BOX (BOX) Scheduled to Post Quarterly Earnings on Wednesday

BOX (NYSE:BOX – Get Rating) will release its earnings data after the market closes on Wednesday, May 25th. Analysts expect BOX to post earnings of ($0.05) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

BOX (NYSE:BOX – Get Rating) last posted its earnings results on Wednesday, March 2nd. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $233.36 million during the quarter, compared to analysts’ expectations of $228.60 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts expect BOX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BOX stock opened at $28.51 on Wednesday. BOX has a 52 week low of $22.18 and a 52 week high of $33.04. The business has a 50-day simple moving average of $29.16 and a 200 day simple moving average of $27.00. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -81.46 and a beta of 1.15.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upgraded BOX from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $28.00 in a research report on Thursday, March 3rd. Craig Hallum boosted their target price on BOX from $38.00 to $44.00 in a research report on Thursday, March 3rd. Oppenheimer reiterated an “outperform” rating and issued a $30.00 price objective on shares of BOX in a report on Friday, March 18th. Morgan Stanley upped their price objective on BOX from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 3rd. Finally, KeyCorp upped their price objective on BOX from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, March 3rd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BOX presently has a consensus rating of “Buy” and an average target price of $31.40.

In related news, VP Eli Berkovitch sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $28.36, for a total value of $226,880.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $29.05, for a total value of $435,750.00. Following the completion of the sale, the chief financial officer now owns 1,462,315 shares in the company, valued at approximately $42,480,250.75. The disclosure for this sale can be found here. Insiders have sold a total of 38,000 shares of company stock valued at $1,091,930 in the last ninety days. 6.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of BOX. Millennium Management LLC grew its stake in shares of BOX by 1,767.6% in the 4th quarter. Millennium Management LLC now owns 828,031 shares of the software maker’s stock worth $21,686,000 after buying an additional 783,695 shares during the last quarter. Federated Hermes Inc. boosted its stake in BOX by 213.1% during the 1st quarter. Federated Hermes Inc. now owns 968,632 shares of the software maker’s stock valued at $28,148,000 after purchasing an additional 659,231 shares during the last quarter. Renaissance Technologies LLC boosted its stake in BOX by 187.3% during the 1st quarter. Renaissance Technologies LLC now owns 906,200 shares of the software maker’s stock valued at $26,334,000 after purchasing an additional 590,800 shares during the last quarter. Morgan Stanley boosted its stake in BOX by 23.6% during the 2nd quarter. Morgan Stanley now owns 2,615,252 shares of the software maker’s stock valued at $66,819,000 after purchasing an additional 500,169 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in BOX by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 2,088,072 shares of the software maker’s stock valued at $54,686,000 after purchasing an additional 370,288 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.

BOX Company Profile (Get Rating)

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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

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