BOX (NYSE:BOX) Releases Earnings Results, Beats Expectations By $0.01 EPS

BOX (NYSE:BOX) issued its quarterly earnings data on Wednesday. The software maker reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01, Zacks reports. The firm had revenue of $172.50 million during the quarter, compared to the consensus estimate of $169.49 million. BOX had a negative return on equity of 446.05% and a negative net margin of 21.37%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS.

NYSE BOX traded up $0.22 during trading on Thursday, hitting $14.05. The stock had a trading volume of 580,799 shares, compared to its average volume of 1,778,544. The company has a market capitalization of $2.03 billion, a PE ratio of -14.60 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 10.68. The firm has a 50 day moving average price of $15.35 and a 200 day moving average price of $18.65. BOX has a twelve month low of $12.76 and a twelve month high of $25.40.

A number of brokerages recently issued reports on BOX. Canaccord Genuity downgraded BOX from a “buy” rating to a “hold” rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, June 4th. JMP Securities cut their price objective on BOX from $24.00 to $21.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 4th. Zacks Investment Research raised BOX from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, June 6th. Morgan Stanley set a $17.00 price objective on BOX and gave the stock a “hold” rating in a research report on Tuesday, June 4th. Finally, Raymond James cut their price objective on BOX from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. BOX currently has a consensus rating of “Buy” and a consensus price target of $19.57.

In other news, Director Josh Stein sold 20,000 shares of BOX stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $18.19, for a total value of $363,800.00. Following the completion of the transaction, the director now owns 3,699 shares in the company, valued at approximately $67,284.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.02, for a total value of $270,300.00. Following the completion of the transaction, the chief financial officer now owns 1,084,280 shares of the company’s stock, valued at approximately $19,538,725.60. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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Earnings History for BOX (NYSE:BOX)

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