Time To Buy This $10 Cloud Computing Stock
By Bret Jensen:The move to cloud computing has enabled significant data center growth and demand for virtual services as well as storage solutions. This trend should continue for the foreseeable future. One stock poised to benefit from this theme that looks undervalued at current prices is Datalink (DTLK).Datalink - "Datalink Corporation data center solutions and services to mid and large-size companies in the United States. It engages in assessing, designing, deploying, and supporting infrastructures, such as servers, storage, and networks; and reselling hardware and software from original equipment manufacturers". (Business Description from Yahoo Finance)7 reasons Datalink is undervalued at just under $10 a share:
- It is poised to grow earnings at a good clip over the next couple of years. The company earned 80 cents a share in FY2011 and analysts have it making $.92 a share in FY2012 and $1.08 in FY2013.
- The stock is selling at just over