Black Box Corporation (NASDAQ:BBOX) Announces Earnings Results
Black Box Corporation (NASDAQ:BBOX) released its earnings results on Thursday. The technology company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.34, Bloomberg Earnings reports. Black Box Corporation had a positive return on equity of 7.74% and a negative net margin of 0.83%. The business had revenue of $191.60 million during the quarter, compared to analysts’ expectations of $207.63 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year.
Black Box Corporation (NASDAQ:BBOX) traded down 2.61% on Thursday, reaching $7.45. 107,554 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $8.07 and a 200-day moving average of $9.00. Black Box Corporation has a 12-month low of $7.35 and a 12-month high of $17.05. The company’s market cap is $111.48 million.
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Separately, Sidoti raised shares of Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, June 27th.
About Black Box Corporation
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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