Brigantine Advisors comments on Enterprise Infrastructure stocks: 2009 was a difficult year for IT budgets as enterprises did more with less, leading to our expectation that an IT refresh cycle is likely for 2010. We believe key areas of IT spending will include outsourcing (collocation, cloud computing), network analysis, video delivery, and data warehousing. Our top picks for 2010 are Terremark (Nasdaq:
TMRK) and NetScout (Nasdaq:
NTCT), but we would also be buyers of Akamai (Nasdaq:
AKAM), Equinix (Nasdaq:
EQIX), and Teradata (NYSE:
TDC).
Brigantine analyst reiterates a 'Buy' rating on Terremark and NetScout, with price targets of $7.50 and $15.50, respectively.
The analyst also maintains a 'Buy' rating on Akamai, Equinix and Teradata, with price targets of $30, $120, and $32.50, respectively.
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