The stock of Box Inc (NYSE:BOX) is a huge mover today! About 686,445 shares traded hands. Box Inc (NYSE:BOX) has risen 40.09% since March 1, 2016 and is uptrending. It has outperformed by 30.84% the S&P500.
The move comes after 7 months positive chart setup for the $2.16 billion company. It was reported on Oct, 4 by Barchart.com. We have $22.26 PT which if reached, will make NYSE:BOX worth $756.00M more.
Box Inc (NYSE:BOX) Ratings Coverage
Out of 10 analysts covering Box Inc (NYSE:BOX), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Box Inc (NYSE:BOX) earned “Hold” rating by Canaccord Genuity on Thursday, September 10. On Monday, July 27 the stock rating was upgraded by Pacific Crest to “Overweight”. The firm earned “Outperform” rating on Tuesday, December 22 by JMP Securities. The rating was upgraded by Oppenheimer on Friday, August 7 to “Outperform”. JP Morgan downgraded it to “Neutral” rating and $14 target price in Thursday, June 2 report. JP Morgan upgraded the shares of BOX in a report on Friday, October 16 to “Overweight” rating. On Friday, September 16 the stock rating was initiated by Mitsubishi UFJ with “Neutral”. As per Monday, September 26, the company rating was initiated by Rosenblatt. The stock of Box Inc (NYSE:BOX) earned “Outperform” rating by Credit Suisse on Tuesday, January 19. The rating was upgraded by Canaccord Genuity on Friday, September 25 to “Buy”.
According to Zacks Investment Research, “Box, Inc. is a provider of a cloud -based product platform. Its solution include Box OneCloud, FTP alternative, document management, executive boardroom, project management, virtual data room, marketing asset management, sales portal and secure enterprise mobility. The company’s platform offers content management and collaboration, storing, sharing and managing files. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment as well as retail industry. Box, Inc. is headquartered in Los Altos, California.”
More notable recent Box Inc (NYSE:BOX) news were published by: Fool.com which released: “Why Shares of Box Inc. Soared 15% in September” on October 03, 2016, also Investorplace.com with their article: “Trade of the Day: Box Inc (NYSE:BOX)” published on September 12, 2016, Fool.com published: “Why Jack in the Box Inc. Stock Jumped 13% in August” on September 10, 2016. More interesting news about Box Inc (NYSE:BOX) were released by: Bloomberg.com and their article: “Box Banks on New Product Built With IBM to Reach More Business Customers” published on September 06, 2016 as well as Reuters.com‘s news article titled: “Google and Box partner on document storage in the cloud” with publication date: September 07, 2016.
BOX Company Profile
Box, Inc., incorporated on March 11, 2008, 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 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. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types. The software integrates with enterprise business applications, and is compatible with various application environments, operating systems and devices, ensuring that workers have access to their business content. It offers individuals a free basic version of the Box platform that allows them to experience its solution.
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