News headlines about Box (NYSE:BOX) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Box earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 48.5505931854821 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- ‘Human Flow,’ ‘Breathe’ Lead Crowded Indie Box Office (imdb.com)
- Greenwave’s AXON Predict Deployment Delivers Real-Time Analytic Insight to Kaon Gateway and Set-Top Box Products (it.tmcnet.com)
- Box Pouch Market: Global Upcoming Demand & Growth Analysis Up to 2024 (sbwire.com)
- Mattress Firm Sues ‘Bed-In-A-Box’ Co. For Allegedly False Ads (law360.com)
- Box, Inc. (BOX)- Stock Sparks Rallying on Rosy Data – NASDAQ Times (nasdaqtimes.com)
Several analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, October 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 target price on shares of Box in a research report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $22.00 target price on shares of Box in a research report on Monday. BidaskClub raised Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $24.00 target price on shares of Box in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Box currently has a consensus rating of “Buy” and an average price target of $23.40.
Shares of Box (NYSE BOX) opened at 20.06 on Tuesday. Box has a 52-week low of $13.56 and a 52-week high of $20.91. The firm’s market cap is $2.68 billion. The company’s 50-day moving average price is $18.73 and its 200-day moving average price is $18.73.
Box (NYSE:BOX) last announced its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $122.94 million during the quarter, compared to analyst estimates of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) EPS. Equities analysts expect that Box will post ($0.45) earnings per share for the current fiscal year.
In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $19.06, for a total transaction of $247,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeff Mannie sold 6,145 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $19.00, for a total transaction of $116,755.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,534 shares of company stock valued at $17,927,031. Company insiders own 20.59% of the company’s stock.
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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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