Market Overview

UPDATE: Collins Stewart Raises Price Target on Equinix to $150


According to Collins Stewart, Equinix (NASDAQ: EQIX) price target is raised to $150.

Collins Stewart said that despite heavier than expected FX headwind, Equinix reported solid results after the close last night with revenues of $431.3mm versus the expectations of $432.1mm and Street estimates of $429.5mm. “We note the company repurchased 870k shares in quarter at an average price of $99.57 consuming $87mm of the $250mm share repurchase authorization for the balance of 2012.”

Equinix closed yesterday at $127.42.


Related Articles (EQIX)

View Comments and Join the Discussion!

Posted-In: Collins StewartAnalyst Color Price Target Analyst Ratings

Latest Ratings

SBUXWells FargoMaintains120.0
SYYWells FargoMaintains89.0
PFGCWells FargoMaintains62.0
NEEWells FargoMaintains100.0
AGIOSVB LeerinkMaintains55.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at