Somewhat Favorable News Coverage Somewhat Unlikely to Impact Box (BOX) Share Price
News stories about Box (NYSE:BOX) have trended somewhat positive on Friday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Box earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 44.5546956256088 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Box Brings Intelligence to Cloud Content Management | Business Wire – Business Wire (press release) (businesswire.com)
- Jack In The Box Inc. (JACK) Ex-Dividend Date Scheduled for August 18, 2017 – Nasdaq (nasdaq.com)
- Critical Comparison: Marketo (MKTO) vs. Box (BOX) (americanbankingnews.com)
- You can see clearly now: intelligent image recognition in Box (4-traders.com)
- Box, Inc. breached its 50 day moving average in a Bullish Manner : BOX-US : August 17, 2017 (finance.yahoo.com)
Several analysts have recently commented on the company. Drexel Hamilton reissued a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of Box in a research note on Thursday, June 1st. Canaccord Genuity reissued a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Box in a research note on Thursday, June 1st. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Box in a research note on Wednesday. Bank of America Corporation reissued a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of Box in a research note on Friday, June 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Box in a research note on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.24.
Box (NYSE:BOX) opened at 18.59 on Friday. The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $17.96. The company’s market capitalization is $2.44 billion. Box has a 12-month low of $12.61 and a 12-month high of $20.91.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $114.70 million. During the same period in the previous year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts expect that Box will post ($0.46) EPS for the current year.
In related news, President Daniel J. Levin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total value of $372,000.00. Following the completion of the transaction, the president now directly owns 3,752 shares in the company, valued at approximately $69,787.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.28, for a total transaction of $731,200.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares of the company’s stock, valued at $68,586.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,748,934 shares of company stock valued at $32,700,266. 22.30% of the stock is owned by company insiders.
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Box Company Profile
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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