CoreSite Realty Corporation (COR - Free Report) has been selected by Gamblit Gaming as its first data center solution partner in the U.S. The deployment is particularly within CoreSite’s Los Angeles data center campus. This campus – comprising the One Wilshire (LA1) and LA2 data centers – has over 570,000 square feet of data center space.
CoreSite’s carrier-neutral platform of network-rich, cloud-enabled facilities has been the primary reason for this selection. Gamblit will enjoy scalability and flexibility to put up future growth. Moreover, this Los Angeles campus has a strong local customer base of more than 450 companies that includes an established gaming, media and entertainment community of interest.
Further, it has access to cloud providers like AWS, Microsoft (MSFT - Free Report) and Google, whose parent company is Alphabet Inc. (GOOG - Free Report) , within the campus; hence the deployment seems a strategic fit for Gamblit that is preparing for a great launch into casinos through the U.S.
As a matter of fact, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. These REITs have pulled in their capital and scored well on the return book.
CoreSite delivers secure, reliable, high-performance, enterprise-class data centers and interconnection solutions across eight strategic North American markets and stands well to capitalize on this trend.
CoreSite currently sports a Zacks Rank #3 (Hold). However, investors interested in the REIT industry may consider a better-ranked stock – DuPont Fabros Technology, Inc. – which holds a Zacks Rank #2 (Buy).
Confidential from Zacks
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
CoreSite Realty Corporation (COR - Free Report) has been selected by Gamblit Gaming as its first data center solution partner in the U.S. The deployment is particularly within CoreSite’s Los Angeles data center campus. This campus – comprising the One Wilshire (LA1) and LA2 data centers – has over 570,000 square feet of data center space.
CoreSite’s carrier-neutral platform of network-rich, cloud-enabled facilities has been the primary reason for this selection. Gamblit will enjoy scalability and flexibility to put up future growth. Moreover, this Los Angeles campus has a strong local customer base of more than 450 companies that includes an established gaming, media and entertainment community of interest.
Further, it has access to cloud providers like AWS, Microsoft (MSFT - Free Report) and Google, whose parent company is Alphabet Inc. (GOOG - Free Report) , within the campus; hence the deployment seems a strategic fit for Gamblit that is preparing for a great launch into casinos through the U.S.
As a matter of fact, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. These REITs have pulled in their capital and scored well on the return book.
CoreSite delivers secure, reliable, high-performance, enterprise-class data centers and interconnection solutions across eight strategic North American markets and stands well to capitalize on this trend.
CoreSite currently sports a Zacks Rank #3 (Hold). However, investors interested in the REIT industry may consider a better-ranked stock – DuPont Fabros Technology, Inc. – which holds a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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