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:

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.

RELATED POSTS:

• Bargain Hunting in Data Center Stocks?
• Brutal January for Data Center Stocks
• Mixed Year for Data Center Stocks in 2007
• Mixed 3Q Results for Data Center Stocks
• Strong First Half for Data Center Stocks

About Rich Miller

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.