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Last $9.49 USD
Change Today -0.02 / -0.21%
Volume 86.5K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

datalink corp (DTLK) Snapshot

Open
$9.50
Previous Close
$9.51
Day High
$9.62
Day Low
$9.42
52 Week High
12/8/14 - $13.74
52 Week Low
05/6/15 - $8.77
Market Cap
221.3M
Average Volume 10 Days
87.2K
EPS TTM
$0.51
Shares Outstanding
23.3M
EX-Date
--
P/E TM
18.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for DATALINK CORP (DTLK)

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datalink corp (DTLK) Details

Datalink Corporation provides data center services and solutions. The company engages in the assessment, design, deployment, management, and support of unified infrastructures, such as servers, storage, and networks to midsize and large companies; and leverage hardware and software from original equipment manufacturers. It offers a portfolio of solutions and services comprising consolidation and virtualization that enables organizations to share server and storage resources; data storage and protection solutions, which include network-attached, direct-attached, and private cloud-based storage, local and remote backup, disaster recovery, archive, and compliance; and business continuity and disaster recovery solutions. In addition, the company provides advanced network infrastructures services, including an assessment of a customer's current network design, recommendations for improvement, and a roadmap for migrating to a consolidated and converged network; and contracts administration services. Further, it offers a suite of practice-specific consulting, analysis, design, implementation, management, and support services. The company markets and sells its products and services through direct sales force in the United States. Datalink Corporation was founded in 1958 and is headquartered in Eden Prairie, Minnesota.

674 Employees
Last Reported Date: 03/13/15
Founded in 1958

datalink corp (DTLK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $485.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $340.0K
Chief Operating Officer
Total Annual Compensation: $360.0K
Chief Accounting Officer, Vice President, Cor...
Total Annual Compensation: $165.0K
Executive Vice President of Human Resources
Total Annual Compensation: $86.7K
Compensation as of Fiscal Year 2014.

datalink corp (DTLK) Key Developments

Datalink Corporation Enters into Second Amendment to Credit Agreement

On May 21, 2015, Datalink Corporation entered into the second amendment to credit agreement (Second Amendment), which amended its existing line of credit agreement with Castle Pines Capital LLC, an affiliate of Wells Fargo Bank, National Association. The Second Amendment provides an increase of $25.0 million to the company's existing channel finance facility and revolving facility for a maximum combined aggregate borrowing amount of $75.0 million. The amounts outstanding under the revolving facility will continue to bear interest at a per annum rate of LIBOR plus 2%. Advances under the channel finance facility will continue to bear no interest so long as they are paid by the applicable payment due date; advances that remain outstanding after the applicable payment due date will continue to bear interest at a per annum rate of LIBOR plus 4%.

Datalink Announces Multimillion-Dollar Pure Storage Flashstack Contract

Datalink announced a $5 million contract with a global compliance solution provider for PureStorage’s all-flash FlashStack CI converged infrastructure solution and related professional and support services. The contract marks Datalink’s largest transaction to date of the five-month-old, flash storage-based FlashStack CI offering and the latest example of the value of converged data center infrastructure merging storage, compute and networking in driving company growth. The contract covers the FlashStack solution, including Pure Storage FlashArray 400 Series storage arrays, Cisco UCS Blade Servers and Cisco Nexus switches, as well as project management, design, deployment and single-call support from Datalink’s OneCall Support Services. The new converged infrastructure will replace aging storage, compute, and network technologies, simplify IT operations, reduce costs, and transition the client to a high-performance flash storage environment for its mission-critical workloads. The client will also gain greater scalability and agility to support ongoing organic and merger-based growth. In addition, Datalink will help the client enhance its disaster recovery capabilities by leveraging PureStorage FlashRecover for site-to-site data replication and failover capabilities between the client’s production and secondary data centers more than 1,400 miles apart.

Datalink Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Datalink Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total net sales of $175.352 million against $139.535 million a year ago. Loss from operations was $8,000 against $0.413 million a year ago. Earnings before income taxes were $0.023 million against $0.482 million a year ago. Net loss was $0.014 million or $0.00 per basic and diluted share against net earnings of $0.301 million or $0.01 per basic and diluted share a year ago. Non-GAAP earnings from operations were $3.969 million against $2.044 million a year ago. Non-GAAP net earnings were $2.361 million or $0.11 per basic and diluted share against $1.232 million or $0.06 per basic and diluted share a year ago. Net cash provided by operating activities was $1.666 million against $2.184 million a year ago. Purchases of property and equipment were $1.216 million against $0.414 million a year ago. The decline in earnings is primarily due to the costs associated with integration and amortization of intangibles related to Bear Data Solutions acquisition and lower overall gross margins for the quarter. For the second quarter of 2015, the company projects revenues of $185.0 million to $195.0 million compared to $159.4 million for the second quarter of 2014. This represents an increase in expected revenues of between 16% and 22%, based on the company’s current backlog, sales pipeline, historical trends, and expected continued softness in storage spending countered by continued growth in their networking and services business during the quarter. The company expects second quarter 2015 net earnings to be between $0.07 and $0.12 per diluted share on a GAAP basis, and net earnings of between $0.16 and $0.21 per diluted share on a non-GAAP basis. This compares to net earnings of $0.16 per diluted share and $0.22 per diluted share on a GAAP and non-GAAP basis, respectively, for the same period in 2014. Non-GAAP earnings per share exclude the effect of acquisition accounting adjustments to deferred revenue and costs, integration and transaction costs related to acquisitions, stock-based compensation expense, amortization of intangible assets, and the related effects on income taxes. The company estimates this total effect will be approximately $0.09 per diluted share for the second quarter of 2015.

 

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Industry Analysis

DTLK

Industry Average

Valuation DTLK Industry Range
Price/Earnings 19.4x
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 12.4x
TEV/Sales 0.2x
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