Box Inc (BOX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Box Inc (BOX) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. BOX said it had a profit of $-0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.19. The company posted revenue of $102.80 million in the period, compared to analysts expectations of $100.60 million. BOX’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.31 EPS.

Many Wall Street Analysts have commented on Box Inc. Rosenblatt Initiated Box Inc on Sep 26, 2016 to “Buy”, Price Target of the shares are set at $25.

Box Inc closed down -0.2 points or -1.29% at $15.29 with 6,59,977 shares getting traded on Tuesday. Post opening the session at $15.43, the shares hit an intraday low of $15.2 and an intraday high of $15.4935 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 13, 2016, Daniel J Levin (President & COO) sold 5,000 shares at $15.32 per share price. According to the SEC, on Sep 28, 2016, Jeff Mannie (VP Controller & Chief Acct Ofr) sold 3,756 shares at $14.67 per share price. On Oct 9, 2015, Josh Stein (director) purchased 5,000 shares at $12.14 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 salesforce.com 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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