Datalink Corp. (NASDAQ:DTLK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Datalink Corp. (NASDAQ:DTLK) opened at 10.61 on Wednesday. The stock has a market cap of $234.83 million, a price-to-earnings ratio of 31.11 and a beta of 1.53. Datalink Corp. has a 12-month low of $5.60 and a 12-month high of $10.74. The company’s 50 day moving average price is $10.25 and its 200-day moving average price is $8.80.
Datalink Corp. (NASDAQ:DTLK) last posted its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The business had revenue of $199.20 million for the quarter, compared to analyst estimates of $186.59 million. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts forecast that Datalink Corp. will post $0.65 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new position in shares of Datalink Corp. during the second quarter worth approximately $226,000. Numeric Investors LLC raised its position in shares of 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 in the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Datalink Corp. during the second quarter worth approximately $192,000. Menta Capital LLC raised its position in shares of 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 in the last quarter. Finally, State Street Corp raised its position in shares of Datalink Corp. by 14.4% in the second quarter. State Street Corp now owns 322,957 shares of the company’s stock worth $2,425,000 after buying an additional 40,747 shares in the last quarter. 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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