Intel Results Boost Data Center Stocks

Add Your Comments

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 at large 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.