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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorReiterationAnalyst RatingsThe Benchmark Company
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!