Datalink Corp. (DTLK) Lowered to Hold at Zacks Investment Research
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 10.43 on Wednesday. The company has a 50 day moving average price of $10.23 and a 200-day moving average price of $8.78. Datalink Corp. has a 52 week low of $5.60 and a 52 week high of $10.74. The firm has a market capitalization of $230.85 million, a price-to-earnings ratio of 30.59 and a beta of 1.53.
Datalink Corp. (NASDAQ:DTLK) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The business earned $199.20 million during the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.12 EPS. Equities analysts predict that Datalink Corp. will post $0.65 earnings per share for the current year.
Several institutional investors have recently modified their holdings of DTLK. Schwab Charles Investment Management Inc. acquired a new position in shares of Datalink Corp. during the second quarter valued at about $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 valued at $5,354,000 after buying an additional 653,343 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Datalink Corp. during the second quarter valued at about $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 valued at $242,000 after buying an additional 16,129 shares during 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 valued at $2,425,000 after buying an additional 40,747 shares during the last quarter. 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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