China says Nvidia broke competition rules, extends probe; stock off lows
Abdel Raouf, Executive Vice President, Global Operations at Equinix Inc (NASDAQ:EQIX), sold 404 shares of common stock on September 9, 2025, at a price of $771.1072, for a total value of $311527. The stock, currently trading at $797.48, has shown resilience with a 3.85% gain in the past week, despite being down 14% year-to-date. According to InvestingPro analysis, Equinix maintains a "GOOD" overall financial health score.
Following the transaction, Raouf directly owns 6377.908 shares of Equinix, Inc.
In other recent news, Equinix delivered a strong performance in its second-quarter earnings report. According to JPMorgan, the company achieved revenue that aligned with expectations and surpassed forecasts for adjusted EBITDA and AFFO. This positive performance led JPMorgan to increase its price target for Equinix to $940, maintaining an Overweight rating. Meanwhile, CFRA downgraded Equinix from Buy to Hold, keeping the price target at $850, due to a more cautious risk assessment despite recognizing growth opportunities in the data center market.
Equinix also announced a strategic partnership with several next-generation nuclear technology providers to secure power sources for its data centers globally. This move is part of the company’s strategy to address increasing electricity demands and potential power constraints. Additionally, Equinix appointed Dr. Yanbing Li to its Board of Directors, bringing her extensive experience from leadership roles at Datadog, Aurora, and Google.
In other company news, Citizens JMP reiterated a Market Outperform rating for DocuSign, setting a price target of $124. The firm highlighted positive feedback from a software industry recruiter, emphasizing the ease of selling DocuSign’s solutions and the clear return on investment for customers.
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