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Enter Symbol:
Rating: BBOX
Neutral $32
down 9.00 %

Next Generation downgraded Black Box Corporation (NASDAQ: BBOX) to Neutral with price target $32

Wednesday,  Oct 28, 2009  10:25 AM ET by Lynn Gilbert

Next Generation downgraded Black Box Corporation (NASDAQ: BBOX) to Neutral with price target $32. Previously, Next Generation rated Black Box Corporation (NASDAQ: BBOX) to Buy with
price target $36 on 05/22/2009, when the stock price was valued at $29.57. Since then, Black Box Corporation's stock price has lost 9% as of 10/28/2009's recent price of $27.01.
If you had followed Next Generation's previous recommendation on BBOX, you would have lost 9% of your investment in 159 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.

Next Generation Equity Research, LLC is an equity research boutique focused on the needs of the institutional investor. Our mission is to provide unbiased, idea-driven research on small to mid cap-sized companies.

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