Equinix
EQIX
Market cap $84.4B

888.85 USD

+8.65

0.98%

At close Oct 17, 4:00 PM EDT

After hours

888.85

+0.00

0.00%

1 day

0.98%

5 days

2.21%

1 month

2.84%

3 months

10.67%

6 months

21.00%

Year to date

9.67%

1 year

19.64%

5 years

55.44%

About: Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

Employees: 13,151

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

46% more call options, than puts

Call options by funds: $362M | Put options by funds: $249M

17% more repeat investments, than reductions

Existing positions increased: 444 | Existing positions reduced: 381

0.63% less ownership

Funds ownership: 95.14% [Q1] → 94.5% (-0.63%) [Q2]

4% less funds holding

Funds holding: 1,112 [Q1] → 1,071 (-41) [Q2]

8% less capital invested

Capital invested by funds: $74B [Q1] → $67.8B (-$6.21B) [Q2]

16% less funds holding in top 10

Funds holding in top 10: 38 [Q1] → 32 (-6) [Q2]

28% less first-time investments, than exits

New positions opened: 103 | Existing positions closed: 144

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$865

3%

downside

Avg. target

$943

6%

upside

High target

$1,000

13%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

Wells Fargo Eric Luebchow 84% 1-year accuracy 31 / 37 met price target	10%upside $975	Overweight Maintained	17 Oct 2024
HSBC Phani Kanumuri 100% 1-year accuracy 1 / 1 met price target	13%upside $1,000	Buy Upgraded	4 Oct 2024
JP Morgan Philip Cusick 58% 1-year accuracy 7 / 12 met price target	10%upside $975	Overweight Maintained	1 Oct 2024
Goldman Sachs James Schneider 67% 1-year accuracy 10 / 15 met price target	10%upside $980	Buy Maintained	26 Sept 2024
Mizuho Vikram Malhotra 75% 1-year accuracy 6 / 8 met price target	9%upside $971	Outperform Maintained	12 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 16 articles about EQIX published over the past 30 days

These REITs Trade At Premiums, But Should They?

REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH Properties and Flagship offer cheaper entry points.

These REITs Trade At Premiums, But Should They?

Equinix: Buy This Golden Apple On The Data Center Tree

In a world where diversification is preached, REITs offer a unique take. Instead of a basket of many REITs, hand-picking particular REITs from each sector is optimal. Equinix is an ideal buy due to its immense global reach, flexible balance sheets, and initiatives enhancing portfolio occupancy and energy efficiency. A precedent transactions analysis and a discounted cash flow analysis gives me a weighted par value of $884.67, a 0.9% upside from Equinix's share price at the time.

Equinix: Buy This Golden Apple On The Data Center Tree

Zacks Investment Research

Is it Wise to Retain Equinix Stock in Your Portfolio Now?

Robust data center demand, expansion efforts and a healthy balance sheet are likely to aid EQIX's growth. A competitive landscape and high interest rates are concerns.

Is it Wise to Retain Equinix Stock in Your Portfolio Now?

An October Surprise

U.S. equity markets extended gains to a fourth-straight week despite a resurgence in benchmark interest rates after a critical slate of employment data showed surprisingly strong labor market trends. One of several strong employment reports, Nonfarm Payrolls data showed that the U.S. economy added 254k jobs in September - the strongest in six months and well above consensus estimates. Combined with a nearly 10% surge in crude oil prices driven by renewed Middle East tensions, markets reflected a significantly less aggressive Fed rate cut path in the months ahead.

An October Surprise

Dividend Increases: 5 Potential Payout Hikes For Q4 2024

Let's talk about companies that are serious about dividend hikes. I'm talking about recent payout raises of 25%, 67% and even 120%.

Dividend Increases: 5 Potential Payout Hikes For Q4 2024

MEDIA ALERT: Equinix Sets Conference Call for Third-Quarter Results

REDWOOD CITY, Calif. , Oct. 4, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that it will hold its quarterly conference call on Wednesday, October 30, 2024, at 5:30 p.m.

MEDIA ALERT: Equinix Sets Conference Call for Third-Quarter Results

JPMorgan Says These 3 Data Center Stocks Will Benefit From AI Boom

J.P. Morgan analyst Richard Choe is bullish on Digital Realty Trust, Equinix and DigitalBridge Group, and lifted price targets for the trio.

JPMorgan Says These 3 Data Center Stocks Will Benefit From AI Boom

Equinix raises $15B in new capital to invest in xScale data centers to meet AI demand

Equinix has raised $15 billion in funding to expand its xScale data centers for AI, particularly for investments in the U.S.

Equinix raises $15B in new capital to invest in xScale data centers to meet AI demand

Equinix signs $15 bln joint venture to build U.S. data center infrastructure

Data center firm Equinix is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday.

Equinix signs $15 bln joint venture to build U.S. data center infrastructure

Equinix Agrees to Form Greater Than $15B JV to Expand Hyperscale Data Centers in the U.S. and Support Growing AI and Cloud Innovation

REDWOOD CITY, Calif. , Oct. 1, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced the signing of a joint venture (JV) agreement, subject to closing conditions, in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board (CPP Investments), with the intent to raise over US$15 billion in capital together with its partners.

Equinix Agrees to Form Greater Than $15B JV to Expand Hyperscale Data Centers in the U.S. and Support Growing AI and Cloud Innovation

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