U.S. markets closed
  • S&P Futures

    4,410.00
    +20.00 (+0.46%)
     
  • Dow Futures

    34,279.00
    +122.00 (+0.36%)
     
  • Nasdaq Futures

    14,533.00
    +106.50 (+0.74%)
     
  • Russell 2000 Futures

    1,995.30
    +9.90 (+0.50%)
     
  • Crude Oil

    85.69
    +0.55 (+0.65%)
     
  • Gold

    1,835.80
    +4.00 (+0.22%)
     
  • Silver

    24.35
    +0.03 (+0.14%)
     
  • EUR/USD

    1.1344
    +0.0027 (+0.24%)
     
  • 10-Yr Bond

    1.7470
    -0.0860 (-4.69%)
     
  • Vix

    28.85
    +3.26 (+12.74%)
     
  • GBP/USD

    1.3555
    -0.0045 (-0.33%)
     
  • USD/JPY

    113.7400
    -0.3600 (-0.32%)
     
  • BTC-USD

    36,262.91
    +1,235.56 (+3.53%)
     
  • CMC Crypto 200

    870.86
    +628.18 (+258.85%)
     
  • FTSE 100

    7,494.13
    -90.88 (-1.20%)
     
  • Nikkei 225

    27,522.26
    -250.64 (-0.90%)
     

BOX Gets Picked by U.S. General Services Administration

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • MSFT
  • AMD
  • ON
  • BOX

Box BOX is leaving no stone unturned to expand the customer base on the back of a robust portfolio of solutions.

This is evident from the fact that the company’s e-signature capability named Box Sign technology recently got selected by the U.S. General Services Administration (“GSA”).

GSA will leverage Box Sign through Systems Engineering Solutions Corporation’s solution components for a seamless signing experience.

By using Box Sign, GSA will be able to speed up the contract signature procedure and secure the entire agreement management process.

Thus, the Box Sign technology will help GSA to seamlessly digitize, manage and govern agreements in the cloud.

Box, Inc. Price and Consensus

Box, Inc. Price and Consensus
Box, Inc. Price and Consensus

Box, Inc. price-consensus-chart | Box, Inc. Quote

Expanding Clientele

Apart from the latest partnership, some leading government organizations have leveraged Box’s technologies to digitize and modernize their functionalities.

Previously, the U.S. Department of Health and Human Servicesselected Box for providing an advanced technical edge to healthcare services in the country.

Box has also been chosen by the Washington State Department of Health for offering critical information related to the coronavirus pandemic and healthcare facilities by leveraging its cloud content management platform.

In addition, the company collaborated with the Defense Contract Management Agency, wherein the latter will leverage Box’s cloud content management platform for workload operations and reducing operating costs.

Further, Box is used by NASA for securing content cloud collaboration and managing critical processes of flight operations.

We believe its strengthening product portfolio will continue to drive customer momentum in the days ahead, which in turn will benefit financial performance. This will aid the company in winning investors’ confidence.

Box has gained 42.6%, outperforming the Zacks industry’s 14.2% growth on a year-to-date basis.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research

Portfolio Strength

Box’s expanding collaboration with government organizations highlights the efficiency and reliability of thestrengthening product portfolio.

The company recently launched Box Shuttle, which helps in the seamless transfer of large content to the Box Content Cloud.

Additionally, the introduction of Box Shield — with advanced security features for preventing accidental data leaks and protecting cloud content — remains noteworthy.

Further, Box has integrated with Microsoft’s MSFT Office Software Suite named Microsoft 365 so that customers can seamlessly and securely work in the cloud.

The partnership with Microsoft includes integrations of Box with Teams and Box Shield with Office 365 as well as new advancements in Box for Microsoft Office Online and Box Connector for Microsoft Graph.

Zacks Rank & Other Stocks to Consider

Currently, Box carries a Zacks Rank #2 (Buy).

Investors interested in the broader technology sector can also consider other top-ranked stocks like ON Semiconductor ON and Advanced Micro Devices AMD. While ON Semiconductor sports a Zacks Rank #1 (Strong Buy), Advanced Micro Devices carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

ON Semiconductor has gained 77.8% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 53.9%.

Advanced Micro Devices, currently carrying a Zacks Rank #2, has gained 59.2% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report

Microsoft Corporation (MSFT) : Free Stock Analysis Report

Box, Inc. (BOX) : Free Stock Analysis Report

ON Semiconductor Corporation (ON) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research