BOX (BOX) to Release Quarterly Earnings on Tuesday

BOX (NYSE:BOX) will be announcing its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

BOX Stock Performance

Shares of BOX stock opened at $35.09 on Monday. The stock’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $29.71. BOX has a twelve month low of $23.29 and a twelve month high of $35.74. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 44.42 and a beta of 0.85.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares in the company, valued at $47,951,032.68. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,500 shares of company stock worth $1,711,135. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BOX. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a report on Friday, August 16th. UBS Group lifted their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Finally, Morgan Stanley raised their target price on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.22.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.