Media coverage about Box (NYSE:BOX) has been trending positive recently, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public 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 0.32 on AlphaOne’s scale. AlphaOne also assigned media headlines about the software maker an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted AlphaOne’s rankings:
- Global Aircraft Black Box Market Size 2017 Industry Trend and Forecast 2022 (reports.pr-inside.com)
- ‘All Eyez on Me’ Races Past ‘Cars 3’ at Thursday Box Office With $3.1 Million (imdb.com)
- MOSSBERG & SONS INC 590 shockwave 12 gauge New in Box 12 GA (gunauction.com)
- Form 4 BOX INC For: Jun 13 Filed by: O’Driscoll Rory (streetinsider.com)
- Box Inc (BOX) Moving 0.33% in Session – Evergreen Caller (evergreencaller.com)
A number of analysts recently commented on BOX shares. Drexel Hamilton reaffirmed a “buy” rating and set a $26.00 price objective on shares of Box in a research note on Friday, March 31st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $27.00 price objective (up previously from $24.00) on shares of Box in a research note on Thursday, June 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Box in a research note on Tuesday, February 21st. Oppenheimer Holdings, Inc. set a $21.00 price objective on Box and gave the company a “buy” rating in a research note on Thursday, March 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Box in a research note on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Box has an average rating of “Buy” and a consensus target price of $22.24.
Shares of Box (NYSE:BOX) traded up 0.11% during mid-day trading on Friday, reaching $18.59. The company’s stock had a trading volume of 3,210,516 shares. The firm’s 50 day moving average is $18.37 and its 200-day moving average is $16.85. Box has a 52-week low of $9.86 and a 52-week high of $20.91. The company’s market capitalization is $2.44 billion.
Box (NYSE:BOX) last issued its earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted ($0.18) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. Analysts forecast that Box will post ($0.46) EPS for the current year.
In other Box news, Director Rory O’driscoll sold 43,500 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $16.41, for a total value of $713,835.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $18.46, for a total value of $738,400.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares in the company, valued at approximately $69,261.92. The disclosure for this sale can be found here. Insiders sold 1,442,372 shares of company stock worth $25,253,425 in the last 90 days. Corporate insiders own 22.30% of the company’s stock.
WARNING: This news story was posted by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://sleekmoney.com/box-box-earns-news-impact-score-of-0-32/1916386.html.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/box-box-earns-news-impact-score-of-0-32/1916386.html
Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.