Equinix Inc. Stock Buy Recommendation Reiterated (EQIX)
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- EQUINIX INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, EQUINIX INC increased its bottom line by earning $2.65 versus $1.71 in the prior year. This year, the market expects an improvement in earnings ($3.72 versus $2.65).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Internet Software & Services industry. The net income increased by 151.9% when compared to the same quarter one year prior, rising from $17.81 million to $44.86 million.
- EQIX's revenue growth trails the industry average of 33.4%. Since the same quarter one year prior, revenues rose by 20.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The gross profit margin for EQUINIX INC is currently very high, coming in at 71.00%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, EQIX's net profit margin of 8.85% significantly trails the industry average.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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