The latest data center company taking its lumps on Wall Street is NaviSite (NAVI), whose shares traded for 25 cents late Tuesday before rebounding slightly to close at 30 cents.
It's s till been a tough month, but yesterday's record rally has helped stem the losses for data cente stocks, with strong recoveries for Digital Realty Trust (DLR) and Limelight Networks (LLNW).
As the market plunge continues, shares of data center and managed hosting companies have seen even steeper declines than the Dow and other major averages.
While much of the data center sector was seeing sharp declines in stock prices, shares of Terremark (TMRK) surged 25.8 percent in the third quarter of 2008. A roundup of the 3Q winners and losers.
After a dismal first quarter of 2008, data center stocks roared back to huge gains in the second quarter, with all nine out of 12 publicly held companies scoring double-digit gains.