Datalink Corporation (NASDAQ:DTLK) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 1, 2016
Yesterday Datalink Corporation (NASDAQ:DTLK) traded 0.00% even at $10.43. The company’s 50-day moving average is $10.26 and its 200-day moving average is $8.82. The last closing price is up 20.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 109,577 shares of the stock traded hands, down from an average trading volume of 136,619
Zacks Investment Research has downgraded Datalink Corporation (NASDAQ:DTLK) to Hold in a report released on 9/28/2016.
Previously on Wednesday March 23, 2016, Canaccord Genuity reported on Datalink Corporation (NASDAQ:DTLK) increased the target price from $9.00 to $10.00. At the time, this indicated a possible upside of 0.25%.
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Datalink Corporation has a 52 week low of $5.71 and a 52 week high of $10.74 with a P/E ratio of 31.11 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $9.10 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Datalink Corporation (NASDAQ:DTLK)
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. Its portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security. The Company's cloud services provide a foundation for services delivery models, such as IT as a service (ITaaS). These services include assessment and readiness workshops, security and migration strategies, automation, orchestration, Datalink Cloud Complete, DR Testing and X (anything) As A Service (XaaS). Its data center transformation portfolio includes technical infrastructure strategy and roadmaps, cloud strategies, IT process and management, IT operational outsourcing and managed services strategies.
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