BOX (BOX) Expected to Announce Earnings on Tuesday

BOX (NYSE:BOX) is anticipated to release its earnings data after the market closes on Tuesday, March 4th. Analysts expect BOX to post earnings of $0.41 per share and revenue of $279.20 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

BOX Stock Down 0.3 %

Shares of NYSE BOX opened at $33.37 on Tuesday. BOX has a 12 month low of $24.63 and a 12 month high of $35.74. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 4.42 and a beta of 0.88. The business has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $32.41.

Wall Street Analyst Weigh In

A number of analysts have commented on BOX shares. UBS Group upped their price objective on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup upped their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at $97,592,503.70. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 4,791 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now directly owns 132,741 shares of the company’s stock, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,041 shares of company stock worth $2,889,758. Corporate insiders own 4.10% of the company’s stock.

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.