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