News articles about Box (NYSE:BOX) have trended positive on Sunday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Box earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Check Point Software Technologies (CHKP) vs. Box (BOX) Head to Head Survey (americanbankingnews.com)
- The thrill of Chaos Draft in one awesome package. Everything you need to play is right in the box! (coolstuffinc.com)
- Jack in Box : Inspectors upgrade Las Cruces Jack In the Box (4-traders.com)
- Box, Inc. Class A (NYSE:BOX) Stock Closed 4.9% Above Its 50 Day Average (highlightpress.com)
- Box, Inc. Class A (NYSE:BOX) Stock Closed 4.9% Above Its 50 Day Average – Highlight Press (highlightpress.com)
BOX has been the topic of several research reports. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of Box in a research report on Tuesday, June 27th. Morgan Stanley reissued an “equal weight” rating and issued a $20.00 target price (up from $19.00) on shares of Box in a report on Thursday, June 1st. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 target price on shares of Box in a report on Monday, June 26th. Mitsubishi UFJ Financial Group raised Box from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $17.50 to $23.00 in a report on Thursday, June 1st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $27.00 price target (up previously from $24.00) on shares of Box in a research note on Thursday, June 1st. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Box currently has an average rating of “Buy” and an average target price of $22.24.
Shares of Box (NYSE BOX) opened at 19.68 on Friday. The stock’s market capitalization is $2.59 billion. Box has a 12 month low of $10.51 and a 12 month high of $20.91. The firm’s 50-day moving average price is $18.81 and its 200-day moving average price is $17.59.
Box (NYSE:BOX) last announced its earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $114.70 million. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.18) earnings per share. On average, equities research analysts forecast that Box will post ($0.46) EPS for the current year.
In other news, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $18.07, for a total transaction of $5,782,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rory O’driscoll sold 274,756 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $19.34, for a total transaction of $5,313,781.04. The disclosure for this sale can be found here. Insiders sold 1,718,934 shares of company stock worth $32,066,666 in the last three months. 22.30% of the stock is currently owned by corporate insiders.
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Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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