27-Mar-2024
Business Wire (Wed, 27-Mar 10:00 AM ET)
PRNewswire (Wed, 27-Mar 6:30 AM ET)
Business Wire (Tue, 26-Mar 8:39 PM ET)
Analysts Are Neutral on Top Real Estate Stocks: Realty Income (O), Equinix (EQIX)
TipRanks (Tue, 26-Mar 5:00 AM ET)
Analysts Offer Insights on Real Estate Companies: Equinix (EQIX) and Realty Income (O)
TipRanks (Tue, 26-Mar 4:51 AM ET)
Globe Newswire (Mon, 25-Mar 1:53 PM ET)
Equinix board starts review of short report matters; receives subpoena
Seeking Alpha News (Mon, 25-Mar 12:37 PM ET)
Equinix: A Strong Buy on Strategic Management and Promising Financial Outlook
TipRanks (Mon, 25-Mar 12:35 PM ET)
Equinix Files 8-K Notification and Comments on Recent Events
PRNewswire (Mon, 25-Mar 8:00 AM ET)
Globe Newswire (Sun, 24-Mar 1:11 PM ET)
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.
Equinix trades on the NASDAQ stock market under the symbol EQIX.
As of March 27, 2024, EQIX stock price climbed to $815.31 with 902,866 million shares trading.
EQIX has a beta of 1.24, meaning it tends to be more sensitive to market movements. EQIX has a correlation of 0.39 to the broad based SPY ETF.
EQIX has a market cap of $77.15 billion. This is considered a Large Cap stock.
In the last 3 years, EQIX stock traded as high as $914.93 and as low as $494.89.
The top ETF exchange traded funds that EQIX belongs to (by Net Assets): VNQ, VTI, VOO, SPY, VUG.
EQIX has underperformed the market in the last year with a price return of +21.8% while the SPY ETF gained +33.9%. EQIX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and -8.7%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
EQIX support price is $787.24 and resistance is $812.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQIX stock will trade within this expected range on the day.