Equinix (NASDAQ:EQIX) Rating Increased to Strong-Buy at Sanford C. Bernstein

Equinix (NASDAQ:EQIX) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $950.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Guggenheim increased their target price on shares of Equinix from $933.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Stifel Nicolaus set a $1,075.00 target price on Equinix in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,006.91.

Equinix Trading Down 1.7%

EQIX opened at $953.00 on Wednesday. Equinix has a 52 week low of $701.41 and a 52 week high of $992.90. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $848.61 and a 200-day simple moving average of $806.07. The firm has a market cap of $93.63 billion, a P/E ratio of 69.31, a P/E/G ratio of 2.49 and a beta of 1.04.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $7.92 EPS. Equinix’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Equinix will post 33.1 earnings per share for the current year.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 1,333 shares of Equinix stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the completion of the sale, the insider directly owned 9,551 shares of the company’s stock, valued at $7,681,391.75. The trade was a 12.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles J. Meyers sold 2,716 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $965.15, for a total value of $2,621,347.40. Following the transaction, the chairman directly owned 12,594 shares of the company’s stock, valued at approximately $12,155,099.10. This represents a 17.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,602 shares of company stock valued at $11,369,645 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Equinix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQIX. Quent Capital LLC grew its position in shares of Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after buying an additional 12 shares during the last quarter. Flputnam Investment Management Co. boosted its stake in Equinix by 1.0% in the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock valued at $1,014,000 after acquiring an additional 13 shares in the last quarter. Paragon Private Wealth Management LLC grew its holdings in shares of Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 13 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Equinix by 2.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Key Headlines Impacting Equinix

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Moody’s upgraded Equinix’s senior unsecured rating to Baa1 with a stable outlook — a credit-quality improvement that should lower perceived funding risk and help borrowing costs over time. Moody’s Upgrade
• Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” and $1,128 price target (roughly ~18% above the recent quote), adding positive analyst momentum; other firms (JPMorgan, Truist) have also raised targets recently, supporting buy-side interest. Bernstein Coverage
• Positive Sentiment: Equinix raised its quarterly dividend to $5.16 (annualized $20.64), which is supportive for income-focused holders despite a high payout ratio; the raise can buoy demand from yield-seeking investors. Dividend Announcement
• Neutral Sentiment: Equinix closed an underwritten offering of $1.5B in senior notes: $700M 4.400% due 2031 and $800M 4.700% due 2033. This boosts liquidity/capital for growth but adds long-term debt — impact depends on how proceeds are deployed. Debt Offering
• Neutral Sentiment: Short-interest data reported for March appears erroneous (zeros/NaN and a 0.0-day ratio). Treat today’s short-interest readings with caution until corrected data are posted.
• Negative Sentiment: Insider selling: Chairman Charles Meyers sold 2,716 shares (~$2.6M). Multiple executive sales were reported, which can spook investors despite being potentially routine tax/planned sales. Insider Sale Filing Analysis of Insider Sales

About Equinix

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.