Media headlines about Box (NYSE:BOX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog 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 news sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 44.9652008601274 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Stock Trading Near the 52-Week Low Jack in the Box Inc. (NASDAQ:JACK) - Sparta Review (spartareview.com)
- Box Office: ‘Dunkirk’ And ‘Girls Trip’ Hold Strong, ‘Wolf Warriors 2’ Conquers China - Forbes (forbes.com)
- Box Office: ‘Wonder Woman’ Nears $400M, ‘Spider-Man’ Swings Past ‘Man Of Steel’ - Forbes (forbes.com)
- ‘Dark Tower’ opens at No. 1 on slow week at the box office - MarketWatch (marketwatch.com)
- Chocolate and Tahini Ice Box Pie Recipe (twoclassychics.com)
A number of equities analysts have recently commented on BOX shares. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Box in a report on Monday, July 17th. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective on shares of Box in a report on Tuesday, June 27th. Canaccord Genuity restated a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Box in a report on Thursday, June 1st. Bank of America Corporation restated a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of Box in a report on Friday, June 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $20.00 target price (up from $19.00) on shares of Box in a report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Box currently has a consensus rating of “Buy” and a consensus target price of $22.24.
Shares of Box (NYSE:BOX) traded down 0.27% during midday trading on Friday, hitting $18.69. The company had a trading volume of 1,172,403 shares. The firm’s market cap is $2.46 billion. Box has a one year low of $11.88 and a one year high of $20.91. The company’s 50 day moving average is $18.88 and its 200 day moving average is $17.84.
Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities analysts forecast that Box will post ($0.46) earnings per share for the current fiscal year.
In other Box news, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $18.46, for a total value of $738,400.00. Following the completion of the sale, the chief operating officer now owns 3,752 shares of the company’s stock, valued at $69,261.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rory O’driscoll sold 671,186 shares of the business’s stock in a transaction dated 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. Insiders sold 1,768,934 shares of company stock valued at $33,066,666 in the last ninety days. Insiders own 22.30% of the company’s stock.
About Box
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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