Needham & Company Maintains a 'Buy' on Datalink Corp (DTLK); Q1 Preview: Strong Business Momentum Continues

Needham & Company maintains a 'Buy' on Datalink Corporation (NASDAQ: DTLK) price target of $13.00.

Analyst, Glenn Hanus, said, "DTLK appears well positioned to continue benefiting from next-gen datacenter refresh and strategic projects. DTLK has been broadening and enhancing its storage expertise to include servers, IP networking/fabric convergence and virtualization, which is resulting in stronger revenue growth (increasing rev./customer) and operating leverage. Incentra acquisition (Dec.’09) and Midwave acquisition (Oct.’11) advance this datacenter solution agenda. Company execution appears solid with operating leverage evident. No exposure to EMEA/APJ, Public Sector or large Banks."

"We believe DTLK is on track to at least meet our (and Street) 1Q EPS of $0.16 on $112M (Guide $0.13-0.18 on $108-116M)."

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 $9.54 yesterday.

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