Equinix Inc (EQIX): Stephen M Smith , CEO & President of Equinix Inc sold 3,621 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $368.18 per share for a total value of $1,334,179.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Keith D Taylor (Chief Financial Officer) sold 5,500 shares at $363.85 per share price.On Jun 2, 2016, Yau Tat Lee (President – Asia Pacific) sold 1,607 shares at $366.62 per share price.Also, On Jun 1, 2016, John L Hughes (director) sold 89 shares at $365.55 per share price.On May 31, 2016, Capital Inc Crosslink (other) sold 5,600 shares at $359.64 per share price.
Equinix Inc: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Equinix Inc which led to swings in the share price. The shares opened for trading at $369.2 and hit $374.39 on the upside , eventually ending the session at $370.95, with a gain of 0.45% or 1.66 points. The heightened volatility saw the trading volume jump to 5,68,683 shares. The 52-week high of the share price is $374.39 and the company has a market cap of $25,754 M . The 52-week low of the share price is at $249.96.
Company has been under the radar of several Street Analysts.Equinix Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 390 from a previous price target of $370 .The Rating was issued on May 23, 2016.Equinix Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 380 from a previous price target of $340 .The Rating was issued on May 5, 2016.Equinix Inc is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 340 from a previous price target of $335 .The Rating was issued on May 5, 2016.Equinix Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 370 from a previous price target of $320 .The Rating was issued on Apr 7, 2016.Equinix Inc is Resumed by Barclays to Equal Weight and the brokerage firm has set the Price Target at $330. The Rating was issued on Mar 21, 2016.
Equinix Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation interconnection solutions and managed IT infrastructure services. The Company’s colocation offerings include Cabinets Power and IBXflex. Cabinets allows customer for colocating networking server and storage equipment. Power is an element of increasing importance in customers’ colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Company’s interconnection solutions enable scalable reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services such as Equinix Professional Services which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.