DTLK – Datalink (Nasdaq) (Closing price on Friday, 11/30/07 – $4.29)
Datalink has had a couple of rough quarters since my initial recommendation but the company returned to profitability last quarter and gave decent guidance for next quarter.
In Q3 of 2007 Datalink reported revenue of 45.9 million and earnings per diluted share of $0.07. Revenues were up sequentially and Datalink reported its first profit since Q4 of 2006.
For the upcoming quarter Datalink gave guidance for revenue between 47 and 52 million and EPS between $0.06 and $0.11. Datalink reported that their backlog was down to 25 million from 30 million in the previous quarter. However, the CEO stated he was “cautiously optimistic that we will see more aggressive storage spending … as many of our customers take advantage of the availability of year end budget dollars”. (more…)




Any Stock Suggestions?
One of the reasons I created this website was to help empower the small investor. I think individual investors who do their due diligence can pick stocks just as well as the so called pros.
Therefore, once every month or two I will have a post dedicated to stock suggestions. If you know of any stocks that you think are good investments feel free to post a comment with the stock’s name and why you think the share price will go up. You can help other small investors by informing them of quality stocks that may not be on their radar.
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