Equinix (EQIX) is Upgraded by Wells Fargo to Outperform

Equinix (EQIX) is Upgraded by Wells Fargo to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Market Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Equinix, Inc. is up 14.42% in the last 3-month period. Year-to-Date the stock performance stands at 42.3%.

Shares of Equinix, Inc. (NASDAQ:EQIX) rose by 1.75% in the past week and 0.4% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.6% and the outperformance increases to 2.74% for the last 4 weeks.

Shares of Equinix, Inc. (NASDAQ:EQIX) ended Thursday session in red amid volatile trading. The shares closed down 0.29 points or 0.1% at $302.4 with 404,825 shares getting traded. Post opening the session at $302.49, the shares hit an intraday low of $299.597 and an intraday high of $304.37 and the price vacillated in this range throughout the day. The company has a market cap of $17,323 million and the number of outstanding shares have been calculated to be 57,285,666 shares. The 52-week high of Equinix, Inc. (NASDAQ:EQIX) is $305 and the 52-week low is $213.89.

Currently the company Insiders own 0.78% of Equinix, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.62% . Institutional Investors own 97% of Equinix, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -11.88%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer) of Equinix Inc, Taylor Keith D had sold 1,000 shares worth of $298,150 in a transaction dated December 8, 2015. In this transaction, 1,000 shares were sold at $298.15 per share.

Equinix, Inc. (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems. The Company offers each customer a choice of business partners and solutions based on their colocation, interconnection and managed IT service needs. Equinix offers customers direct interconnection to an aggregation of bandwidth providers, including the Internet Service Providers (ISPs), broadband access networks (DSL/cable) and international carriers. Its customers include carriers and other bandwidth providers, cloud and information technology (IT) services providers, content providers, financial companies and global enterprises. In July 2014, it acquired ALOG Data Centers of Brazil S.A.