The stock of Black Box Corporation (NASDAQ:BBOX) is a huge mover today! About 66,816 shares traded hands. Black Box Corporation (NASDAQ:BBOX) has declined 1.68% since March 7, 2016 and is downtrending. It has underperformed by 9.27% the S&P500.
The move comes after 6 months positive chart setup for the $204.36 million company. It was reported on Oct, 10 by Barchart.com. We have $39.75 PT which if reached, will make NASDAQ:BBOX worth $380.11M more.
Analysts await Black Box Corporation (NASDAQ:BBOX) to report earnings on October, 25.
According to Zacks Investment Research, “Black Box Corporation is a leading worldwide provider of technical network services and related products to businesses of all sizes. Black Box differentiates itself from its competitors through unparalleled levels of technical support and its private label brand, BLACK BOX(R). The Black Box brand has earned a reputation for high quality and reliability since the BBOX was founded.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.12, from 1.22 in 2016Q1. The ratio dived, as 10 funds sold all Black Box Corporation shares owned while 32 reduced positions. 10 funds bought stakes while 36 increased positions. They now own 13.53 million shares or 3.41% less from 14.01 million shares in 2016Q1.
New York State Common Retirement Fund holds 109,913 shares or 0% of its portfolio. Fmr Ltd holds 0% or 1.80M shares in its portfolio. Ls Investment Advisors Limited Liability has 0% invested in the company for 513 shares. Legal General Public Limited holds 2,891 shares or 0% of its portfolio. Jpmorgan Chase And has invested 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX). Panagora Asset Management Inc accumulated 0% or 11,896 shares. Gemmer Asset Lc holds 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 75 shares. Amg National Fincl Bank holds 0.02% or 20,130 shares in its portfolio. Bogle Invest Mgmt Limited Partnership De accumulated 0.07% or 79,148 shares. Vanguard Group Inc accumulated 0% or 759,357 shares. The Massachusetts-based Geode Cap Limited Liability has invested 0% in Black Box Corporation (NASDAQ:BBOX). Bragg Fincl Advisors has 0.06% invested in the company for 27,300 shares. Teachers Advisors, a New York-based fund reported 25,120 shares. Tower Rech Capital Ltd Company (Trc) has 385 shares for 0% of their US portfolio. California Employees Retirement System last reported 0% of its portfolio in the stock.
More notable recent Black Box Corporation (NASDAQ:BBOX) news were published by: Bizjournals.com which released: “Black Box Corp. names new CEO” on February 09, 2016, also Quotes.Wsj.com with their article: “News Black Box Corp.BBOX” published on February 12, 2011, Businesswire.com published: “Black Box Corporation Acquires Technology and Development Team from Cloudium …” on April 11, 2016. More interesting news about Black Box Corporation (NASDAQ:BBOX) were released by: Businesswire.com and their article: “Black Box Corporation to Announce Second Quarter of Fiscal 2017 Financial …” published on October 05, 2016 as well as Businesswire.com‘s news article titled: “Black Box Corporation Announces CEO Transition” with publication date: December 23, 2015.
BBOX Company Profile
Black Box Corporation, incorporated on June 9, 1987, is a technology solutions provider. The Firm 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. Offerings under its Services platform include unified communications, data infrastructure and managed services. The Firm conducts business globally and manages its business on a geographic-service type basis consisting of four divisions: North America Products, North America Services, International Products and International Services. The offerings of its Products platform are distributed through value-added resellers, direct marketing manufacturers, mass merchandisers, Web retailers and others. The offerings of its Services platform are distributed through value-added resellers, manufacturers, large system integrators and other technical services companies.
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