Equinix (EQIX) : The consensus on Equinix (EQIX) based on 14 analyst recommendation on the company stock is 1.64, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Equinix (EQIX) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $457 and the lowest price target forecast is $303. The average forecast of all the analysts is $410.36 and the expected standard deviation is $41.87.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on Equinix (NASDAQ:EQIX). In the latest research report, Barclays raises the target price from $372 per share to $377 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on August 18, 2016.
Equinix (NASDAQ:EQIX): The stock opened at $378.05 and touched an intraday high of $378.92 on Wednesday. During the day, the stock corrected to an intraday low of $376.29, however, the bulls stepped in and pushed the price higher to close in the green at $378.2 with a gain of 0.06% for the day. The total traded volume for the day was 580,258. The stock had closed at $377.97 in the previous trading session.
Equinix, Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation, interconnection solutions and managed IT infrastructure services. The Companys 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 Companys 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.