Why Box Rallied 15.7% This Week
Shares of enterprise content management software company (NYSE: BOX) rallied 15.7% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Box had earnings on Tuesday that came in ahead of expectations, along with a solid guide. While Box isn't posting eye-opening growth, it is doing a great job of expanding margins and prudently repurchasing stock.
In the second quarter, Box delivered 3% revenue growth to $270 million, with adjusted (non-GAAP) earnings per share of $0.44, which was up an impressive 22.2%. Both figures were ahead of analyst expectations.
Source Fool.com
Box Inc. A Stock
€29.50
-0.740%
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the Box Inc. A stock is not clear.
With a target price of 30 € there is a slightly positive potential of 1.69% for Box Inc. A compared to the current price of 29.5 €.
