Canaccord Genuity Assumes Coverage on Datalink Corporation (DTLK) at Buy; Accelerates Progress Toward Target Model
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Price: $11.24 --0%
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity assumes coverage on Datalink Corporation (NASDAQ: DTLK) with a Buy. PT $12.00.
Canaccord analyst, Bobby Burleson, says, "We are assuming coverage of Datalink. We reiterate our BUY rating and are maintaining our price target of $12, or 13.5x our positively revised 2012 EPS estimate of $0.87. Datalink continues to benefit from solid execution and the data center consolidation trend with its unified storage, server and networking offering. We view the trend as favorable to Datalink for the next several years."
"We have positively revised our estimates and are now modeling for revenue of $378M (+29% Y/Y) in 2011 with $0.80 in EPS vs. our prior $0.74 estimate. For 2012 we are modeling revenue of $464M (+$58M) with EPS of $0.87 vs. our prior $0.80 estimate."
For more ratings news on Datalink Corporation click here and for the rating history of Datalink Corporation click here.
Shares of Datalink Corporation closed at $9.14 yesterday.
Canaccord analyst, Bobby Burleson, says, "We are assuming coverage of Datalink. We reiterate our BUY rating and are maintaining our price target of $12, or 13.5x our positively revised 2012 EPS estimate of $0.87. Datalink continues to benefit from solid execution and the data center consolidation trend with its unified storage, server and networking offering. We view the trend as favorable to Datalink for the next several years."
"We have positively revised our estimates and are now modeling for revenue of $378M (+29% Y/Y) in 2011 with $0.80 in EPS vs. our prior $0.74 estimate. For 2012 we are modeling revenue of $464M (+$58M) with EPS of $0.87 vs. our prior $0.80 estimate."
For more ratings news on Datalink Corporation click here and for the rating history of Datalink Corporation click here.
Shares of Datalink Corporation closed at $9.14 yesterday.
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