Media stories about Box (NYSE:BOX) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Box earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 44.8839464873771 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- This ‘Shark Tank’ Subscription Box Service for Dogs Just Got Acquired by Petco (inc.com)
- Wal-Mart, Home Depot Hint Amazon Won’t Kill the Big Box: Gadfly (washingtonpost.com)
- Global Aircraft Black Box Market 2017 – Garmin International, Inc., Donica Aviation Engineering Co., LTD, Frontline Avionics (sbwire.com)
- Banana Republic employee suspended for her box braids files discrimination suit for $1 million (nydailynews.com)
- D-BOX Technologies, the leader in immersive motion seating, continues its rapid global expansion with the addition of 16 screens in Latin America (marketwired.com)
BOX has been the subject of several research reports. BidaskClub cut Box from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price target on shares of Box in a report on Wednesday, August 16th. Drexel Hamilton reissued a “buy” rating and set a $28.00 price target on shares of Box in a report on Monday, August 28th. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and lifted their price target for the stock from $23.00 to $24.00 in a report on Thursday, August 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Box in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $23.40.
Shares of Box (NYSE:BOX) traded up $0.45 on Thursday, hitting $22.29. The stock had a trading volume of 1,304,364 shares, compared to its average volume of 1,595,810. Box has a one year low of $13.56 and a one year high of $22.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.02 and a current ratio of 1.02.
Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The company had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. During the same quarter last year, the company posted ($0.14) EPS. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. equities research analysts expect that Box will post -1.15 earnings per share for the current year.
In related news, President Daniel J. Levin sold 57,444 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $18.43, for a total transaction of $1,058,692.92. Following the sale, the president now owns 3,752 shares of the company’s stock, valued at approximately $69,149.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.95, for a total value of $997,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 939,534 shares of company stock worth $17,552,531. Corporate insiders own 22.30% of the company’s stock.
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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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