Black Box Corporation (BBOX) Receiving Somewhat Favorable Press Coverage, Study Shows
News stories about Black Box Corporation (NASDAQ:BBOX) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Box Corporation earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.0908253000211 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Which Analysts Are Watching Black Box Corporation (NASDAQ:BBOX)? (vothemes.com)
- Black Box Corp (BBOX) Moves 1.49% (fishinghd.com)
- Black Box Corporation (BBOX) Hits New 52-Week High (highlightpress.com)
- John S. Heller Acquires 10,000 Shares of Black Box Corporation (BBOX) Stock (americanbankingnews.com)
- BLACK BOX CORP : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
Separately, Sidoti cut Black Box Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th.
Black Box Corporation (NASDAQ BBOX) remained flat at $3.35 on Friday. 252,115 shares of the stock traded hands. Black Box Corporation has a 1-year low of $3.25 and a 1-year high of $17.05. The stock’s 50 day moving average price is $7.30 and its 200 day moving average price is $8.57. The stock’s market capitalization is $50.71 million.
Black Box Corporation (NASDAQ:BBOX) last released its earnings results on Thursday, August 10th. The technology company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.34. The firm had revenue of $191.60 million during the quarter, compared to analysts’ expectations of $207.63 million. Black Box Corporation had a negative net margin of 1.97% and a positive return on equity of 3.05%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. Analysts expect that Black Box Corporation will post ($0.69) earnings per share for the current fiscal year.
In other news, Director John S. Heller bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $4.35 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the director now directly owns 52,320 shares in the company, valued at approximately $227,592. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.
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Black Box Corporation Company Profile
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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