According to Zacks, “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. “
Shares of Datalink Corp. (NASDAQ:DTLK) opened at 10.66 on Wednesday. The firm’s 50-day moving average price is $10.28 and its 200-day moving average price is $8.86. The firm has a market cap of $235.94 million, a price-to-earnings ratio of 31.26 and a beta of 1.37. Datalink Corp. has a 52 week low of $5.96 and a 52 week high of $10.74.
Datalink Corp. (NASDAQ:DTLK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm earned $199.20 million during the quarter, compared to analysts’ expectations of $186.59 million. Datalink Corp. had a return on equity of 5.59% and a net margin of 0.97%. During the same quarter last year, the firm earned $0.12 earnings per share. Equities research analysts expect that Datalink Corp. will post $0.65 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Datalink Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,203,731 shares of the company’s stock worth $29,282,000 after buying an additional 88,043 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Datalink Corp. by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,915,019 shares of the company’s stock worth $14,363,000 after buying an additional 32,023 shares during the last quarter. Royce & Associates LP boosted its stake in Datalink Corp. by 11.7% in the second quarter. Royce & Associates LP now owns 941,047 shares of the company’s stock worth $7,058,000 after buying an additional 98,237 shares during the last quarter. Numeric Investors LLC boosted its stake in Datalink Corp. by 1,078.3% in the second quarter. Numeric Investors LLC now owns 713,932 shares of the company’s stock worth $5,354,000 after buying an additional 653,343 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Datalink Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 693,959 shares of the company’s stock worth $5,204,000 after buying an additional 26,989 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
About Datalink Corp.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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