Intel Results Boost Data Center Stocks

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An upbeat earnings report and forecast from Intel (INTC) gave a lift to the technology sector in trading on Wall Street today, with data center specialists having a particularly strong session, gaining between 5 and 10 percent on the day. Here’s a recap of the gainers in the sector:

  • Switch and Data (SDXC) added 92 cents a share to $10.92, and improvement of 9.2 percent.
  • Terremark (TMRK) rose 49 cents a share to $6.13, an improvement of 8.7 percent.
  • Navisite (NAVI) improved by 23 cents per share to close at $3.28, an increase of 7.5 percent on the day.
  • Shares of Savvis (SVVS) gained 7.1 percent, rising $1.13 to $16.99 a share.
  • Digital Realty Trust (DLR) moved $2.02 higher to $38.79, up 5.5 percent.
  • Equinix (EQIX) improved by $3.76 per share to close at $73.65, up 5.4 percent on the session.
  • Level 3 (LVLT) added 10 cents a share to $2.13, an improvement of 4.9 percent.

Tech shares are likely to get a further boost from IBM’s earnings report after the market close. Big Blue (IBM) said its first quarter net income rose 26 percent to $2.32 billion, exceeding analysts’ expectations.

About the Author

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.