BOX (NYSE:BOX) released its quarterly earnings results on Tuesday. The software maker reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01), Briefing.com reports. BOX had a negative return on equity of 491.54% and a negative net margin of 20.29%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $174.43 million. During the same period last year, the business posted ($0.06) earnings per share. The firm’s revenue was up 1040.0% compared to the same quarter last year.
Shares of NYSE:BOX opened at $16.70 on Wednesday. BOX has a 52-week low of $12.46 and a 52-week high of $24.93. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -17.40 and a beta of 1.41. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 14.57. The business has a 50-day moving average price of $16.43 and a 200-day moving average price of $16.84.
A number of research firms have commented on BOX. Raymond James decreased their price target on BOX from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Craig Hallum cut BOX from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $15.00 in a research note on Thursday, August 29th. Berenberg Bank began coverage on BOX in a research note on Thursday, October 10th. They issued a “hold” rating and a $18.00 price target for the company. JMP Securities cut BOX from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $22.00 price target on shares of BOX in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. BOX has an average rating of “Hold” and an average price target of $19.41.
In other news, Director Kimberly Hammonds sold 3,328 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $15.97, for a total value of $53,148.16. Following the completion of the transaction, the director now directly owns 6,658 shares in the company, valued at $106,328.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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