A Nearly Even Split Between Stock Gainers And Losers In Q1
Nearly all of the publicly traded solution providers and distributors tracked by CRN rode the Wall Street wave in 2013 to double-digit increases in their stock prices. But the markets have been more ambiguous lately with the Dow Jones Index down 0.72 percent and the Nasdaq up 0.54 percent between Dec. 31 and March 31. Likewise, of the 25 publicly traded solution providers and distributors on our list, 12 recorded increases in their stock prices and 13 saw the value of their shares drop.
Stock prices and financial performance here seemingly have little to do with each other. Perficient, which reliably reports sales and income growth, showed the biggest share-price drop in the quarter. Systemax, which reported revenue and income declines in its fourth quarter, had the second largest stock-price gain among companies on our list.
Here's a look at who was up and who was down in the first quarter of 2014, based on stock closing prices between Dec. 31, 2013 and March 31, 2014.