Black Box doubles up after announcing biggest deal
Jul. 6, 2018 3:00 PM ET|About: Black Box Corporation (BBOX)|By: Jason Aycock, SA News Editor
Black Box's (NASDAQ:BBOX) rebound continues after a 63% tumble on Tuesday's liquidity warning.
Shares are up 115% today, making up the entire loss from this week and hitting its highest point in nine days. The stock closed at $2.03 on Monday before falling to $0.75 Tuesday; they're back up to $2.03 currently.
The company today says it's been awarded a $10M-plus data center project for "the most well-known social media company in the world," with potential data center work that it says could total $300M or more -- the largest customer and deal in company history.
The deal marks a five- to 10-year relationship between the two, Black Box says
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