Streetbeat News

EQIX

Equinix, Inc.

https://www.equinix.com

Industry

REIT - Specialty

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

Open

898.64

Mkt cap

88B

Volume

366K

High

909.46

P/E Ratio

82.15

52-wk high

943.02

Low

891.18

Div yield

0.02

52-wk low

684.14

Equinix (NASDAQ:EQIX) received mixed analyst ratings with a shift towards a more positive outlook, as evidenced by an increase in the average 12-month price target to $795.92 from $752.70. The company operates 260 data centers globally and has shown a revenue growth rate of 12.81% as of December 31, 2023. Despite its revenue growth, Equinix faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA. The company's financial structure is sound, with a debt-to-equity ratio of 1.4.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

Barclays analyst Brendan Lynch maintains an Equal-Weight rating on Equinix (NASDAQ:EQIX) and lowers the price target from $818 to $669.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:09 pm

Over the past 15 years, Equinix (NASDAQ:EQIX) has produced an average annual return of 17.96%, outperforming the market. A $100 investment in EQIX 15 years ago would now be worth $1,188.37. Equinix's current market capitalization stands at $70.43 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 8:30 pm

Equinix Inc (NASDAQ:EQIX) and PGIM Real Estate, part of Prudential Financial, Inc.'s (NYSE:PRU) asset management business, have formed a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. This facility, SV12x, will offer over 28 MW of power capacity and marks the second joint venture between the two entities. The venture aims to expand the global xScale data center portfolio to over $8 billion and 725 MW of power capacity. PGIM Real Estate will hold an 80% equity interest, with Equinix owning the remaining 20%. EQIX shares dropped 1.71% to $751.00.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 3:35 pm

Equinix, Inc. (NASDAQ:EQIX) and PGIM Real Estate have announced a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. The facility, named SV12x, will offer over 28 MW of power capacity and is part of Equinix's global xScale data center portfolio, expected to exceed $8 billion and 725 MW across more than 35 facilities. PGIM Real Estate will hold an 80% equity interest, with Equinix holding the remaining 20%. This venture marks PGIM Real Estate's first investment through its global data center strategy.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:09 pm

REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:57 pm

Over the past 15 years, Equinix (NASDAQ:EQIX) has produced an average annual return of 18.37%, outperforming the market. A $100 investment in EQIX 15 years ago would now be worth $1,246.21. Equinix's current market capitalization stands at $74.65 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:31 pm

The article discusses the concept of finding overlooked investment opportunities in the stock market, particularly focusing on 'pick and shovel' plays that benefit from larger trends like the AI boom. It highlights how stocks like NVIDIA and Advanced Micro Devices (AMD) have seen significant gains, but suggests looking at companies like Digital Realty (DLR) and Equinix Inc (EQIX) that could also benefit from the AI trend but haven't been as widely discussed or seen as dramatic price increases.

Portfolio Pulse from Aaron Bry

April 03, 2024 | 3:36 pm

Equinix (NYSE:EQIX) has seen a 30.82% increase in its short percent of float since the last report, with 1.39 million shares sold short, representing 1.91% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of a price drop. Equinix's short interest is below its peer group average of 4.09%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:30 pm

In the past three months, 12 analysts have provided diverse ratings for Equinix (NASDAQ:EQIX), with sentiments ranging from bullish to bearish. The average 12-month price target for EQIX has been raised to $816.42, up 7.71% from the previous target. Analyst actions include adjustments to ratings and price targets, reflecting their evolving views on Equinix's market position. Equinix, operating as a REIT, has shown significant revenue growth but faces challenges in profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:00 pm

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