Box Inc (BOX) reported quarterly earnings results on Wednesday, Jun-1-2016. The company said it had a profit of $-0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.24. The company posted revenue of $90.20 million in the period, compared to analysts expectations of $88.69 million. The company’s revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.28 EPS.
Many Wall Street Analysts have commented on Box Inc. Drexel Hamilton Initiated Box Inc on Apr 1, 2016 to “Buy”, Price Target of the shares are set at $18.
Box Inc opened for trading at $12.11 and hit $12.36 on the upside on Friday, eventually ending the session at $12.35, with a gain of 2.15% or 0.26 points. The heightened volatility saw the trading volume jump to 7,17,577 shares. Company has a market cap of $1,536 M.
In a different news, on Oct 9, 2015, Josh Stein (director) purchased 5,000 shares at $12.14 per share price. According to the SEC, on Oct 9, 2015, Aaron Levie (CEO) purchased 25,000 shares at $12.34 per share price.
Box Inc. provides a cloud-based mobile-optimized Enterprise Content Collaboration platform. The Company’s platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally build workflows and deploy compliance and security features. The Company’s platform works across multiple file formats application environments operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries such as healthcare and life sciences financial services legal services media and entertainment retail education energy and Government. The Company’s platform integrates with the applications of its technology partners including salesforce.com NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1300 iOS and Android third-party applications.