Needham & Company Remains Bullish Despite Datalink (DTLK) 1Q Shortfall
Get Alerts DTLK Hot Sheet
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Needham & Company maintain their Buy rating for Datalink Corp. (NASDAQ: DTLK), yet lower the price target to $13 (from $14) after a modest Q1 shortfall. DTLK reduced their guidance, and are indicative of a broad storage industry already presented.
Needham and Company analyst Richard Kugele adds that, "we believe DTLK's 1Q performance/guide confirms the already known state of things. We believe this outlook reset now incorporates the networking dominance in the business, the near-term headwinds, and leaves the leverage opportunities at Bear as upside. We maintain our Buy, lowering our PT to $13 from $14 on 13x NTM EPS plus net cash."
For an analyst ratings summary and ratings history on Datalink Corporation click here. For more ratings news on Datalink Corporation click here.
Shares of Datalink Corporation closed at $11.89 yesterday.
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