$244.84 Million in Sales Expected for Box, Inc. (NYSE:BOX) This Quarter - Defense World - Financial Daily News Site

$244.84 Million in Sales Expected for Box, Inc. (NYSE:BOX) This Quarter – Defense World


Equities research analysts expect that Box, Inc. (NYSE:BOX – Get Rating) will post $244.84 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for BOX’s earnings. The lowest sales estimate is $244.40 million and the highest is $245.00 million. BOX reported sales of $214.49 million in the same quarter last year, which indicates a positive year over year growth rate of 14.1%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BOX will report full year sales of $994.44 million for the current financial year, with estimates ranging from $993.80 million to $995.67 million. For the next fiscal year, analysts expect that the business will report sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow BOX.

BOX (NYSE:BOX – Get Rating) last announced its quarterly earnings results on Wednesday, May 25th. The software maker reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $238.40 million for the quarter, compared to analysts’ expectations of $234.48 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year.

BOX has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of BOX in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Morgan Stanley boosted their target price on shares of BOX from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $30.00 target price on shares of BOX in a research note on Friday, March 18th. Craig Hallum dropped their target price on shares of BOX to $41.00 in a research note on Thursday, May 26th. Finally, KeyCorp boosted their target price on shares of BOX from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 3rd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $31.10.

Shares of BOX stock opened at $27.24 on Monday. BOX has a 12-month low of $22.18 and a 12-month high of $33.04. The company has a market capitalization of $3.91 billion, a P/E ratio of -85.13 and a beta of 1.16. The firm has a 50-day moving average price of $29.06 and a 200 day moving average price of $27.05.

In related news, VP Eli Berkovitch sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $28.36, for a total transaction of $226,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $29.05, for a total transaction of $435,750.00. Following the transaction, the chief financial officer now owns 1,462,315 shares of the company’s stock, valued at approximately $42,480,250.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,000 shares of company stock valued at $1,091,930. 6.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BOX. Advisory Services Network LLC acquired a new position in shares of BOX in the first quarter valued at approximately $606,000. Ensign Peak Advisors Inc boosted its holdings in shares of BOX by 5.6% in the first quarter. Ensign Peak Advisors Inc now owns 39,550 shares of the software maker’s stock valued at $1,149,000 after buying an additional 2,080 shares during the period. PDT Partners LLC boosted its holdings in shares of BOX by 72.1% in the first quarter. PDT Partners LLC now owns 35,921 shares of the software maker’s stock valued at $1,044,000 after buying an additional 15,046 shares during the period. Prelude Capital Management LLC acquired a new position in shares of BOX in the first quarter valued at approximately $284,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of BOX by 63.5% in the first quarter. Engineers Gate Manager LP now owns 74,544 shares of the software maker’s stock valued at $2,166,000 after buying an additional 28,944 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

BOX Company Profile (Get Rating)

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

See Also

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Earnings History and Estimates for BOX (NYSE:BOX)



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