Breaking: Is Buying 52-Week Stock Like Datalink Corporation a Winning Strategy?

Breaking: Is Buying 52 Week Stock Like Datalink Corporation a Winning Strategy?

The stock of Datalink Corporation (NASDAQ:DTLK) hit a new 52-week high and has $23.37 target or 119.00% above today’s $10.67 share price. The 9 months bullish chart indicates low risk for the $236.17M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $23.37 price target is reached, the company will be worth $281.04 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 83,207 shares traded hands. Datalink Corporation (NASDAQ:DTLK) has risen 48.18% since February 29, 2016 and is uptrending. It has outperformed by 35.97% the S&P500.

Analysts await Datalink Corporation (NASDAQ:DTLK) to report earnings on October, 19. They expect $0.10 EPS, down 33.33% or $0.05 from last year’s $0.15 per share. DTLK’s profit will be $2.21M for 26.68 P/E if the $0.10 EPS becomes a reality. After $0.18 actual EPS reported by Datalink Corporation for the previous quarter, Wall Street now forecasts -44.44% negative EPS growth.

Datalink Corporation (NASDAQ:DTLK) Ratings Coverage

Out of 2 analysts covering Datalink (NASDAQ:DTLK), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Datalink has been the topic of 4 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Canaccord Genuity reinitiated the stock with “Buy” rating in Tuesday, January 5 report. As per Thursday, October 22, the company rating was upgraded by Craig Hallum. The firm has “Hold” rating by Craig Hallum given on Thursday, February 25. On Friday, July 31 the stock rating was maintained by Canaccord Genuity with “Buy”.

According to Zacks Investment Research, “Datalink Corporation is an information storage architect. The company analyzes, designs, implements and supports information storage infrastructures that store, protect and provide continuous access to information. Datalink’s specialized capabilities and solutions span storage area networks, network-attached storage, direct-attached storage and IP-based storage, using industry-leading hardware, software and technical services.”

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.61, from 0.83 in 2016Q1. The ratio improved, as 8 funds sold all Datalink Corporation shares owned while 26 reduced positions. 19 funds bought stakes while 30 increased positions. They now own 16.03 million shares or 4.82% more from 15.30 million shares in 2016Q1.
Walleye Trading Ltd Co has 7,700 shares for 0% of their US portfolio. Teachers last reported 0% of its portfolio in the stock. Numeric Invsts Lc last reported 713,932 shares in the company. Moreover, Bancorp Of Montreal Can has 0% invested in Datalink Corporation (NASDAQ:DTLK) for 140,694 shares. Brandywine Global Inv Mngmt Ltd Liability Corporation accumulated 13,300 shares or 0% of the stock. Goldman Sachs Group accumulated 0% or 89,132 shares. California Public Employees Retirement Systems accumulated 0% or 135,400 shares. Eagle Glob Advisors Lc reported 25,580 shares or 0.01% of all its holdings. Nationwide Fund has invested 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK). Moreover, Vanguard Gp has 0% invested in Datalink Corporation (NASDAQ:DTLK) for 693,959 shares. Clarivest Asset Management Limited Liability Corp accumulated 84,231 shares or 0.02% of the stock. Moreover, Financial Bank Of New York Mellon Corp has 0% invested in Datalink Corporation (NASDAQ:DTLK) for 72,312 shares. Citadel Advsr Ltd Liability holds 0% or 11,467 shares in its portfolio. Bridgeway Cap Management Inc has 0.02% invested in the company for 137,400 shares. Rbf Capital accumulated 0.01% or 10,000 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 12 insider sales for $3.25 million net activity. $318,980 worth of Datalink Corporation (NASDAQ:DTLK) shares were sold by MELAND GREG R. 10,000 shares were sold by BARNUM GREGORY T, worth $80,300. 84,000 Datalink Corporation (NASDAQ:DTLK) shares with value of $674,454 were sold by LIDSKY PAUL F. Another trade for 3,000 shares valued at $24,330 was made by Westenfield Denise on Thursday, May 5.

More notable recent Datalink Corporation (NASDAQ:DTLK) news were published by: Businesswire.com which released: “Datalink Corporation to Present at the Canaccord Genuity 36th Annual Growth …” on August 04, 2016, also Businesswire.com with their article: “Datalink Corporation Announces New Human Resources Leader” published on September 02, 2014, Seekingalpha.com published: “Datalink’s Plan Isn’t Working” on March 02, 2016. More interesting news about Datalink Corporation (NASDAQ:DTLK) were released by: Equitiesfocus.com and their article: “Datalink Corporation (NASDAQ:DTLK) Long-Term PEG Ratio At 0.82” published on October 03, 2016 as well as Seekingalpha.com‘s news article titled: “Datalink Corp. (DTLK) CEO Paul Lidsky on Q2 2016 Results – Earnings Call …” with publication date: July 29, 2016.

DTLK Company Profile

Datalink Corporation, incorporated on February 8, 1963, is a well-known provider of information technology (IT) services and solutions. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage, and support. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio. The Company’s portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security.

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