BOX (NYSE:BOX) Updates Q3 2027 Earnings Guidance

Key Points

• BOX raised its Q3 2027 guidance to EPS of $0.39 and revenue of $329.0 million, exceeding analyst consensus estimates of $0.33 EPS and $324.5 million in revenue.
• Shares fell 1.5% to $32.96 during Tuesday trading, despite the stronger guidance. BOX’s market capitalization was approximately $4.56 billion.
• Analysts maintain a mostly cautious view, with an average rating of “Hold” and a $35.33 average price target; insiders have sold nearly 78,000 shares worth about $2.1 million over the past 90 days.

BOX (NYSE:BOX - Get Free Report) updated its third quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.390-0.390 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $329.0 million-$329.0 million, compared to the consensus revenue estimate of $324.5 million.

BOX Stock Down 1.5%

Shares of BOX traded down $0.51 during midday trading on Tuesday, hitting $32.96. The company's stock had a trading volume of 3,195,474 shares, compared to its average volume of 2,587,051. BOX has a one year low of $21.34 and a one year high of $33.88. The company's fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $26.31. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 11.61 and a beta of 0.73.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The company had revenue of $321.15 million during the quarter, compared to analysts' expectations of $319.33 million. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS. On average, research analysts predict that BOX will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BOX shares. Weiss Ratings raised BOX from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 23rd. UBS Group raised their price target on shares of BOX from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. DA Davidson reaffirmed a "buy" rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Wall Street Zen cut shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. Finally, Citigroup increased their price objective on shares of BOX from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $35.33.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,364,049 shares in the company, valued at approximately $35,465,274. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $25.36, for a total value of $159,768.00. Following the sale, the vice president directly owned 115,679 shares in the company, valued at $2,933,619.44. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,996 shares of company stock worth $2,116,005 in the last 90 days. 3.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Sivia Capital Partners LLC acquired a new position in shares of BOX during the second quarter worth approximately $484,000. Cibc World Markets Corp acquired a new stake in BOX in the 4th quarter valued at $278,000. State of Wyoming increased its stake in BOX by 160.7% during the 4th quarter. State of Wyoming now owns 4,091 shares of the software maker's stock valued at $122,000 after purchasing an additional 2,522 shares in the last quarter. CIBC Asset Management Inc bought a new stake in BOX during the 4th quarter valued at $237,000. Finally, Prelude Capital Management LLC acquired a new position in BOX during the third quarter worth $210,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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