DTLK Q2 08 Results

By: ispeculatornew
Date posted: 07.16.2008 (8:44 pm) | Write a Comment  (0 Comments)

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DTLK – Datalink (NASDAQ) – (Closing Price – $4.95) 

Datalink reported solid Q2 results today and the company guided for another good quarter in Q3.

In Q2 Datalink reported revenue of 49.71 million and EPS of 0.08. Revenue improved 4% sequentially and 23% year over year. EPS increased by 0.04 sequentially and by 0.11 year over year. For Q3 Datalink gave guidance for revenue between 49 and 53 million and EPS between 0.06 and 0.10.

Datalink continues to report improvement in its financial results in a challenging economic environment and I expect the stock price to continue to trend up. The need for data storage is going to continue to increase and this bodes well for Datalink in the future.

I don’t see any reason to sell Datalink and I would continue to hold your shares.

Disclaimer: I do not have a position in DTLK.

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