BOX (NYSE:BOX) Issues Earnings Results

BOX (NYSE:BOX) released its quarterly earnings data on Wednesday. The software maker reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.01, Zacks reports. BOX had a negative net margin of 21.37% and a negative return on equity of 446.05%. The firm had revenue of $172.50 million during the quarter, compared to analysts’ expectations of $169.49 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year.

NYSE BOX traded up $0.27 during trading on Thursday, hitting $14.10. 635,887 shares of the company’s stock were exchanged, compared to its average volume of 1,778,544. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 10.68. The company has a market cap of $2.03 billion, a PE ratio of -14.66 and a beta of 1.36. BOX has a fifty-two week low of $12.76 and a fifty-two week high of $25.40. The stock’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $18.65.

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reduced their target price on shares of BOX from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday. ValuEngine cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Canaccord Genuity cut shares of BOX from a “buy” rating to a “hold” rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, June 4th. Raymond James cut their price objective on shares of BOX from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Morgan Stanley set a $17.00 price objective on shares of BOX and gave the stock a “hold” rating in a research report on Tuesday, June 4th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. BOX has a consensus rating of “Buy” and an average target price of $19.57.



In other BOX news, Director Josh Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $18.19, for a total transaction of $363,800.00. Following the completion of the transaction, the director now owns 3,699 shares of the company’s stock, valued at $67,284.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.02, for a total value of $270,300.00. Following the transaction, the chief financial officer now directly owns 1,084,280 shares of the company’s stock, valued at approximately $19,538,725.60. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

Further Reading: Are FAANG stocks a good investment?

Earnings History for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.