Data Center Stocks Bruised in First Quarter
There’s no sugarcoating it: the first quarter of 2008 was dismal for investors in data center stocks, as several years of high-flying were undone amid a broader market correction. You know things are tough when a company gets acquired and still shows a decline in its stock price for the quarter. That was the story for Bladelogic (BLOG), which was the top performer on our list with a decline of 5 percent. Next best were Rackable (RACK) and Digital Realty Trust (DLR) which tracked the Dow Industrials (down 8 percent). Here’s the rundown:
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Terremark (TMRK), DuPont Fabros (DFT) and Akamai (AKAM) had percentage losses in the teens, but all seven other companies on the list all lost at kleast a third of their value in the quarter.