Equinix (EQIX, Financial) experienced a significant stock drop of 5.02%, trading at $903.29 per share with a volume of 484,473 shares and a turnover rate of 0.50%. The stock's volatility reached 3.21%. Recent financial reports indicate Equinix generated $2.201 billion in revenue and a net profit of $297 million, with earnings per share at $3.11. The price-to-earnings ratio stands at 81.51.
In terms of analyst ratings, 82% of the 28 participating institutions recommend buying EQIX, while 18% suggest holding. No sell recommendations were reported. The real estate trust sector, where Equinix operates, saw an overall decline of 2.19%.
Within this sector, Presidio Property Trust Inc, Sachem Capital Corp, and Apartment Investment & Management Co. showed notable gains. Meanwhile, Wheeler Real Estate Investment Trust Inc, Creative Media & Community Trust Corporation, and Retail Opportunity Investments Corp were active with turnover rates of 37.91%, 8.54%, and 5.40%, respectively. Stocks with significant volatility included Creative Media & Community Trust Corporation, Presidio Property Trust Inc, and Generation Income Properties Inc, with fluctuations of 21.53%, 19.42%, and 16.24%.
Equinix operates 260 data centers across 71 global markets. The company derives 44% of its revenue from the Americas, 35% from Europe, the Middle East, and Africa, and 21% from the Asia-Pacific region. It serves over 10,000 customers, including 2,100 network providers, across five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprises. Approximately 70% of its revenue comes from leasing space and related services, with over 15% from interconnections.
