Savvis Leads Data Center Stocks Higher in April
May 4th, 2009 By: Rich Miller
April was a huge month for data center stocks, led by shares of Savvis Inc. (SVVS), which soared 83 percent as it showed progress boosting profit margins. Savvis was hardly alone, as 10 of the 13 stocks we track scored double-digit gains and seven were at least 20 percent higher. That put virtually the entire sector ahead of the Standard & Poor’s 500, which climbed 9.4 percent in April, its best performance since March 2000 at the peak of the dot-com bubble. Other big gainers included Limelight Networks (LLNW) , which was 46 percent higher for the month following the reversal of an adverse judgment in its patent battle with Akamai, and colocation providers Terremark Worldwide (up 44 percent) and Switch and Data (up 32 percent). Here’s the full list of April performance for key public companies in the data center sector.
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