BOX (NYSE:BOX) Updates FY25 Earnings Guidance

BOX (NYSE:BOX) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of ~$1.70 for the period, compared to the consensus earnings per share estimate of $1.67. The company issued revenue guidance of ~$1.090 billion, compared to the consensus revenue estimate of $1.09 billion. BOX also updated its FY 2025 guidance to 1.700-1.700 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BOX. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. UBS Group raised their target price on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.22.

BOX Stock Performance

NYSE BOX traded down $0.69 on Tuesday, hitting $34.42. 2,612,247 shares of the stock were exchanged, compared to its average volume of 1,991,854. The stock has a fifty day moving average price of $33.04 and a two-hundred day moving average price of $29.79. The firm has a market capitalization of $4.93 billion, a P/E ratio of 43.56 and a beta of 0.86. BOX has a 52-week low of $23.29 and a 52-week high of $35.74.

Insiders Place Their Bets

In other news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at $47,951,032.68. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock valued at $1,711,135 over the last three months. 4.10% of the stock is owned by company insiders.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.