BOX (NYSE:BOX) Announces Earnings Results, Hits Expectations

BOX (NYSE:BOX) released its quarterly earnings results on Tuesday. The software maker reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01), reports. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $174.43 million. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. BOX’s revenue was up 1040.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share.

NYSE BOX opened at $18.62 on Thursday. The company’s 50-day moving average price is $16.45 and its 200-day moving average price is $16.83. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 14.57. The stock has a market cap of $2.43 billion, a PE ratio of -19.40 and a beta of 1.41. BOX has a 12 month low of $12.46 and a 12 month high of $24.93.

In other news, Director Kimberly Hammonds sold 3,328 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $15.97, for a total value of $53,148.16. Following the transaction, the director now directly owns 6,658 shares in the company, valued at $106,328.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.70% of the company’s stock.

A number of equities research analysts recently issued reports on BOX shares. Oppenheimer reaffirmed a “buy” rating and set a $18.00 price target on shares of BOX in a research note on Wednesday. JMP Securities downgraded shares of BOX from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 12th. Raymond James reissued a “buy” rating and issued a $18.00 target price on shares of BOX in a research note on Wednesday. Wells Fargo & Co reissued an “outperform” rating and issued a $22.00 target price on shares of BOX in a research note on Wednesday. Finally, Monness Crespi & Hardt reissued a “hold” rating on shares of BOX in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.53.

About BOX

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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