Leading data center stocks are sharply higher today as investors buy up shares of Savvis (SVVS), Internap (INAP) and Rackspace (RAX) in the wake of Verizon’s $1.4 billion deal to acquire cloud hosting specialist Terremark.
Oh boy. Jim Cramer's talking about data center stocks again. So let's look at his track record. For all those investors that followed Cramer's "sell, sell, sell" recommendation in Oct. 2009, here's what you missed.
Investor disappointment over earnings at F5 Networks (FFIV) spilled over into shares of other companies whose fortunes are tied to the growth of cloud computing, including Rackspace (RAX) and Terremark (TMRK).
Equinix (EQIX) is seeing strong growth in its Asia/Pacific and European businesses, and the Switch and Data deal means less new construction will be required to support additional customer growth in the U.S.