Equinix (EQIX) Gets a Hold Rating from Jefferies

In a report released yesterday, Jonathan Petersen from Jefferies maintained a Hold rating on Equinix (EQIXResearch Report), with a price target of $750.00. The company’s shares closed last Wednesday at $673.58.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 14.1% and a 73.3% success rate. Petersen covers the Financial sector, focusing on stocks such as National Storage Affiliates, National Retail Properties, and Apartment Income REIT.

Equinix has an analyst consensus of Moderate Buy, with a price target consensus of $831.78, a 22.7% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $830.00 price target.

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Based on Equinix’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.68 billion and net profit of $152 million. In comparison, last year the company earned revenue of $1.52 billion and had a net profit of $66.69 million.

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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.

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