Craig Hallum Downgrades Datalink Corp. to Hold (DTLK)
Datalink Corp. (NASDAQ:DTLK) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Datalink Corp. presently has a consensus rating of “Buy” and a consensus target price of $13.50.
Datalink Corp. (NASDAQ:DTLK) traded down 24.12% on Wednesday, hitting $9.66. 614,816 shares of the company’s stock traded hands. Datalink Corp. has a 52-week low of $10.02 and a 52-week high of $15.84. The stock’s 50-day moving average is $13.24 and its 200-day moving average is $12.43. The company has a market cap of $220.0 million and a P/E ratio of 24.48.
Datalink Corp. (NASDAQ:DTLK) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.11. The company had revenue of $139.50 million for the quarter, compared to the consensus estimate of $155.33 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Datalink Corp. will post $1.01 earnings per share for the current fiscal year.
Datalink Corporation designs, deploys, manages, and supports infrastructures, such as servers, storage and networks.
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