Equinix (EQIX) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equinix in the last twelve months. There are currently 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EQIX shares.
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17 brokerages have issued 12 month target prices for Equinix's stock. Their EQIX share price forecasts range from $670.00 to $910.00. On average, they predict the company's share price to reach $809.05 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Equinix's stock was trading at $655.03 on January 1st, 2023. Since then, EQIX stock has increased by 18.2% and is now trading at $774.17.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Equinix, Inc. (NASDAQ:EQIX) issued its quarterly earnings results on Wednesday, May, 3rd. The financial services provider reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.00 by $4.23. The financial services provider had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. Equinix had a trailing twelve-month return on equity of 6.91% and a net margin of 10.43%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.16 EPS.
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Equinix announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $3.41 per share on Wednesday, September 20th. This represents a $13.64 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for EQIX.

ETFs with the largest weight of Equinix (NASDAQ:EQIX) stock in their portfolio include Pacer Data & Infrastructure Real Estate ETF (SRVR), SP Funds S&P Global REIT Sharia ETF (SPRE), Global X Data Center REITs & Digital Infrastructure ETF (VPN), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), ALPS Active REIT ETF (REIT) and Fidelity Real Estate Investment ETF (FPRO).

Equinix (NASDAQ:EQIX) pays an annual dividend of $13.64 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 157.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EQIX will have a dividend payout ratio of 48.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQIX.

Equinix updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $31.51-$32.15 for the period, compared to the consensus estimate of $22.04. The company issued revenue guidance of $8.17 billion-$8.25 billion, compared to the consensus revenue estimate of $8.23 billion.

663 employees have rated Equinix Chief Executive Officer Charles Meyers on Glassdoor.com. Charles Meyers has an approval rating of 98% among the company's employees. This puts Charles Meyers in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Equinix to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Equinix investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Mastercard (MA), American Tower (AMT), Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), PayPal (PYPL) and Walt Disney (DIS).

Equinix trades on the NASDAQ under the ticker symbol "EQIX."

Equinix's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (13.70%), BlackRock Inc. (9.89%), Capital International Investors (4.91%), Geode Capital Management LLC (2.21%), Dimensional Fund Advisors LP (1.38%) and Osaic Holdings Inc. (1.31%). Insiders that own company stock include Brandi Galvin Morandi, Camp Peter Van, Charles J Meyers, Charles J Meyers, Christopher B Paisley, Fidelma Russo, Gary Hromadko, Irving F Lyons III, Jonathan Lin, Karl Strohmeyer, Keith D Taylor, Keith D Taylor, Michael Earl Campbell, Nicholas Themelis, Sara Baack and Simon Miller.
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Shares of EQIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EQIX stock can currently be purchased for approximately $774.17.

Equinix (NASDAQ:EQIX) has a market capitalization of $72.44 billion and generates $7.26 billion in revenue each year. The financial services provider earns $704.34 million in net income (profit) each year or $8.67 on an earnings per share basis.

The company employs 12,097 workers across the globe.

Equinix's mailing address is ONE LAGOON DRIVE, REDWOOD CITY CA, 94065. The official website for the company is www.equinix.com. The financial services provider can be reached via phone at (650) 598-6000, via email at invest@equinix.com, or via fax at 650-598-6900.