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Boxlight (BOXL) Buys Interactive Concepts, Eyes Western Europe
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Boxlight Corporation (BOXL - Free Report) yesterday announced that it has acquired Belgium-based Interactive Concepts for a total of roughly $3.3 million that includes cash, common stock and deferred consideration.
Interactive Concepts distributes AV and IT products and is a leader in the Belgian market. The company has been Boxlight’s key distributor in Belgium and Luxembourg.
Notably, Boxlight’s shares have gained a huge 684.2% over the past year, well ahead of the 51.9% rise of the industry it belongs to and 62.8% rally of the Zacks S&P 500 composite.
How Will Boxlight Benefit?
The acquisition is expected to expand the footprint of Boxlight’s Clevertouch brand and grow its distribution network across Western Europe. Interactive Concept partners and end-user customers will have direct contact with the Clevertouch team and be able to influence new Clevertouch products.
Michael Pope, chairman and CEO at Boxlight, stated that the acquisition will help the company gain greater control over messaging and adoption of its Clevertouch solutions, strengthen relationships with reseller partners and end users, and considerably improve profit margins.
The long-term expected earnings per share (three to five years) growth rate for ExlService, Charles River, Gartner and Blucora is pegged at 9.4%, 13%, 13.5% and 15%, respectively.
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If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
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Boxlight (BOXL) Buys Interactive Concepts, Eyes Western Europe
Boxlight Corporation (BOXL - Free Report) yesterday announced that it has acquired Belgium-based Interactive Concepts for a total of roughly $3.3 million that includes cash, common stock and deferred consideration.
Interactive Concepts distributes AV and IT products and is a leader in the Belgian market. The company has been Boxlight’s key distributor in Belgium and Luxembourg.
Notably, Boxlight’s shares have gained a huge 684.2% over the past year, well ahead of the 51.9% rise of the industry it belongs to and 62.8% rally of the Zacks S&P 500 composite.
How Will Boxlight Benefit?
The acquisition is expected to expand the footprint of Boxlight’s Clevertouch brand and grow its distribution network across Western Europe. Interactive Concept partners and end-user customers will have direct contact with the Clevertouch team and be able to influence new Clevertouch products.
Michael Pope, chairman and CEO at Boxlight, stated that the acquisition will help the company gain greater control over messaging and adoption of its Clevertouch solutions, strengthen relationships with reseller partners and end users, and considerably improve profit margins.
Key Picks
Some service stocks worth considering include ExlService (EXLS - Free Report) , Charles River Associates (CRAI - Free Report) , Gartner, Inc. (IT - Free Report) and Blucora , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for ExlService, Charles River, Gartner and Blucora is pegged at 9.4%, 13%, 13.5% and 15%, respectively.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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