Datalink: Strong Q4 report, on track for continued strength in 2012 - Needham (9.60 -0.55)
Needham says 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 while improving its growth trajectory and operating leverage. Incentra acquisition (Dec.'09) and Midwave acquisition (Oct.'11) advance this datacenter solution agenda. Firm says the co's execution appears solid with operating leverage evident. No exposure to EMEA, Public Sector or large Banks somewhat shelters DTLK from current macro concerns.