Press coverage about Box (NYSE:BOX) has trended positive on Friday, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Box earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also assigned media coverage about the software maker an impact score of 0 out of 100, meaning 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 headlines that may have impacted AlphaOne Sentiment’s scoring:
- Dividend Darling in Focus: Box, Inc. (NYSE:BOX) – Ozark Times (ozarktimes.com)
- Global solar junction box industry forecast 2012-2021 available in new report (whatech.com)
- 7 things to know today and how the next Wheaties box cover is chosen (bizjournals.com)
- Box Office: ‘Baywatch’ Won’t Sink Or Swim Based On Critical Slams (forbes.com)
- Box Inc (BOX), Reed`s Inc (REED) Shares Moving On Volume – Lenox Ledger (lenoxledger.com)
Box (NYSE:BOX) opened at 18.77 on Friday. The firm has a 50-day moving average of $17.55 and a 200-day moving average of $16.46. Box has a one year low of $9.86 and a one year high of $19.08. The firm’s market cap is $2.39 billion.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, March 1st. The software maker reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The business had revenue of $109.93 million during the quarter, compared to the consensus estimate of $108.86 million. Box had a negative net margin of 44.23% and a negative return on equity of 144.98%. Box’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.26) EPS. Analysts anticipate that Box will post ($0.47) EPS for the current year.
Several brokerages have recently issued reports on BOX. Oppenheimer Holdings Inc. set a $21.00 price objective on shares of Box and gave the company a “buy” rating in a research note on Saturday, March 25th. Drexel Hamilton restated a “buy” rating and set a $26.00 target price on shares of Box in a report on Friday, March 31st. Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Box in a report on Saturday, March 4th. FIG Partners restated an “outperform” rating on shares of Box in a report on Thursday, March 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $19.00 target price on shares of Box in a report on Friday, February 24th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Box currently has a consensus rating of “Buy” and a consensus target price of $19.01.
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In related news, Director Rory O’driscoll sold 319,228 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $16.58, for a total transaction of $5,292,800.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel J. Levin sold 40,000 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $16.96, for a total transaction of $678,400.00. Following the sale, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at $63,633.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 771,186 shares of company stock valued at $12,849,908. 22.30% of the stock is owned by insiders.
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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