Box Company Profile (NYSE:BOX)

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

Box, Inc. (NYSE:BOX) issued its quarterly earnings data on Wednesday, May, 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.01. The firm earned $117.20 million during the quarter, compared to the consensus estimate of $114.70 million. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) EPS. View Box's Earnings History.

Box is scheduled to release their next quarterly earnings announcement on Tuesday, August, 29th 2017. View Earnings Estimates for Box.

Box updated its FY18 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of ($0.48)-(0.44) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.46). The company issued revenue guidance of $502-506 million, compared to the consensus revenue estimate of $502.85 million.Box also updated its Q2 guidance to ($0.13)-(0.12) EPS.

17 equities research analysts have issued 12 month target prices for Box's stock. Their forecasts range from $17.00 to $28.00. On average, they expect Box's share price to reach $23.00 in the next twelve months. View Analyst Ratings for Box.

Here are some recent quotes from research analysts about Box stock:

• 1. Drexel Hamilton analysts commented, "We are taking a haircut to FY4Q numbers as a result of the intense competitive pressures. But we remain positive on Sprint’s massive spectrum portfolio, which positions it well to exceed growing capacity demands. Our TP remains unchanged at US$11 based on 7.0x our CY18E adj. EBITDA ex-leasing. Impact Verizon’s Feb 12 th unlimited launch, triggered universal unlimited. Though postpaid phone churn was originally expected to be ~5bps lower QoQ, increased competition caused it to remain flat. We note that the churn impact peaked during week 1 and then tailed off, reflecting Sprint’s continued leadership in price (Fig. 1). Current promos include: 1) a single line under Unlimited Freedom for US$50/mo for one year and US$60/mo after that; 2) two lines for US$90/mo; and 3) US$30 off any order placed online or by phone and a free activation for new customers. Meanwhile, prepaid momentum is building up, driven by Boost/Virgin. We are modelling a sequential improvement in trends with churn ~10bps lower QoQ, at the expense of Cricket and MetroPCS. We now expect FY4Q16 total revenues to go ex- growth at US$7.98bn with adj. EBITDA of US$2.37bn." (3/31/2017)
• 2. Rosenblatt Securities analysts commented, "1.) Management remains very comfortable with its F2021 operating target of $1 billion in revenue, operating margins around 10% and FCF margins in the mid to high teens. 2.) Management reiterated its guidance for positive FCF this year on 25% revenue growth. 3.) The competitive environment versus Microsoft (MSFT:NR) has clarified with the deep Office 365 integration. Our research with Microsoft partners supports this view as the channel has improved its understanding of the different use cases for Box vs. One Drive or Sharepoint. Management remains confident that Microsoft currently sees little strategic value in shifting resources to address a problem that Box is currently solving for them. 4.) The IBM (IBM:NR) partnership continues to expand with Box now embedded in 10 different IBM products and the co-developed Relay workflow offering in beta test. IBM is seeing Box drive incremental business for the company in strategic product areas including Watson analytics and security, particularly data loss prevention. 5.) Retention rates remain a key focus and are expected to hold steady at 115% annual dollar rate. We believe this number could tick upward as the company rolls out new products later this year. 6.) Automating workflow is coming up more and more in customer conversations. 7.) The Fujitsu partnership announced last year should begin to drive revenues in Japan for Box later this year." (3/16/2017)
• 3. FIG Partners analysts commented, "Box delivered another strong quarter ahead of consensus, supported by good large deal momentum (64 deals >$100K), newer products (especially Governance, KeySafe, Zones), and the IBM channel (contributing to 18 six-figure deals). We're also pleased to see Box meet its positive FCF target in 4QFY17, while setting a positive FCF target for all of FY18 even as it accelerates sales investment. We remain bullish and continue to believe that IBM and Box's various newer products (Governance, KeySafe, Zones, Shuttle, etc.) provides a solid base for growth. There's also room for upside as even newer efforts gain traction (Platform, Relay) and international sales ramp (helped by Zones and sales investment). We're raising our revenue projections, though modestly increasing our loss per share projections reflecting the sales investment." (3/2/2017)
• 4. According to Zacks Investment Research, "Box, Inc. is a provider of a cloud -based product platform. Its solution include Box OneCloud, FTP alternative, document management, executive boardroom, project management, virtual data room, marketing asset management, sales portal and secure enterprise mobility. The company's platform offers content management and collaboration, storing, sharing and managing files. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment as well as retail industry. Box, Inc. is headquartered in Los Altos, California. " (1/31/2017)

Some companies that are related to Box include Mulesoft (MULE), Manhattan Associates (MANH), Zendesk (ZEN), Paylocity Holding Corporation (PCTY), Allscripts Healthcare Solutions (MDRX), New Relic (NEWR), Twilio (TWLO), CyberArk Software (CYBR), Cheetah Mobile (CMCM), BroadSoft (BSFT), Five9 (FIVN), Endurance International Group Holdings (EIGI), Radware (RDWR), Castlight Health, inc. (CSLT), Keywords Studios PLC (KWS), Magic Software Enterprises (MGIC), American Software (AMSWA) and The Rubicon Project (RUBI).

Box's management team includes the folowing people:

• Aaron Levie, Chairman of the Board, Chief Executive Officer
• Dan J. Levin, President, Chief Operating Officer, Director
• Dylan C. Smith, Chief Financial Officer, Director
• Peter M. McGoff, Senior Vice President, General Counsel and Corporate Secretary
• Rory O Driscoll, Lead Independent Director
• Dana L. Evan CPA, Independent Director
• Steve M. Krausz, Independent Director
• Gary M. Reiner, Independent Director
• Josh Stein, Independent Director

(BOX) raised $150 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Canaccord Genuity, Pacific Crest Securities, Raymond James and Wells Fargo Securities were co-managers.

Box's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bares Capital Management Inc. (4.65%), Vanguard Group Inc. (3.49%), First Trust Advisors LP (1.70%), Renaissance Technologies LLC (1.21%), Cortina Asset Management LLC (1.17%) and UBS Oconnor LLC (1.11%). Company insiders that own Box stock include Aaron Levie, Bessemer Venture Partners Viii, Daniel J Levin, Jeff Mannie, Josh Stein, Meritech Capital Associates Iv and Rory O'driscoll. View Institutional Ownership Trends for Box.

Box's stock was sold by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Next Century Growth Investors LLC, Bank of America Corp DE, Morgan Stanley, HarbourVest Partners LLC, FMR LLC, Paloma Partners Management Co and Garelick Capital Partners LP. Company insiders that have sold Box stock in the last year include Daniel J Levin, Jeff Mannie and Rory O'driscoll. View Insider Buying and Selling for Box.

Box's stock was bought by a variety of institutional investors in the last quarter, including MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., Renaissance Technologies LLC, Cortina Asset Management LLC, Vanguard Group Inc., AO Asset Management LLC, Wellington Management Group LLP and Bares Capital Management Inc.. Company insiders that have bought Box stock in the last two years include Aaron Levie and Josh Stein. View Insider Buying and Selling for Box.

Shares of Box can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Box stock can currently be purchased for approximately $19.19.