Equinix, Inc. (EQIX)

NASDAQ: EQIX · Real-Time Price · USD
979.10
+0.84 (0.09%)
Nov 27, 2024, 4:00 PM EST - Market closed
0.09%
Market Cap 94.47B
Revenue (ttm) 8.15B
Net Income (ttm) 1.06B
Shares Out 96.49M
EPS (ttm) 11.09
PE Ratio 88.25
Forward PE 77.91
Dividend $17.04 (1.74%)
Ex-Dividend Date Nov 13, 2024
Volume 435,825
Open 986.00
Previous Close 978.26
Day's Range 978.25 - 994.03
52-Week Range 684.14 - 994.03
Beta 0.70
Analysts Buy
Price Target 936.18 (-4.38%)
Earnings Date Oct 30, 2024

About EQIX

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals. [Read more]

Sector Real Estate
IPO Date Aug 11, 2000
Employees 13,151
Stock Exchange NASDAQ
Ticker Symbol EQIX
Full Company Profile

Financial Performance

In 2023, Equinix's revenue was $7.75 billion, an increase of 15.34% compared to the previous year's $6.72 billion. Earnings were $969.18 million, an increase of 37.60%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for EQIX stock is "Buy." The 12-month stock price forecast is $936.18, which is a decrease of -4.38% from the latest price.

Price Target
$936.18
(-4.38% downside)
Analyst Consensus: Buy
Stock Forecasts

News

The State Of REITs: November 2024 Edition

The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3....

2 days ago - Seeking Alpha

Equinix Continues to Expand Sustainability Initiatives with Additional €1.15 Billion in Green Bonds

REDWOOD CITY, Calif. , Nov. 25, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that it has issued an additional €1.15 billion in green ...

2 days ago - PRNewsWire

Equinix to Help Accelerate AI Innovation in Singapore with US$260+ Million Data Center Expansion

REDWOOD CITY, Calif. and SINGAPORE , Nov. 19, 2024 /PRNewswire/ -- Today Equinix, Inc. (Nasdaq: EQIX) announced plans for its latest data center in Singapore, aimed at enabling global businesses to le...

8 days ago - PRNewsWire

Why REITs Will Pummel Stocks In 2025

REITs have strongly outperformed the S&P 500 in the recent past. I expect this strong outperformance to continue. There are two reasons for this.

Other symbols: CCICPTEGPMAAOPLDPLYM
13 days ago - Seeking Alpha

Peru Data Center Market Investment Analysis Report 2024-2029, Featuring Coverage of Equinix, Optical Networks (Win Empresas), Claro, Actis (Nabiax), Cirion Technologies, GTD Peru, Among Others

Dublin, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The "Peru Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Peru Data...

26 days ago - GlobeNewsWire

Equinix CEO Adaire Fox-Martin on Q3 earnings

Adaire Fox-Martin, Equinix CEO, joins CNBC's 'The Exchange' to discuss building out AI infrastructure, partnerships with hyperscalers, and more.

27 days ago - CNBC Television

Equinix, Inc. (EQIX) Q3 2024 Earnings Call Transcript

Equinix, Inc. (NASDAQ:EQIX) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Chip Newcom - Senior Director of IR Adaire Fox-Martin - CEO and President Keith Taylor - ...

4 weeks ago - Seeking Alpha

Equinix forecasts quarterly revenue above estimates on steady demand

Equinix forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by steady demand for its data center services amid the continuing surge in artificial intelligence boom.

4 weeks ago - Reuters

Equinix Declares Quarterly Dividend on Its Common Stock

REDWOOD CITY, Calif. , Oct. 30, 2024 /PRNewswire/ --  Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that its Board of Directors has declared a quarterly ca...

4 weeks ago - PRNewsWire

Equinix Reports Third-Quarter 2024 Results

REDWOOD CITY, Calif. , Oct. 30, 2024 /PRNewswire/ -- Quarterly revenues increased 7% on both an as-reported and normalized and constant currency basis over the same quarter last year to $2.2 billion R...

4 weeks ago - PRNewsWire

Equinix: Selling Shovels In A Gold Rush

Equinix, a leading data center REIT, shows consistent growth and strong fundamentals. Our unique methodology provides a powerful strategy for identifying favorable risk-reward setups in stocks like EQ...

4 weeks ago - Seeking Alpha

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 fundamenta...

5 weeks ago - Seeking Alpha

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 it...

6 weeks ago - Seeking Alpha

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%.

Other symbols: DEFCNCAGGGHST
7 weeks ago - Forbes

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.

Other symbols: DBRGDLR
2 months ago - Barrons

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.

2 months ago - VentureBeat

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 compan...

2 months ago - Reuters

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 ...

2 months ago - PRNewsWire

Why I Don't Invest In Data Center REITs

Data center REITs have outperformed over time. But this was mostly driven by rising valuations, not profits. Why I avoid data center REITs.

Other symbols: DLROVNQ
2 months ago - Seeking Alpha

Equinix, Inc. (EQIX) CEO Adaire Fox-Martin presents at Citi's 2024 Global Technology, Media and Telecom Conference (Transcript)

Equinix, Inc. (NASDAQ:EQIX) Citi's 2024 Global Technology, Media and Telecom Conference September 4, 2024 3:00 PM ET Company Participants Adaire Fox-Martin - President and CEO Conference Call Partici...

2 months ago - Seeking Alpha

Equinix, Inc. (EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference (Transcript)

Equinix, Inc. (NASDAQ:EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 5:00 PM ET Company Participants Adaire Fox-Martin - President & CEO Conference ...

2 months ago - Seeking Alpha

Equinix Issues More Than $750 Million in Green Bonds to Drive Sustainability Initiatives

REDWOOD CITY, Calif. , Sept. 4, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that it issued more than $750 million in green bonds acr...

3 months ago - PRNewsWire

Nvidia gets all the attention — but these companies are quietly powering the AI gold rush

Nvidia's NVDA partnerships with other tech giants including Amazon.com's AMZN AWS, Alphabet's GOOGL GOOG Google Cloud, Microsoft MSFT Azure and Tesla TSLA have been instrumental in deploying its cutti...

Other symbols: AMTDLRHPE
3 months ago - Market Watch

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...

3 months ago - Seeking Alpha

Data-Center Owners Get an Edge Over Big Tech Tenants, Finally

This column is part of the eighth annual Heard on the Street stock picking series.

3 months ago - WSJ