Savvis Leads Data Center Stocks Higher in April

Add Your Comments

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.

dc-stox-april-2009

Remember to track our Data Center Investor channel for performance updates on data center companies. For tracking individual stocks, you can use the “Companies” link in our navigation bar, or just type the company’s ticker symbol into our search box.

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.

Add Your Comments

  • (will not be published)