BOX - BOX Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BOX in the last twelve months. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BOX shares.
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8 Wall Street research analysts have issued 12 month target prices for BOX's shares. Their BOX share price forecasts range from $21.00 to $41.00. On average, they expect the company's share price to reach $34.20 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
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BOX's stock was trading at $31.13 on January 1st, 2023. Since then, BOX shares have decreased by 16.2% and is now trading at $26.09.
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BOX saw a increase in short interest in March. As of March 15th, there was short interest totaling 7,880,000 shares, an increase of 5.2% from the February 28th total of 7,490,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is currently 4.9 days. Currently, 5.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our BOX earnings forecast.

Box, Inc. (NYSE:BOX) released its earnings results on Wednesday, March, 1st. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The software maker had revenue of $256.48 million for the quarter, compared to analysts' expectations of $256.29 million. BOX had a net margin of 2.70% and a negative trailing twelve-month return on equity of 2.53%.

ETFs with the largest weight of BOX (NYSE:BOX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Innovator IBD 50 ETF (FFTY), 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) and Invesco DWA Technology Momentum ETF (PTF).

BOX updated its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $0.26-$0.27 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $248.00 million-$250.00 million, compared to the consensus revenue estimate of $260.24 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 (IPO) on Friday, January 23rd 2015. The company issued 12,500,000 shares at a price of $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 variety of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (4.60%), RGM Capital LLC (2.73%), Macquarie Group Ltd. (2.25%), Geode Capital Management LLC (1.77%), First Trust Advisors LP (1.58%) and Sumitomo Mitsui Trust Holdings Inc. (1.56%). Insiders that own company stock include Aaron Levie, Dana L Evan, Daniel J Levin, Dylan C Smith, Dylan C Smith, Eli Berkovitch, 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 $26.09.

BOX (NYSE:BOX) has a market capitalization of $3.76 billion and generates $990.87 million in revenue each year. The software maker earns $26.78 million in net income (profit) each year or $0.05 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.