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Why Equinix Stock Sagged on Thursday

TheMotleyFool 
0 0 13.02.25
Why Equinix Stock Sagged on ThursdayPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png
 

Data center specialist 's (NASDAQ: EQIX) stock had a forgettable session on Thursday. The shares ended the day more than 1% lower, on the back of quarterly earnings that didn't entirely meet analyst expectations. Contrasting the stock's decline was the path of the S 500 (SNPINDEX: ^GSPC), which rose at essentially the same percentage rate.

Equinix released its fourth-quarter and full-year 2024 figures just after market close Wednesday. These showed that the company's revenue rose by 7% year over year to $2.26 billion.

Going in quite the opposite direction was the bottom line; according to generally accepted accounting principles (GAAP) standards, Equinix flipped to a loss of $14 million ($0.14 per share) from the year-ago profit of $227 million.

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Source Fool.com

Equinix Inc. Stock

€912.20
-1.680%
A loss of -1.680% shows a downward development for Equinix Inc..
The stock is an absolute favorite of our community with 38 Buy predictions and no Sell predictions.
As a result the target price of 1018 € shows a slightly positive potential of 11.6% compared to the current price of 912.2 € for Equinix Inc..
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