Equinix, Inc. (EQIX) is a global digital infrastructure company and real estate investment trust (REIT) that operates data centers where businesses house their IT equipment and connect securely to cloud providers, telecom networks, and business partners. With a market cap of $94 billion, its services include data center colocation, interconnection, network connectivity, and digital infrastructure solutions that support cloud computing, enterprise IT, and artificial intelligence (AI) workloads.
The world's digital infrastructure company is expected to announce its fiscal third-quarter earnings after the market closes on Wednesday, Oct. 28. Ahead of the event, analysts expect EQIX to report an FFO of $9.28 per share on a diluted basis, down 5.6% from $9.83 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
For the current year, analysts expect EQIX to report FFO of $38.23 per share, down marginally from $38.33 per share in fiscal 2025. However, its FFO per share is expected to rise 11.1% year over year to $42.48 in fiscal 2027.
EQIX stock has outperformed the S&P 500 Index’s ($SPX) 13.4% gains over the past 52 weeks, with shares up 14.8% during this period. Similarly, it outperformed the State Street Real Estate Select Sector SPDR ETF’s (XLRE) marginal uptick over the same time frame.
On October 21, Equinix shares rose marginally after the company introduced its Enhanced Performance Innovation Centers (EPIC), a global network of liquid-cooling environments designed to help enterprises test and deploy high-density AI infrastructure. The centers allow customers to evaluate liquid-cooled GPU and CPU platforms and run AI workloads under real-world conditions before scaling up production.
Analysts’ consensus opinion on EQIX stock is highly bullish, with a “Strong Buy” rating overall. Out of 36 analysts covering the stock, 26 advise a “Strong Buy” rating, three suggest a “Moderate Buy,” and seven give a “Hold.” EQIX’s average analyst price target is $1,230.20, indicating a potential upside of 28.8% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.