The second quarter of 2009 saw exceptional returns for leading public companies in the data center sector, as virtually the entire industry outperformed the major indices and several players posted triple-digit gains.
The biggest gains for the quarter ending June 30 were seen in the shares that were battered in recent quarters, including Navisite (+242 percent), Terremark Worldwide (+115 percent), and Savvis and Rackspace (each up 85 percent). By way of comparison, the Dow Jones Industrials gained 11 percent in the second quarter, the best showing for the bellwether index since 2003.
The sector's strong results hold up when we look at the first half of 2009.
Once again, the stocks rebounding off their lows have impressive short-term gains, with data center REIT DuPont Fabros Technology (DFT) leading the pack with a six-month gain og 355 percent, while Navisite (NAVI) and Rackspace (RAX) also had triple-digit gains. The entire sector is solidly in the black for the first half, while the Dow was down 3.8 percent. Here's our performance chart for the first six months of 2009:
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