Needham & Company Maintains a 'Buy' on Datalink Corp (DTLK); Lengthening Sales Cycles

Needham & Company maintains a 'Buy' on Datalink Corporation (NASDAQ: DTLK) price target of $12.50 (from $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 and OPEX 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, Public Sector or large Banks."

FY13 EPS estimate lowered from $1.14 to $1.10.

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 $9.29 yesterday.

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