Datalink Corp. (DTLK) Upgraded to Buy by Zacks Investment Research
Datalink Corp. (NASDAQ:DTLK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $12.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 14.07% from the stock’s current price.
According to Zacks, “Datalink Corporation is an information storage architect. The company analyzes, designs, implements and supports information storage infrastructures that store, protect and provide continuous access to information. Datalink’s specialized capabilities and solutions span storage area networks, network-attached storage, direct-attached storage and IP-based storage, using industry-leading hardware, software and technical services. “
Shares of Datalink Corp. (NASDAQ:DTLK) traded up 2.33% on Tuesday, hitting $10.52. The stock had a trading volume of 93,740 shares. The firm has a 50 day moving average price of $10.33 and a 200-day moving average price of $9.02. The company has a market cap of $232.84 million, a price-to-earnings ratio of 30.85 and a beta of 1.37. Datalink Corp. has a 52 week low of $6.09 and a 52 week high of $10.99.
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Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company had revenue of $199.20 million for the quarter, compared to the consensus estimate of $186.59 million. Datalink Corp. had a return on equity of 5.59% and a net margin of 0.97%. During the same period in the previous year, the business posted $0.12 EPS. Analysts anticipate that Datalink Corp. will post $0.65 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Datalink Corp. by 11.7% in the second quarter. Royce & Associates LP now owns 941,047 shares of the company’s stock valued at $7,058,000 after buying an additional 98,237 shares in the last quarter. Oxford Asset Management increased its position in shares of Datalink Corp. by 6.8% in the second quarter. Oxford Asset Management now owns 113,772 shares of the company’s stock valued at $853,000 after buying an additional 7,223 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Datalink Corp. by 330.6% in the second quarter. GSA Capital Partners LLP now owns 49,885 shares of the company’s stock worth $374,000 after buying an additional 38,300 shares in the last quarter. California Public Employees Retirement System boosted its stake in Datalink Corp. by 10.5% in the second quarter. California Public Employees Retirement System now owns 135,400 shares of the company’s stock worth $1,016,000 after buying an additional 12,900 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Datalink Corp. during the second quarter worth about $595,000. 73.07% of the stock is currently owned by institutional investors.
Datalink Corp. Company Profile
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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