Zacks Investment Research upgraded shares of Datalink Corp. (NASDAQ:DTLK) from a hold rating to a buy rating in a research note published on Tuesday. The brokerage currently has $12.00 price objective on the stock.
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) opened at 10.62 on Tuesday. The company has a market capitalization of $235.05 million, a P/E ratio of 31.14 and a beta of 1.37. The company’s 50 day moving average is $10.35 and its 200 day moving average is $9.03. Datalink Corp. has a 12-month low of $6.13 and a 12-month high of $10.99.
Datalink Corp. (NASDAQ:DTLK) last announced its earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $199.20 million for the quarter, compared to the consensus estimate of $186.59 million. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. During the same period last year, the company posted $0.12 EPS. Analysts expect that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Algert Global LLC increased its stake in shares of Datalink Corp. by 11.1% in the third quarter. Algert Global LLC now owns 124,317 shares of the company’s stock valued at $1,319,000 after buying an additional 12,371 shares during the period. Schwab Charles Investment Management Inc. acquired a new stake in Datalink Corp. during the second quarter worth about $226,000. Numeric Investors LLC increased its stake in Datalink Corp. by 1,078.3% in the second quarter. Numeric Investors LLC now owns 713,932 shares of the company’s stock worth $5,354,000 after buying an additional 653,343 shares during the period. Eagle Global Advisors LLC acquired a new stake in Datalink Corp. during the second quarter worth about $192,000. Finally, Menta Capital LLC increased its stake in Datalink Corp. by 99.7% in the second quarter. Menta Capital LLC now owns 32,301 shares of the company’s stock worth $242,000 after buying an additional 16,129 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.
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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