Box (BOX) Receiving Favorable News Coverage, Report Shows
News coverage about Box (NYSE:BOX) has been trending positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Box earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Moving Average Focus on Jack in the Box Inc (JACK) Shares – Evergreen Caller (evergreencaller.com)
- Jaden Smith’s Recyclable Water Box Startup Is Suing Sketchy Mayo Startup Hampton Creek Over a Font (gizmodo.com)
- Halle Berry Sneakily Tricks Jimmy Fallon Several Times in ‘Box of Lies,’ Talks About Playing a (click2houston.com)
- Service Electric switching to TiVo-powered box (mcall.com)
- Box Office: ‘Pacific Rim: Uprising’ Is Smart To Get Away From ‘Black Panther’ (forbes.com)
A number of brokerages have recently weighed in on BOX. BidaskClub lowered shares of Box from a “buy” rating to a “hold” rating in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Box in a report on Monday, July 17th. Drexel Hamilton restated a “buy” rating and set a $28.00 target price on shares of Box in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Box from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation restated a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Box in a research report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Box has an average rating of “Buy” and a consensus price target of $22.24.
Box (NYSE BOX) traded down 0.27% during trading on Friday, hitting $18.69. 1,172,403 shares of the company were exchanged. Box has a 12 month low of $11.67 and a 12 month high of $20.91. The company has a 50-day moving average of $18.88 and a 200-day moving average of $17.84. The company’s market capitalization is $2.46 billion.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $114.70 million. During the same quarter last year, the firm posted ($0.18) EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. Analysts forecast that Box will post ($0.46) EPS for the current year.
In other Box news, Director Rory O’driscoll sold 671,186 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.48, for a total transaction of $12,403,517.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total transaction of $5,782,400.00. The disclosure for this sale can be found here. Insiders sold 1,768,934 shares of company stock valued at $33,066,666 over the last three months. 22.30% of the stock is owned by insiders.
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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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