InterXion Reports Solid Revenue Growth; Benchmark Maintains PT

According to a research report this morning, InterXion INXN reports a 14% revenue growth for 1Q12 yet the research firm, Benchmark maintains its $20 PT and Buy rating. Benchmark explains, “We have three takeaways: 1) InterXion focuses its marketing on developing communities of interest by geography, and believes this creates customer stickiness and long-term value; 2) While InterXion has not completed any acquisitions, it is open to entering new continents via purchases; and 3) InterXion is unlikely to pursue a REIT structure any time soon.” InterXion closed Friday at $16.08.