Somewhat Positive News Coverage Somewhat Unlikely to Affect Box (NYSE:BOX) Stock Price
News articles about Box (NYSE:BOX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Box earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 44.3405933451 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Republican megadonor uses cardboard box catalog to address Chicago murders – Chicago Tribune (chicagotribune.com)
- StepStone Group LP Buys Athene Holding, Box Inc, Sells Caesars Acquisition Co, Caesars Entertainment Corp, Star … – GuruFocus.com (gurufocus.com)
- Box, Inc. Class A (NYSE:BOX) Experiences Heavy Trading Volume – Modern Readers (modernreaders.com)
- Taking a Look at the Operational Data for Box, Inc. (BOX) – StockNewsGazette (stocknewsgazette.com)
- Box, Inc. Class A (NYSE:BOX) Experiences Heavier than Usual Trading Volume (highlightpress.com)
A number of equities analysts recently weighed in on BOX shares. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $24.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Box in a report on Thursday, June 1st. Mitsubishi UFJ Financial Group raised Box from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $17.50 to $23.00 in a report on Thursday, June 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Box in a report on Monday, June 26th. Finally, BidaskClub lowered Box from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Box has an average rating of “Buy” and an average price target of $22.24.
Box (NYSE:BOX) traded up 1.84% during midday trading on Friday, hitting $18.23. The stock had a trading volume of 1,507,196 shares. Box has a 12-month low of $12.26 and a 12-month high of $20.91. The firm’s market cap is $2.40 billion. The stock has a 50-day moving average price of $18.85 and a 200 day moving average price of $17.92.
Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $114.70 million. During the same period last year, the firm earned ($0.18) EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, equities analysts anticipate that Box will post ($0.46) earnings per share for the current fiscal year.
In related news, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of Box stock in a transaction that occurred on Wednesday, July 5th. The stock was 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 can be accessed through this link. Also, Director Rory O’driscoll sold 671,186 shares of Box stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.48, for a total value of $12,403,517.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,768,934 shares of company stock valued at $33,066,666. Insiders own 22.30% of the company’s stock.
Box Company Profile
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.
Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.