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Nov 03, 2022
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Equinix (EQIX, $584.75) Q3 AFFO tops expectations

Equinix (EQIX, $584.75) Q3 AFFO tops expectations

Equinix Inc.’s third-quarter  adjusted funds from operations (AFFO) per share grew +11.4% year-over-year to $7.73, exceeding the Zacks Consensus Estimate of $7.19.

Revenues climbed +9.9% to $1.84 billion for the quarter , beating the Zacks Consensus Estimate of $1.83 billion.

For the full-year, the company boosted its revenue outlook by $15 million compared to prior guidance to a range of $7.240 billion- $7.260 billion. The increase results from better-than-expected business performance.

The company now expects adjusted EBITDA in the range of $3.352 billion - $3.372 billion, an increase of $46B compared to the prior forecast.

For the fourth quarter, the company expects projects revenue in the range of $1.848 billion to $1.868 billion, compared to consensus of $1.87 billion. Its guidance for adjusted EBITDA is between $821 million and $841 million.

Related Ticker: EQIX

EQIX's Stochastic Oscillator is sitting in oversold zone for 1 day

Be on the lookout for a price bounce soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a +1.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where EQIX advanced for three days, in 175 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 56%.

EQIX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on EQIX as a result. In 42 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 49%.

The Moving Average Convergence Divergence Histogram (MACD) for EQIX turned negative on October 14, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 22 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 49%.

EQIX moved below its 50-day moving average on October 07, 2026 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EQIX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.

The Aroon Indicator for EQIX entered a downward trend on October 26, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 53 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating fairly steady price growth. EQIX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 67 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 71 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.639) is normal, around the industry mean (1.808). EQIX has a moderately high P/E Ratio (62.108) as compared to the industry average of (27.220). Projected Growth (PEG Ratio) (2.846) is also within normal values, averaging (2.612). Dividend Yield (0.021) settles around the average of (0.044) among similar stocks. EQIX's P/S Ratio (10.215) is slightly higher than the industry average of (5.594).

Notable companies

The most notable companies in this group are American Tower Corp (NYSE:AMT).

Industry description

Companies belonging to the specialty telecommunications sector provide voice and data transmission via a single method, such as fixed lines, digital subscriber lines (DSL), wireless technology, the internet or competitive local exchange carriers. Telefonica, Liberty Broadband Corp., and Zayo Group Holdings, Inc. are some of the big specialty telecom companies in the U.S.

Market Cap

The average market capitalization across the Specialty Telecommunications Industry is 20.98B. The market cap for tickers in the group ranges from 22.2K to 95.48B. EQIX holds the highest valuation in this group at 95.48B. The lowest valued company is OBLR at 22.2K.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Telecommunications Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -9%. CCI experienced the highest price growth at 8%, while FRMI experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Specialty Telecommunications Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 55
Price Growth Rating: 59
SMR Rating: 70
Profit Risk Rating: 78
Seasonality Score: 16 (-100 ... +100)
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published General Information

General Information

a real estate investment trust

Industry SpecialtyTelecommunications

Industry
Real Estate Investment Trusts
Address
One Lagoon Drive
Phone
+1 650 598-6000
Employees
13716
Web
https://www.equinix.com
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