News coverage about Box (NYSE:BOX) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Box earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.9677868141194 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
Shares of Box (NYSE:BOX) opened at 18.46 on Friday. The firm’s market cap is $2.45 billion. The company has a 50-day moving average of $18.52 and a 200-day moving average of $18.02. Box has a 1-year low of $13.56 and a 1-year high of $18.81.
Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Analysts predict that Box will post ($0.45) earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the stock. Drexel Hamilton reissued a “buy” rating and set a $28.00 price target (up from $26.00) on shares of Box in a research report on Thursday, June 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Box in a research note on Sunday, September 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 price objective (up previously from $22.00) on shares of Box in a research note on Thursday, June 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of Box in a research note on Wednesday, August 16th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of Box in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.52.
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In other Box news, Director Rory O’driscoll sold 332,992 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $19.04, for a total value of $6,340,167.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Peter M. Mcgoff sold 80,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $18.52, for a total value of $1,481,600.00. Following the completion of the transaction, the senior vice president now owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The disclosure for this sale can be found here. Insiders sold 1,175,192 shares of company stock valued at $22,105,842 in the last quarter. 22.30% of the stock is currently owned by company insiders.
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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