Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
ePlus Technology
CEO: Mark Marron
Dec. 30, 2016: $115.20
March 31, 2017: $135.05
Change: +17.23%
On Feb. 2 ePlus Technology, No. 34 on the CRN Solution Provider 500, announced plans for a two-for-one stock split. That split was effective April 3, after the time period covered by this analysis, but will be factored into future channel stock rankings.
Also on Feb. 2 ePlus Technology said that revenue for its fiscal 2017 third quarter (ended Dec. 31, 2016) was $326.7 million, up 9.4 percent from $298.6 million in the same quarter one year earlier. Net earnings for the third quarter were $12.6 million, up 22.5 percent from $10.3 million one year earlier.