Equinix (EQIX) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $28.73 million worth of transactions were on upticks, whereas, the downticks accounted for $26.89 million worth of transactions. The net money flow was a positive $1.85 million and the uptick to downtick ratio was 1.07. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Equinix (EQIX) was trading at $361.8, down $0.46 during day. The stock slid -0.13% over the previous days close. For the week, the stock recorded 0.56% over the previous weeks close.
Shares of Equinix, Inc. appreciated by 1.53% during the last five trading days but lost 1.62% on a 4-week basis. Equinix, Inc. has dropped 5.67% during the last 3-month period . Year-to-Date the stock performance stands at 21.71%.
Equinix (EQIX) : 15 analysts are covering Equinix (EQIX) and their average rating on the stock is 1.6, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Equinix (EQIX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Equinix (NASDAQ:EQIX): The stock opened at $363.85 and touched an intraday high of $363.965 on Wednesday. During the day, the stock corrected to an intraday low of $360.47, however, the bulls stepped in and pushed the price higher to close in the green at $362.38 with a gain of 0.03% for the day. The total traded volume for the day was 478,201. The stock had closed at $362.26 in the previous trading session.
Equinix, Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation, interconnection solutions and managed IT infrastructure services. The Companys colocation offerings include Cabinets, Power and IBXflex. Cabinets allows customer for colocating networking, server and storage equipment. Power is an element of increasing importance in customers colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Companys interconnection solutions enable scalable, reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services, such as Equinix Professional Services, which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.