Black Box Corporation (BBOX) Receives News Sentiment Rating of 0.09

Press coverage about Black Box Corporation (NASDAQ:BBOX) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Box Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.4553909553488 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Separately, Sidoti upgraded Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, June 27th.

Shares of Black Box Corporation (NASDAQ:BBOX) traded up 0.955% on Tuesday, reaching $7.925. The company’s stock had a trading volume of 33,643 shares. Black Box Corporation has a 52-week low of $7.55 and a 52-week high of $17.05. The stock has a 50-day moving average of $8.09 and a 200 day moving average of $9.21. The company’s market cap is $118.59 million.

Black Box Corporation (NASDAQ:BBOX) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. 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 $208.10 million during the quarter, compared to analyst estimates of $207.44 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Black Box Corporation’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities research analysts forecast that Black Box Corporation will post $0.23 earnings per share for the current year.

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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.