Equinix (EQIX) Receives a Hold from BMO Capital

BMO Capital analyst Ari Klein maintained a Hold rating on Equinix (EQIXResearch Report) today and set a price target of $830.00. The company’s shares closed last Wednesday at $673.58.

According to TipRanks.com, Klein is a 4-star analyst with an average return of 9.6% and a 63.0% success rate. Klein covers the Financial sector, focusing on stocks such as Hersha Hospitality, Pebblebrook Hotel, and Digital Realty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equinix with a $852.14 average 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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