Box Inc. (BOX) Shares Up 3.3%
Box Inc. (NYSE:BOX) shares shot up 3.3% during mid-day trading on Tuesday . The stock traded as high as $13.46 and last traded at $13.30, with a volume of 780,241 shares. The stock had previously closed at $12.88.
Several brokerages recently issued reports on BOX. Credit Suisse Group AG reissued a “buy” rating on shares of Box in a research note on Thursday, June 2nd. Morgan Stanley reissued a “hold” rating and issued a $12.00 price objective on shares of Box in a research note on Thursday, June 2nd. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $18.00 price objective (down previously from $21.00) on shares of Box in a research note on Thursday, June 2nd. Zacks Investment Research cut Box from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Vetr cut Box from a “strong-buy” rating to a “buy” rating and set a $14.11 price objective on the stock. in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.92.
The firm’s market capitalization is $1.66 billion. The company’s 50 day moving average is $11.45 and its 200 day moving average is $11.72.
Box (NYSE:BOX) last posted its earnings results on Wednesday, June 1st. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.06. The company earned $90.20 million during the quarter, compared to analyst estimates of $88.65 million. The firm’s revenue for the quarter was up 37.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.28) EPS. Equities research analysts expect that Box Inc. will post ($0.76) earnings per share for the current year.
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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