BOX (BOX) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BOX in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BOX shares.
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9 analysts have issued 1-year price targets for BOX's stock. Their BOX share price forecasts range from $21.00 to $36.00. On average, they predict the company's stock price to reach $32.25 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
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BOX's stock was trading at $31.13 at the beginning of the year. Since then, BOX shares have decreased by 19.8% and is now trading at $24.97.
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BOX saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,980,000 shares, an increase of 17.1% from the August 15th total of 7,670,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is currently 6.0 days. Approximately 6.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
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Box, Inc. (NYSE:BOX) announced its earnings results on Tuesday, August, 29th. The software maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The software maker earned $261.43 million during the quarter, compared to analysts' expectations of $261.32 million. BOX had a net margin of 4.86% and a negative trailing twelve-month return on equity of 6.51%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share.

ETFs with the largest weight of BOX (NYSE:BOX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), iShares Virtual Work and Life Multisector ETF (IWFH), Innovator IBD Breakout Opportunities ETF (BOUT), Direxion Work From Home ETF (WFH), SRH U.S. Quality ETF (SRHQ), Fidelity Cloud Computing ETF (FCLD), Convergence Long/Short Equity ETF (CLSE) and First Trust Dow Jones Internet Index Fund (FDN).

BOX updated its third quarter 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share guidance of $0.37-$0.38 for the period, compared to the consensus earnings per share estimate of $0.38. The company issued revenue guidance of $261.00 million-$263.00 million, compared to the consensus revenue estimate of $263.55 million.

449 employees have rated BOX Chief Executive Officer Aaron Levie on Glassdoor.com. Aaron Levie has an approval rating of 95% among the company's employees. This puts Aaron Levie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other BOX investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Block (SQ), Tesla (TSLA), Netflix (NFLX), Intel (INTC), Bank of America (BAC) and Walt Disney (DIS).

(BOX) raised $150 million in an initial public offering on Friday, January 23rd 2015. The company issued 12,500,000 shares at $11.00-$13.00 per share. Morgan Stanley, Credit Suisse, J.P. Morgan and BMO Capital Markets acted as the underwriters for the IPO and Canaccord Genuity, Pacific Crest Securities, Raymond James and Wells Fargo Securities were co-managers.

BOX trades on the New York Stock Exchange (NYSE) under the ticker symbol "BOX."

BOX's stock is owned by many different institutional and retail investors. Top institutional investors include Earnest Partners LLC (4.19%), RGM Capital LLC (3.52%), Champlain Investment Partners LLC (2.49%), State Street Corp (2.19%), Geode Capital Management LLC (1.91%) and Sumitomo Mitsui Trust Holdings Inc. (1.77%). Insiders that own company stock include Aaron Levie, Dana L Evan, Daniel J Levin, Dylan C Smith, Dylan C Smith, Eli Berkovitch, Jack R Lazar and Kimberly Hammonds.
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Shares of BOX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BOX stock can currently be purchased for approximately $24.97.

BOX (NYSE:BOX) has a market capitalization of $3.60 billion and generates $990.87 million in revenue each year. The software maker earns $26.78 million in net income (profit) each year or $0.19 on an earnings per share basis.

The company employs 2,487 workers across the globe.

BOX's mailing address is 900 JEFFERSON AVENUE, REDWOOD CITY CA, 94063. The official website for the company is www.box.com. The software maker can be reached via phone at (877) 729-4269 or via email at ir@box.com.