Dougherty & Co Starts Datalink (DTLK) at Buy; Expanded Cloud Offerings
December 21, 2011 10:21 AM EST
Dougherty & Co initiates coverage on Datalink (NASDAQ: DTLK) with a Buy. PT $13.00.
Dougherty analyst said, "Over the past two years the company has expanded its product capabilities from its storage base to include server and switching capabilities. With this broader product portfolio and a robust consulting organization, the company is well positioned, in our opinion, to help enterprises implement increasingly complicated infrastructure projects. The proliferation of data center virtualization amplifies the need for IT solutions that integrate solutions from multiple vendors. Planning, architecting, and supporting such implementations also becomes more critical. The company has also executed an expansion strategy focused on regional expansion through targeted acquisitions. We believe this strategy will continue to drive significant growth."
For an analyst ratings summary and ratings history on Datalink click here. For more ratings news on Datalink click here.
Shares of Datalink closed at $8.03 yesterday, with a 52 week range of $4.30-$11.50.