Good News For RAX, TMRK And SVVS At Light Reading's Ethernet Expo

In a report released this morning, Oppenheimer said that at the Light Reading's Ethernet Expo in New York, highlights included how advanced networking technologies are driving a number of key trends in the Internet Services industry.

“Importantly, the ongoing enterprise adoption of cloud computing is predicated on secure networking connections such as high-bandwidth ethernet; public internet access is simply not reliable or secure enough for business-critical applications,” Oppenheimer writes.

“The recurring theme of the conference was the need for a hybrid architecture to support differing enterprise use cases, which bodes well for portfolios of solutions offered by Rackspace Hosting, Inc. (NYSE: RAX), Terremark Worldwide, Inc. (NASDAQ: TMRK) and SAVVIS, Inc. (NASDAQ: SVVS).”

Rackspace Hosting, Inc. currently trades at $26.29; Terremark Worldwide, Inc. trades at $11.72; and SAVVIS, Inc. trades at $24.03.