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The Best And Worst Channel Company Stocks In The First Half Of 2019

Twenty of the 27 publicly held channel companies on our watch list saw the price of their stock increase in the first half of 2019 – many by hefty double-digit amounts and one that nearly doubled its stock price. Take a look at which company's stock increased the most.

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Perficient

CEO: Jeffrey Davis

Dec. 31, 2018 Close: $22.26

June 28, 2019 Close: $34.32

Change: +54.18%

Perficient, No. 59 on the CRN Solution Provider 500, has been aggressively expanding into digital transformation and digital marketing in recent years.

On May 22, Perficient completed its acquisition of Sundog Interactive, a $14 million marketing and technology consulting firm that provides Salesforce solutions for manufacturers.

For the first six months of 2019, Perficient reported revenue of $275.7 million, up 13.6 percent from $242.7 million in the first half of 2018. Net income for the six-month period was $15.6 million, up more than 44 percent from $10.8 million one year earlier.

 
 
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