Movement Alert｜Equinix After-Hours Rise 3.21%, third-quarter results beat expectations

Market Focus04:09

On October 29, Equinix rose 3.21% in After-Hours Trading, trading at $1032.3195/share, with turnover of $25.8083 million.

The move followed the company’s latest quarterly results, which exceeded market expectations on both profit and revenue.

Equinix reported third-quarter FFO of $11.64 per share, above the consensus estimate of $10.61, while revenue reached $2.571 billion, ahead of the expected $2.563 billion. Before the release, market positioning had already been supported by broadly constructive analyst sentiment, with the stock carrying an average buy rating and a mean target price around $1,234; recent actions included a new Outperform initiation from CIBC and a target-price trim from BMO to $1,225.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment