Equinix (NASDAQ:EQIX) Director Crosslink Capital Inc purchased 20,000 shares of Equinix stock on the open market in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $176.58 per share, with a total value of $3,531,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on EQIX. Analysts at Zacks reiterated a “neutral” rating on shares of Equinix (NASDAQ:EQIX) in a research note to investors on Tuesday, July 30th. They now have a $189.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Equinix (NASDAQ:EQIX) from $250.00 to $240.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest cut their price target on shares of Equinix (NASDAQ:EQIX) from $240.00 to $224.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Equinix presently has an average rating of “Buy” and a consensus price target of $231.41.
Shares of Equinix (NASDAQ:EQIX) traded up 2.60% on Monday, hitting $177.26. 618,340 shares of the company’s stock traded hands. Equinix has a 52 week low of $163.73 and a 52 week high of $231.56. The stock has a 50-day moving average of $177.1 and a 200-day moving average of $199.9. The company has a market cap of $8.753 billion and a P/E ratio of 104.33.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $1.27. The company had revenue of $525.70 million for the quarter, compared to the consensus estimate of $533.50 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts expect that Equinix will post $1.51 EPS 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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