Stock of the Day

June 23, 2020

BOX (BOX)

$35.79
+$0.81 (+2.3%)
Market Cap: $4.84B

About BOX

Box, Inc. engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe. The company was founded by Aaron Levie, Dylan Smith, Jeff Queisser, and Sam Ghods in March 2005 and is headquartered in Redwood City, CA.

Today's Trend

Box, Inc. (NYSE: BOX) shares are trading near their 12-month high as investors respond to stronger-than-expected revenue, improved guidance and favorable analyst actions following the company’s fiscal second-quarter results.

  • Box reported fiscal Q2 2027 adjusted EPS of $0.40, in line with estimates, while revenue of $321.15 million exceeded the $319.33 million consensus and increased 9.2% year over year. Billings rose 17% to $309.5 million, operating cash flow increased 54% to $70.8 million, and remaining performance obligations reached $1.7 billion. Box Reports Second Quarter Fiscal 2027 Financial Results
  • Management’s fiscal Q3 outlook calls for approximately $329 million in revenue and $0.39 in EPS, above analyst expectations of $324.5 million and $0.33, respectively. Full-year fiscal 2027 EPS guidance of $1.54 also exceeded the $1.32 consensus, while revenue guidance remained approximately $1.3 billion. Box Q2 Earnings Results
  • DA Davidson raised its Box price target from $45 to $50 and maintained a Buy rating, citing the company’s results and outlook. The higher target suggests substantial potential upside from recent trading levels. Box Analysts Increase Their Forecasts After Q2 Results
  • Box will present at Citi’s 2026 Global TMT Conference on September 8. The webcast could provide additional commentary on enterprise demand, artificial-intelligence adoption and the company’s Intelligent Content Management strategy, but the event is not an immediate earnings catalyst. Box to Present at Investor Conference
  • RBC reaffirmed its Underperform rating and $26 price target, arguing that the quarter was only “a step in the right direction.” Its target implies meaningful downside and highlights continued valuation and execution concerns despite the improved outlook. RBC Analyst Comment on Box

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