Black Box Network Services

CEO: E.C. Sykes

Dec. 30, 2016: $15.25

March 31, 2017: $8.95

Change: -41.31%

On Jan. 24 Black Box, No. 37 on the CRN Solution Provider 500, announced that Anthony Massetti, senior vice president and chief financial officer, had resigned due to personal reasons regarding his relocation to the Pittsburgh area as originally planned. The company said his resignation was "not related to any issues regarding financial disclosures or accounting matters."

On Jan. 31 Black Box reported that revenue in its fiscal 2017 third quarter (ended Dec. 31, 2016) was $210.4 million, down 5 percent from $222.5 million in the same quarter one year earlier. Net income for the quarter was $1.3 million, down 77 percent from $5.7 million one year before.

And on Feb. 15 the company announced a $0.12 per share quarterly cash dividend and said it would activate a common stock repurchase program.