In a report released today, Brandon Nispel from KeyBanc maintained a Hold rating on Equinix (EQIX – Research Report). The company’s shares closed yesterday at $772.43.
According to TipRanks, Nispel is a 4-star analyst with an average return of 4.5% and a 52.57% success rate. Nispel covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Cogent Comms, and Cable ONE.
In addition to KeyBanc, Equinix also received a Hold from Barclays’s Brendan Lynch in a report issued yesterday. However, on the same day, BMO Capital reiterated a Buy rating on Equinix (NASDAQ: EQIX).
Based on Equinix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.11 billion and a net profit of $227.57 million. In comparison, last year the company earned a revenue of $1.87 billion and had a net profit of $128.76 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year.
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Equinix (EQIX) Company Description:
Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.
