Box Inc. (BOX) Trading Up 3.3%
Box Inc. (NYSE:BOX) was up 3.3% on Tuesday . The company traded as high as $13.46 and last traded at $13.30, with a volume of 780,241 shares trading hands. The stock had previously closed at $12.88.
A number of equities research analysts recently weighed in on BOX shares. Bank of America Corp. restated a “buy” rating and set a $18.00 price objective on shares of Box in a research note on Monday. Zacks Investment Research cut shares of Box from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Vetr cut shares of 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. Veritas Investment Research restated a “strong-buy” rating on shares of Box in a research note on Friday, August 5th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Box in a research note on Thursday, June 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.92.
The stock has a 50 day moving average of $11.59 and a 200-day moving average of $11.75. The company’s market cap is $1.63 billion.
Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.06. During the same quarter last year, the company earned ($0.28) earnings per share. The company earned $90.20 million during the quarter, compared to the consensus estimate of $88.65 million. The business’s revenue was up 37.5% on a year-over-year basis. 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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