News coverage about Equinix (NASDAQ:EQIX) has trended somewhat positive recently, according to AlphaOne. The research group, a unit of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equinix earned a media sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also gave media stories about the company an impact score of 80 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Trading Spotlight: Focusing on Shares of Equinix Inc (EQIX) – Stock Rover (thestockrover.com)
- MEDIA ALERT: Equinix Sets Conference Call for First Quarter 2017 Financial Results (finance.yahoo.com)
- Equinix Recognizes Channel Partners for Exemplary Business Contributions (finance.yahoo.com)
- The Mexican Stock Exchange Deploys Market Data Access in Equinix New York Data Center (finance.yahoo.com)
- Equinix to Expand Further, Declares $1 Billion Plan for 2017 (finance.yahoo.com)
Shares of Equinix (NASDAQ:EQIX) traded down 0.16% during mid-day trading on Thursday, reaching $399.11. 366,671 shares of the company’s stock were exchanged. The stock has a market cap of $28.59 billion, a price-to-earnings ratio of 222.35 and a beta of 0.73. Equinix has a 52-week low of $314.55 and a 52-week high of $404.54. The stock’s 50-day moving average is $385.34 and its 200-day moving average is $366.49.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $3.41 by $2.55. The business earned $942.65 million during the quarter, compared to the consensus estimate of $942.15 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. On average, equities analysts expect that Equinix will post $4.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Monday, February 27th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, February 23rd. This is a positive change from Equinix’s previous quarterly dividend of $1.75. Equinix’s payout ratio is currently 648.15%.
Several equities research analysts recently commented on EQIX shares. Zacks Investment Research downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Canaccord Genuity reiterated a “buy” rating and issued a $420.00 target price on shares of Equinix in a research report on Thursday, February 16th. Stifel Nicolaus increased their target price on shares of Equinix from $418.00 to $435.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Citigroup Inc upgraded shares of Equinix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $408.00 to $435.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. Finally, Cowen and Company increased their target price on shares of Equinix from $417.00 to $453.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 29th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $419.69.
In other news, insider Michael Earl Campbell sold 129 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $377.96, for a total value of $48,756.84. Following the sale, the insider now owns 1,746 shares of the company’s stock, valued at $659,918.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Charles J. Meyers sold 200 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $400.94, for a total transaction of $80,188.00. Following the completion of the sale, the chief operating officer now directly owns 337 shares in the company, valued at approximately $135,116.78. The disclosure for this sale can be found here. In the last three months, insiders sold 52,346 shares of company stock worth $19,756,746. 0.69% of the stock is currently owned by insiders.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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