Black Box (NASDAQ: BBOX) was downgraded by research analysts at TheStreet to a “hold” rating in a report issued on Wednesday.
Separately, analysts at Sidoti downgraded shares of Black Box from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday.
Black Box Corporation (Black Box) is a network infrastructure services provider. Black Box offers one-source network infrastructure services for communications systems. The Company’s services offerings include design, installation, integration, monitoring and maintenance of voice, data and integrated communications systems. The Company’s primary services offering is voice solutions (Voice Services); the Company also offers premise cabling and other data-related services (Data Services) and products. The Company provides technical support for all of its solutions, which encompass all voice and data product manufacturers, as well as 118,000 network infrastructure products (Hotline products) that it sells through its catalog and Internet Website (such catalog and Internet Website business, together with technical support for such business, being referred to as Hotline Services) and its Voice Services and Data Services (collectively referred to as On-Site services) offices.
Black Box traded down 3.27% on Wednesday, hitting $29.90. Black Box has a 1-year low of $19.80 and a 1-year high of $31.94. The stock has a 50-day moving average of $29.2 and a 200-day moving average of $27.57. The company has a market cap of $528.6 million and a price-to-earnings ratio of 10.96.
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