According to Collins Stewart, Equinix
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.
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EQIXEquinix Inc
$756.70-0.29%
Edge Rankings
Momentum
24.23
Growth
90.86
Quality
37.67
Value
19.60
Price Trend
Short
Medium
Long
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