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Enter Symbol:
Rating: BBOX
up 8.00 %

Stifel Nicolaus downgraded Black Box Corporation (NASDAQ: BBOX) to Hold

Tuesday,  Jul 21, 2009  9:25 AM ET by Dave Ficere

Stifel Nicolaus downgraded Black Box Corporation (NASDAQ: BBOX) to Hold. Previously Stifel Nicolaus rated Buy with price target $33.50 Black Box Corporation (NASDAQ: BBOX)
on 01/28/2009, when the stock price was $27.63. Since then, Black Box Corporation's stock price has gained 8% as of 07/21/2009's recent price of $29.82.
If you would have followed the previous Stifel Nicolaus's recommendation on BBOX, you would have gained 8% of your investment in 174 days.

Black Box Corporation (Black Box) is a network infrastructure services provider. Black Box offers one-source network infrastructure services for communication systems. The Company?s service offerings include design, installation, integration, monitoring and maintenance of voice, data and integrated communication systems. The Company?s primary service offering is voice solutions. The Company also offers premise cabling and other data-related services and products. The Company provides around the clock 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 and its Voice Services and Data Services (collectively On-Site services) offices. In October 2009, it acquired Quanta Systems, LLC. In addition, in October 2009, Black Box Corporation announced the acquisition of CBS Technologies Corp.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.

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