BOX (BOX) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BOX in the last year. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BOX shares.
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8 brokerages have issued 1 year target prices for BOX's stock. Their BOX share price forecasts range from $21.00 to $37.00. On average, they expect the company's share price to reach $33.44 in the next twelve months. This suggests a possible upside of 15.2% 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 6.7% and is now trading at $29.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our BOX earnings forecast.

Box, Inc. (NYSE:BOX) posted its quarterly earnings results on Tuesday, May, 30th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The software maker earned $251.90 million during the quarter, compared to analysts' expectations of $249.58 million. BOX had a negative trailing twelve-month return on equity of 4.75% and a net margin of 3.97%. BOX's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS.

ETFs with the largest weight of BOX (NYSE:BOX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Invesco Dynamic Software ETF (PSJ), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), Fidelity Cloud Computing ETF (FCLD), WisdomTree Cloud Computing Fund (WCLD), First Trust Dow Jones Internet Index Fund (FDN) and Convergence Long/Short Equity ETF (CLSE).

BOX updated its FY24 earnings guidance on Tuesday, May, 30th. The company provided earnings per share guidance of $1.44-$1.50 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $1.045-$1.055 billion, compared to the consensus revenue estimate of $1.06 billion.

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 a number of institutional and retail investors. Top institutional investors include RGM Capital LLC (3.46%), Macquarie Group Ltd. (2.34%), State Street Corp (2.11%), Geode Capital Management LLC (1.83%), Sumitomo Mitsui Trust Holdings Inc. (1.70%) and Arrowstreet Capital Limited Partnership (1.49%). 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, Jeff Mannie 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 $29.04.

BOX (NYSE:BOX) has a market capitalization of $4.19 billion and generates $990.87 million in revenue each year. The software maker earns $26.78 million in net income (profit) each year or $0.13 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.