Equinix Inc (NASDAQ:EQIX) reported better-than-expected fourth-quarter FFO results and issued first-quarter sales guidance above estimates on Wednesday.
Equinix reported quarterly FFO of $8.91 per share which beat the analyst consensus estimate of $8.85. The company reported quarterly sales of $2.420 billion which missed the analyst consensus estimate of $2.461 billion.
Equinix said it sees first-quarter sales of $2.496 billion to $2.536 billion, versus market estimates of $2.463 billion.
“Our team executed exceptionally well in Q4, marking a very strong close to a pivotal year for Equinix. Demand for our solutions has never been higher, as demonstrated by accelerated growth in both bookings and recurring revenue, and we are confident in our plan to deliver robust revenue and AFFO per share growth in 2026,” said Adaire Fox-Martin, CEO and President, Equinix. “Equinix plays an essential role helping businesses connect and manage increasingly distributed AI, cloud and networking infrastructure. This is a source of long-term competitive advantage that positions us well to meet our customers’ greatest needs and create shareholder value.”
Equinix shares gained 11.3% to trade at $965.44 on Thursday.
These analysts made changes to their price targets on Equinix following earnings announcement.
- Scotiabank analyst Maher Yaghi maintained Equinix with a Sector Outperform and raised the price target from $959 to $997.
- Wells Fargo analyst Eric Luebchow maintained the stock with an Overweight rating and raised the price target from $925 to $975.
- Goldman Sachs analyst James Schneider maintained Equinix with a Neutral and raised the price target from $785 to $894.
Considering buying EQIX stock? Here’s what analysts think:
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