Datalink Corp. Price Target Lowered to $15.00 at Canaccord Genuity (DTLK)
Research analysts at Canaccord Genuity lowered their price objective on shares of Datalink Corp. (NASDAQ:DTLK) from $17.00 to $15.00 in a report released on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 17.69% from the company’s current price.
DTLK has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC cut their price target on shares of Datalink Corp. from $16.00 to $12.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Craig Hallum downgraded shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $13.50.
Shares of Datalink Corp. (NASDAQ:DTLK) traded down 24.27% during mid-day trading on Wednesday, hitting $9.64. 613,706 shares of the company’s stock traded hands. Datalink Corp. has a one year low of $10.02 and a one year high of $15.84. The stock has a 50-day moving average of $13.24 and a 200-day moving average of $12.43. The company has a market cap of $219.5 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 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Datalink Corp. will post $1.01 EPS for the current fiscal year.
Datalink Corporation designs, deploys, manages, and supports infrastructures, such as servers, storage and networks.
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