Tech & Comm Services
Box gained over 10% in early market trading on September 4. The stock surged after activist investor Starboard Value revealed that it held a 7.5% stake.
NetApp’s (NTAP) shares have fallen 21.3% in the last two trading days after the company announced preliminary results for its first quarter of fiscal 2020.
Box (BOX) has seen its stock fall considerably in the last year. The stock has fallen 28.6% in the last 12 months.
Box (BOX) stock is trading at $19.45. The stock is trading 24.4% above its 52-week low of $15.64 and 35.0% below its 52-week high of $29.79.
Box aims to build an industry-defining cloud content management platform that will drive digital business processes for enterprises.
Box is scheduled to announce its results for the first quarter of fiscal 2020 on June 3. Analysts expect Box to post revenues of $161.45 million.
Shares of enterprise content platform Box (BOX) fell 6.8% on May 13 to close trading at $18.87.
In the fourth quarter of fiscal 2019, Box was only able to close two deals worth $1 million or more, much lower than the nine such deals the company closed in the same quarter the previous year.
Company & Industry Overviews
Dropbox (DBX) appears to be exploring a venture into the digital signature market, which Stratistics MRC says is expanding at the rate of 30.0% annually.
Box beats earnings estimates Cloud storage company Box (BOX) reported its fiscal 4Q18 (quarter ended January 2018) earnings on February 28. The company’s revenue was in line with Wall Street estimates, while its earnings beat estimates. However, the company’s stock fell nearly 20% in after-hours trading due to a weak outlook. Box generated revenue of $136.7 […]