Shares of Exodus Communications (Nasdaq: EXDS), which provides hosting services for online businesses, gained 10-15/16 to 132-1/2 Wednesday after the company announced an alliance with e-commerce applications provider OpenSales. Under the terms of the deal, OpenSales will refer its customers to Exodus for hosting and related managed services.
Shares of Exodus have been on a tear in the past year. The stock is trading at more than 14.5 times its 52-week low. Exodus has quietly become an Internet infrastructure force, now commanding an impressive market value of more than $22.5 billion.