Datalink Corp. (DTLK) Issues Q4 Earnings Guidance
Datalink Corp. (NASDAQ:DTLK) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.24-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33, Stock Ratings News reports. The company issued revenue guidance of $160-170 million, compared to the consensus revenue estimate of $167.38 million.
Shares of Datalink Corp. (NASDAQ:DTLK) traded up 2.37% on Tuesday, hitting $14.25. 361,745 shares of the company’s stock traded hands. Datalink Corp. has a 52-week low of $7.02 and a 52-week high of $13.50. The stock’s 50-day moving average is $12.92 and its 200-day moving average is $11.56. The company has a market cap of $269.3 million and a P/E ratio of 27.35.
Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.11. The company had revenue of $139.60 million for the quarter, compared to the consensus estimate of $144.70 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. Analysts expect that Datalink Corp. will post $1.01 EPS for the current fiscal year.
A number of analysts have recently weighed in on DTLK shares. Analysts at Canaccord Genuity reiterated a buy rating on shares of Datalink Corp. in a research note to investors on Monday, August 19th. They now have a $16.00 price target on the stock, up previously from $14.00. Analysts at Sidoti downgraded shares of Datalink Corp. from a buy rating to a neutral rating in a research note to investors on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $14.25.
Datalink Corporation designs, deploys, manages, and supports infrastructures, such as servers, storage and networks.
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