BOX (NYSE:BOX) Updates Q2 2027 Earnings Guidance

BOX (NYSE:BOX) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.390-0.390 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $319.0 million-$319.0 million, compared to the consensus revenue estimate of $316.5 million. BOX also updated its FY 2027 guidance to 1.560-1.560 EPS.

BOX Stock Performance

Shares of NYSE:BOX traded down $0.26 during midday trading on Tuesday, hitting $25.64. The company’s stock had a trading volume of 5,608,875 shares, compared to its average volume of 2,555,575. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $38.80. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 1.33 and a beta of 0.71. The stock’s 50 day simple moving average is $24.20 and its 200 day simple moving average is $26.49.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The business had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, analysts anticipate that BOX will post 0.34 EPS for the current year.

BOX declared that its Board of Directors has approved a share repurchase program on Thursday, March 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to buy up to 14.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley cut their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Friday, March 20th. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group dropped their target price on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Finally, William Blair reissued a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, BOX has an average rating of “Hold” and an average target price of $35.57.

Insider Activity

In other news, Director Dana L. Evan sold 17,034 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $24.24, for a total value of $412,904.16. Following the sale, the director directly owned 113,525 shares of the company’s stock, valued at approximately $2,751,846. This represents a 13.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Olivia Nottebohm sold 12,470 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the sale, the chief operating officer directly owned 558,739 shares in the company, valued at approximately $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 137,086 shares of company stock valued at $3,345,852. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sivia Capital Partners LLC bought a new position in shares of BOX during the second quarter worth approximately $484,000. Occudo Quantitative Strategies LP acquired a new stake in BOX in the second quarter valued at approximately $266,000. &PARTNERS boosted its position in BOX by 7.9% in the fourth quarter. &PARTNERS now owns 8,908 shares of the software maker’s stock valued at $266,000 after buying an additional 654 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in BOX in the fourth quarter valued at approximately $237,000. Finally, Prelude Capital Management LLC acquired a new position in shares of BOX during the third quarter worth $210,000. 86.74% of the stock is owned by institutional investors.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.