Box Inc (BOX) is Initiated by Rosenblatt to Buy, Price Target at $25

Box Inc (BOX) was Initiated by Rosenblatt to “Buy” and the brokerage firm has set the Price Target at $25. Rosenblatt advised their investors in a research report released on Sep 26, 2016.

On the company’s financial health, Box Inc reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $-0.19. The company had revenue of $95.70 million for the quarter, compared to analysts expectations of $94.71 million. The company’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.28 EPS.

Box Inc opened for trading at $14.9 and hit $14.937 on the upside on Thursday, eventually ending the session at $14.81, with a gain of 0.34% or 0.05 points. The heightened volatility saw the trading volume jump to 6,92,388 shares. Company has a market cap of $1,892 M.

In a different news, on Sep 22, 2016, Daniel J Levin (President & COO) sold 5,000 shares at $14.60 per share price. According to the SEC, on Oct 9, 2015, Josh Stein (director) purchased 5,000 shares at $12.14 per share price. On Oct 9, 2015, Aaron Levie (CEO) purchased 25,000 shares at $12.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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 NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1300 iOS and Android third-party applications.

Box Inc

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