The stock of Datalink Corporation (NASDAQ:DTLK) hit a new 52-week high and has $11.87 target or 6.00% above today’s $11.20 share price. The 5 months bullish chart indicates low risk for the $251.79 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $11.87 price target is reached, the company will be worth $15.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $11.2 per share. It is down 38.61% since April 28, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.
Analysts await Datalink Corporation (NASDAQ:DTLK) to report earnings on February, 22. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. DTLK’s profit will be $3.60 million for 17.50 P/E if the $0.16 EPS becomes a reality. After $0.03 actual earnings per share reported by Datalink Corporation for the previous quarter, Wall Street now forecasts 433.33% EPS growth.
Datalink Corporation (NASDAQ:DTLK) Ratings Coverage
Out of 2 analysts covering Datalink (NASDAQ:DTLK), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Datalink has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, November 8. As per Thursday, February 25, the company rating was downgraded by Craig Hallum. The stock has “Buy” rating given by Craig Hallum on Thursday, October 22. As per Tuesday, January 5, the company rating was reinitiated by Canaccord Genuity. The stock has “Buy” rating given by Canaccord Genuity on Friday, July 31.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.88 in Q2 2016. Its up 1.44, from 1.44 in 2016Q1. The ratio is positive, as 8 funds sold all Datalink Corporation shares owned while 26 reduced positions. 19 funds bought stakes while 30 increased positions. They now own 16.03 million shares or 4.82% more from 15.30 million shares in 2016Q1.
Chicago Equity Prtn Lc accumulated 0.02% or 94,600 shares. Perkins Mgmt Incorporated has 50,000 shares for 0.43% of their US portfolio. Spark Invest Mgmt Ltd Liability accumulated 67,800 shares or 0.05% of the stock. Blackrock Llc has 197,272 shares for 0% of their US portfolio. Mckinley Capital Management Ltd Liability Corp Delaware accumulated 0.08% or 217,672 shares. Bnp Paribas Arbitrage Sa reported 780 shares or 0% of all its holdings. Citadel Advsr Ltd Liability Corporation accumulated 0% or 11,467 shares. Acadian Asset Management Limited Liability Corp has 0.02% invested in the company for 446,960 shares. D E Shaw &, a New York-based fund reported 144,893 shares. Jpmorgan Chase Com holds 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK) for 180,925 shares. Paradigm Mgmt Inc has invested 0.1% of its portfolio in Datalink Corporation (NASDAQ:DTLK). Horrell Management holds 5.1% of its portfolio in Datalink Corporation (NASDAQ:DTLK) for 898,800 shares. Moreover, Cornerstone Capital Management has 0% invested in Datalink Corporation (NASDAQ:DTLK) for 56,400 shares. Geode Ltd Liability owns 132,233 shares or 0% of their US portfolio. Menta Capital Ltd Company holds 32,301 shares or 0.03% of its portfolio.
More recent Datalink Corporation (NASDAQ:DTLK) news were published by: Profitconfidential.com which released: “DTLK Stock: Is Datalink Corporation a Potential Buyout Target?” on November 28, 2016. Also Prnewswire.com published the news titled: “Datalink Corporation Acquisition May Not Be in the Best Interests of DTLK …” on November 09, 2016. Businesswire.com‘s news article titled: “Datalink Corporation to Present at the Needham Next-Gen Storage/Networking …” with publication date: October 25, 2016 was also an interesting one.
DTLK Company Profile
Datalink Corporation, incorporated on February 8, 1963, is a well-known provider of information technology (IT) services and solutions. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage, and support. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio. The Company’s portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security.
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