The stock of Box Inc (NYSE:BOX) is a huge mover today! About 1.71M shares traded hands or 139.05% up from the average. Box Inc (NYSE:BOX) has risen 16.72% since April 28, 2016 and is uptrending. It has outperformed by 10.79% the S&P500.
The move comes after 9 months positive chart setup for the $1.91B company. It was reported on Dec, 1 by Barchart.com. We have $15.76 PT which if reached, will make NYSE:BOX worth $95.50M 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. Oppenheimer upgraded the stock to “Outperform” rating in Friday, August 7 report. Pacific Crest upgraded the stock to “Overweight” rating in Monday, July 27 report. The company was maintained on Thursday, September 10 by Canaccord Genuity. JP Morgan upgraded the shares of BOX in a report on Friday, October 16 to “Overweight” rating. The firm has “Equal-Weight” rating given on Thursday, March 10 by Morgan Stanley. The rating was initiated by JMP Securities with “Outperform” on Tuesday, December 22. The stock has “Neutral” rating given by JP Morgan on Thursday, June 2. The rating was upgraded by Bank of America on Tuesday, November 24 to “Buy”. The firm has “Neutral” rating given on Friday, September 16 by Mitsubishi UFJ. Credit Suisse maintained Box Inc (NYSE:BOX) rating on Tuesday, January 19. Credit Suisse has “Outperform” rating and $24 price target.
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 recent Box Inc (NYSE:BOX) news were published by: Wsj.com which released: “Box Boosts Outlook as Sales Rise 31%” on November 30, 2016. Also Investorplace.com published the news titled: “3 Stocks to Watch on Thursday: Box Inc (BOX), Guess?, Inc. (GES) and Synopsys …” on December 01, 2016. Nasdaq.com‘s news article titled: “What’s in the Cards for Box, Inc. (BOX) in Q3 Earnings?” with publication date: November 28, 2016 was also an interesting one.
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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