Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017

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Xerox

CEO: Jeff Jacobson

Dec. 30, 2016: $22.61

June 30, 2017: $28.73

Change: +27.07%

Xerox split into two companies effective Jan. 2, 2017, one named Xerox focused on printers and other document technology hardware with expected annual sales of $11 billion, and the other named Conduent providing business process outsourcing services with expected annual sales of $7 billion.

Xerox has implemented a pair of stock splits this year, including a 1,518-for-1,000 stock split on Jan. 3 and a 1-for-4 reverse stock split on June 15. The Dec. 30, 2016, and June 30, 201, stock prices have been adjusted accordingly.

In March Xerox unveiled 29 new printers and multifunction devices in what the company called its biggest product launch ever.

In its first quarter ended March 31 Xerox reported revenue of $2.45 billion, down 6 percent from $2.62 billion in the same period one year earlier. Net income was $16 million, down more than half from $34 million one year before.