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Equinix reported a robust third quarter, posting record annualized gross bookings of $533 million and sustained double-digit growth in monthly recurring revenue. Shares edged higher on the day, trading at $1,007.
Equinix announced a strong performance in the third quarter of 2026. The company reported that monthly recurring revenue increased by double digits for the fourth consecutive quarter. Record annualized gross bookings of $533 million were achieved in the period, up 35 percent year over year, according to PR Newswire.
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Price is sitting right at support from the MA-200 at $1,007, anchoring the current structure. Shares of Equinix show a split daily setup, with the price positioned below the MA-50 but above both the MA-20 and MA-200. Stoch RSI is in overbought territory, a stretched reading that limits room for further upside. This combination highlights indecision, with recent gains restrained by stretched momentum readings.
Traders should watch for a close above $1,026 to see if buyers are willing to follow through on the session's move. During the session, Equinix stock reclaimed the MA-20 at $1,002 after closing below that level previously. There is an emerging move higher over the past week that is not yet confirmed; even so, for the coming trading week, the probability of further upside stands at 40% while downside risk is 60%, with an expected trading range of $978.11 to $1,037. A drop back below $1,007 would show the move is being faded. On the weekly chart the longer-term picture stays constructive.
Earlier, analysts noted that Equinix faced mixed technical signals and was approaching key resistance following heightened activity ahead of earnings. The latest results mark a fundamental improvement, yet with momentum appearing stretched, traders should monitor price action around $1,007 as a pivot for the next directional move.