Equinix stock edges higher after record annualized gross bookings

Equinix stock edges higher after record annualized gross bookings
Equinix stock edges higher to $1,007

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.

EQIX price prediction
24H 0.4%
$1,058.05
48H 0.5%
$1,059.07
7D 0.55%
$1,059.55
1M -0.09%
$1,052.89
3M -8.3%
$966.37
6M 19.53%
$1,259.61
12M 21.5%
$1,280.37
Current price: $1,053.79 -18.9300 1.76%
Closed 11/13
Daily range 1041.28 Arrow from to Icon 1079.00
Weekly range 1028.06 Arrow from to Icon 1079.00
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Highlights

  • Equinix posted record annualized gross bookings of $533 million in the third quarter, up 35% year over year.
  • Monthly recurring revenue grew by double digits for the fourth consecutive quarter, showing sustained momentum in the business.
  • Shares of Equinix traded at $1,007, with 109 of 133 analysts rating the stock a buy and none at sell.

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.

Indecision at MA-200 as gains face overbought momentum signals

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.

Downside risk outweighs upside as confirmation hinges on key close

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.

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