BOX (NYSE:BOX) Posts Earnings Results

BOX (NYSE:BOX) issued its quarterly earnings results on Tuesday. The software maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. The company had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.

BOX Price Performance

Shares of NYSE BOX opened at $28.82 on Wednesday. BOX has a one year low of $23.29 and a one year high of $30.94. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 39.48 and a beta of 0.86. The stock’s fifty day moving average price is $26.92 and its two-hundred day moving average price is $27.01.

Insider Activity

In related news, VP Eli Berkovitch sold 3,300 shares of BOX stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the transaction, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $26.38, for a total transaction of $342,940.00. Following the transaction, the chief financial officer now directly owns 1,552,912 shares of the company’s stock, valued at $40,965,818.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,560 shares of company stock worth $1,556,440. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BOX has been the subject of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 target price on shares of BOX in a report on Wednesday, May 29th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. Morgan Stanley lowered their target price on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, May 29th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

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.