Piper Jaffray Comments On InterXion 1Q11 Results

According to Piper Jaffray, InterXion (NASDAQ: INXN) released its 1Q11 results before the market open.

Piper Jaffray said that the company reported slightly better recurring revenue and adjusted EBITDA, and reaffirmed 2011 guidance. “We rate Interxion Overweight with a $19 target price. Our target is based on our multi-year discounted cash flow analysis, and works out to 8.6 times our 2012 EBITDA estimate.”

InterXion closed yesterday at $14.54.