News stories about Equinix (NASDAQ:EQIX) have trended somewhat positive on Sunday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equinix earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.9659264256959 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several analysts have recently commented on the company. BidaskClub raised Equinix from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Barclays reissued a “buy” rating and issued a $500.00 price objective on shares of Equinix in a research note on Friday, February 16th. Moffett Nathanson assumed coverage on Equinix in a research note on Monday, April 9th. They issued a “buy” rating and a $515.00 price objective for the company. Wells Fargo lowered their price objective on Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Credit Suisse Group lowered their price objective on Equinix from $524.00 to $519.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $499.67.
Shares of EQIX traded up $0.25 on Friday, reaching $401.45. 345,843 shares of the company’s stock traded hands, compared to its average volume of 579,462. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $31,786.30, a price-to-earnings ratio of 21.66, a PEG ratio of 1.22 and a beta of 0.51. Equinix has a 52-week low of $370.79 and a 52-week high of $495.35.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $3.87 by ($3.05). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equinix had a net margin of 5.33% and a return on equity of 6.54%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 earnings per share. equities research analysts predict that Equinix will post 18.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, February 26th were given a dividend of $2.28 per share. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, February 23rd. Equinix’s dividend payout ratio (DPR) is presently 49.22%.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $411.74, for a total value of $617,610.00. Following the completion of the sale, the chief financial officer now directly owns 29,341 shares of the company’s stock, valued at $12,080,863.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Camp Peter Van sold 1,593 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total value of $703,389.15. Following the completion of the sale, the director now directly owns 5,871 shares of the company’s stock, valued at $2,592,340.05. The disclosure for this sale can be found here. Insiders have sold 38,999 shares of company stock valued at $16,487,201 over the last ninety days. 0.58% of the stock is currently owned by company insiders.
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Equinix Company Profile
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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