Somewhat Favorable News Coverage Somewhat Unlikely to Impact Black Box (BBOX) Share Price
Media stories about Black Box (NASDAQ:BBOX) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Box earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.9808280694977 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Black Box (NASDAQ:BBOX) traded down $0.15 during trading on Tuesday, hitting $3.35. 418,200 shares of the stock traded hands, compared to its average volume of 206,336. Black Box has a 52-week low of $2.85 and a 52-week high of $17.05. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.97.
Black Box (NASDAQ:BBOX) last released its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm had revenue of $194.20 million for the quarter, compared to analysts’ expectations of $193.85 million. Black Box had a negative net margin of 2.69% and a negative return on equity of 2.71%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share.
Separately, Sidoti cut shares of Black Box from a “buy” rating to a “neutral” rating in a report on Friday, August 11th.
In other news, insider Joel T. Trammell purchased 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $3.95 per share, with a total value of $177,750.00. Following the completion of the acquisition, the insider now owns 77,320 shares in the company, valued at approximately $305,414. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.
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About Black Box
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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