BOX (NYSE:BOX) issued its quarterly earnings results on Tuesday. The software maker reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01), Briefing.com reports. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $174.43 million. BOX had a negative return on equity of 491.54% and a negative net margin of 20.29%. The business’s revenue was up 1040.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share.
Shares of BOX stock opened at $16.70 on Wednesday. BOX has a one year low of $12.46 and a one year high of $24.93. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -17.40 and a beta of 1.41. The company has a debt-to-equity ratio of 14.57, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $16.43 and its 200 day moving average price is $16.84.
A number of brokerages have recently issued reports on BOX. Oppenheimer lowered their price target on BOX from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. DA Davidson lifted their price target on BOX to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered BOX from a “neutral” rating to an “underweight” rating and set a $15.00 price target on the stock. in a research note on Friday, September 27th. JMP Securities lowered BOX from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 12th. Finally, Monness Crespi & Hardt reaffirmed a “hold” rating on shares of BOX in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. BOX presently has a consensus rating of “Hold” and an average target price of $19.41.
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.
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