Analysts Offer Insights on Technology Companies: Square Inc. (NYSE: SQ), Radcom (NASDAQ: RDCM) and Equinix (NASDAQ: EQIX)

By George MacDonald

Analysts have been eager to weigh in on the Technology sector with new ratings on Square Inc. (NYSE: SQ), Radcom (NASDAQ: RDCM) and Equinix (NASDAQ: EQIX).

Square Inc. (NYSE: SQ)

In a report released yesterday, Bryan Keane from Deutsche Bank maintained a Hold rating on Square Inc (NYSE: SQ). The company’s shares closed yesterday at $11.32.

According to TipRanks.com, Keane is a 5-star analyst with an average return of 9.0% and a 65.2% success rate. Keane covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on Square Inc is Moderate Buy and the average price target is $13.59, representing a 20.1% upside.

In a report issued on August 3, Wedbush also upgraded the stock to Hold with a $10 price target.
Radcom (NASDAQ: RDCM)

William Blair analyst Dmitry Netis reiterated a Buy rating on Radcom Ltd (NASDAQ: RDCM) on August 3. The company’s shares closed yesterday at $16.31, close to its 52-week high of $17.60.

According to TipRanks.com, Netis is a 4-star analyst with an average return of 4.3% and a 52.5% success rate. Netis covers the Technology sector, focusing on stocks such as Interactive Intelligence, Juniper Networks, and Vonage Holdings.

Currently, the analyst consensus on Radcom Ltd is Moderate Buy and the average price target is $17, representing a 4.2% upside.

In a report issued on August 3, Needham also reiterated a Buy rating on the stock with a $17 price target.
Equinix (NASDAQ: EQIX)

Canaccord Genuity analyst Paul Morgan reiterated a Buy rating on Equinix (NASDAQ: EQIX) yesterday and set a price target of $390. The company’s shares closed yesterday at $371.40, close to its 52-week high of $391.07.

Morgan commented, “Date and time of first dissemination: August 04, 2016, 00:10 ET Date and time of production: August 04, 2016, 00:10 ET Target Price / Valuation Methodology: Equinix – EQIX Our price target of $390 reflects 21x our 2017 AFFO per share estimate of $18.87. Risks to achieving Target Price / Valuation: Equinix – EQIX Downside risks include: 1) excessive data center builds create significant pricing pressures; 2) technological advancements that obviate the need for additional data center space; 3) foreign exchange swings; 4) new entrants into the data center market. Distribution of Ratings: Global Stock Ratings (as of 08/03/16) Rating Coverage Universe IB Clients # % % Buy 539 58.91% 34.69% Hold 292 31.91% 19.52% Sell 29 3.17% 13.79% Speculative Buy 55 6.01% 72.73% 915* 100.0% *Total includes stocks that are Under Review Canaccord Genuity Ratings System BUY: The stock is expected to generate risk-adjusted returns of over 10% during the next 12 months. HOLD: The stock is expected to generate risk-adjusted returns of 0-10% during the next 12 months. SELL: The stock is expected to generate negative risk-adjusted returns during the next 12 months. NOT RATED: Canaccord Genuity does not provide research coverage of the relevant issuer.”

According to TipRanks.com, Morgan is a top 100 analyst with an average return of 13.3% and a 84.6% success rate. Morgan covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Retail Opportunity Investments, and Rouse Properties Inc. Common S.

Currently, the analyst consensus on Equinix is Moderate Buy and the average price target is $379.40, representing a 2.2% upside.

In a report issued on July 21, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $445 price target.