News headlines about Box (NYSE:BOX) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Box earned a daily sentiment score of 0.00 on Accern’s scale. Accern also assigned media headlines 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 immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- 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)
BOX has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $27.00 target price (up previously from $24.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 target price (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 lifted their target price for the company from $17.50 to $23.00 in a report on Thursday, June 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price 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 report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.24.
Shares of Box (BOX) traded up 1.84% during mid-day trading on Friday, hitting $18.23. The stock had a trading volume of 1,507,196 shares. The company’s market cap is $2.40 billion. The stock’s 50-day moving average is $18.85 and its 200 day moving average is $17.92. Box has a 12 month low of $12.26 and a 12 month high of $20.91.
Box (NYSE:BOX) last announced its earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $117.20 million for the quarter, compared to the consensus estimate of $114.70 million. During the same period in the previous year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, equities research analysts forecast that Box will post ($0.46) earnings per share for the current fiscal year.
In related news, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $18.46, for a total transaction of $738,400.00. Following the transaction, the chief operating officer now directly owns 3,752 shares in the company, valued at approximately $69,261.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total value of $5,782,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,768,934 shares of company stock worth $33,066,666. 22.30% of the stock is owned by company insiders.
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.
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