post $3.69 earnings per share for the current fiscal year.
Equinix, Inc. (NASDAQ: EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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