|Bid||17.19 x 1100|
|Ask||17.99 x 800|
|Day's Range||17.11 - 17.36|
|52 Week Range||12.46 - 24.93|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.80|
Cloudera's (CLDR) third-quarter fiscal 2020 results reflect strong growth in annualized recurring revenues, offset by higher expenses.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Box (BOX) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shareholders of Box, Inc. (NYSE:BOX) will be pleased this week, given that the stock price is up 17% to US$18.62...
Box raised its full-year revenue forecast after reporting stronger than expected third-quarter revenue.
Box (NYSE:BOX), a leader in Cloud Content Management, today announced that Dylan Smith, co-founder and CFO, will participate in the Wells Fargo TMT Summit 2019 in Las Vegas on Tuesday, December 3, 2019.
Box (BOX) delivered earnings and revenue surprises of 0.00% and 1.51%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Box Inc raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition. Box raised full-year revenue forecast to a range of $693.7 million to $694.7 million compared with its earlier expectation of $690 million to $692 million, the midpoint of which is above analysts' estimate of $690.9 million, according to IBES data from Refinitiv. Demand for cloud storage has risen over the past year as companies shift work to cloud due to convenience and lower costs.
Box Inc. shares moved higher in after-hours trading Tuesday after the enterprise-software company reported better quarterly revenue than it had forecast. The cloud-storage company reported third-quarter losses of $39.2 million, or 28 cents a share, on sales of $177.2 million, up from $155.9 million a year ago. After adjusting for stock-based compensation and costs related to shareholder activism, Box reported a loss of a penny a share, improving from an adjusted loss of 6 cents a share last year. Analysts on average had expected an adjusted loss of 1 cent a share on sales of $174.7 million, after Box projected revenue of $174 million to $175 million. Box shares closed with a 1.8% gain at $16.76, then gained more than 5% in the extended session immediately after the results were announced. The stock has declined 1.1% so far this year, as the S&P 500 index has gained 25%.
Box raised full-year revenue forecast to a range of $693.7 million to $694.7 million compared with its earlier expectation of $690 million to $692 million, the midpoint of which is above analysts' estimate of $690.9 million, according to IBES data from Refinitiv. Demand for cloud storage has risen over the past year as companies shift work to cloud due to convenience and lower costs. Global spending on cloud infrastructure services rose 38% from a year earlier, research firm Canalys said in early-August.
Box Reports Revenue of $177.2 Million for Fiscal Third Quarter 2020, Up 14 Percent Year-Over-Year
Investors will be paying close attention to Best Buy and Dick’s Sporting Goods when they release quarterly results ahead of the opening bell Tuesday.
Though it is a shortened trading week due to Thanksgiving and Black Friday, investors will be paying close attention to the trade war and consumer.
Continuous development of new products and partnerships are likely to reflect on Box's (BOX) fiscal Q3 results. However, increasing investments in research and development might have been a concern.
Box (BOX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Box Inc. are off 1.8% in premarket trading Tuesday after JMP Securities analyst Erik Suppiger downgraded the cloud-storage stock to market perform from market outperform. He is worried that Box's October quarter was "challenging" and will show a slowdown in the company's business pipeline. "While we believe Box's goal of delivering margin expansion is a prudent objective, we think the changes could be disruptive in the near term and that they create execution risk at a time when the company is undergoing a significant product transition," he wrote. Box shares have risen 22% over the past three months, though they're down 1.9% over a one-month period. The S&P 500 has gained 7.1% over three months and 3.9% over the past month.
Anyone researching Box, Inc. (NYSE:BOX) might want to consider the historical volatility of the share price. Modern...
Box today announced that it will report financial results for its third quarter, which ended October 31, 2019, following the close of the market on Tuesday, November 26, 2019.
So far, earnings season hasn't been all that exciting. But it has at least been positive -- mostly. The S&P 500 has ground roughly 1.3% higher in the last nine sessions; the Nasdaq Composite has gained 1.5%. But the Dow Jones Industrial Average actually declined, thanks in part to weakness at components McDonald's (NYSE:MCD) and Boeing (NYSE:BA).Source: Shutterstock Of course, relatively placid overall trading, including a 0.19% increase in the S&P 500 on Thursday, includes some significant moves. Biogen (NASDAQ:BIIB) soared on Tuesday thanks to solid earnings and, more importantly, progress with an Alzheimer's treatment. Twitter (NYSE:TWTR) tanked on Thursday thanks to a huge whiff on ad revenue, two days after fellow social media play Snap (NYSE:SNAP) did the same. * 7 Top-Notch REITs to Buy for Income But Friday's three big stock charts highlight companies where the news hasn't been quite as significant, nor the moves quite as big. In all three cases, movement ahead is likely; the question is in which direction. In that way these big stock charts mirror the broad market, which means they may give some clues as to where still-choppy trading in U.S. equities is heading.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Microsoft (MSFT)For three months now, Microsoft (NASDAQ:MSFT) has been stuck in a narrow range. Not even yet another hugely impressive earnings report this week could change investors' minds. At some point, MSFT stock will make its move, but the question in the first of our three big stock charts is in which direction: * At the moment, the chart seems modestly bullish, as MSFT has established an uptrend since early August. Of course, investors could also go back to late July, and see resistance as holding repeatedly around $141. With 20-day and 50-day moving averages running right through the middle of the channel, the chart certainly seems like it's in the eye of the beholder. * Fundamental analysis seems to lead to a similar conclusion. Wall Street does see upside: the average price target for MSFT is $157, about 12% above current levels. But it's not as if Microsoft stock is cheap, at roughly 25x FY20 consensus earnings estimates even backing out net cash. This undoubtedly is a wonderful business, but it's certainly priced as such. * With a market cap now over $1 trillion, MSFT stock can move market indices on its own. But it might be the market that winds up moving MSFT stock at this point. If investors are willing to keep paying mid-20s earnings multiples for quality, the rally can continue. But as seen in July, even Microsoft stock is vulnerable if this earnings season, too, leads to market-wide pressure. Texas Instruments (TXN)Texas Instruments (NASDAQ:TXN) tumbled 7.5% on Wednesday after soft guidance given with its earnings report on Tuesday afternoon. As a result, the second of our big stock charts seems almost textbook from a technical perspective: * TXN moved higher in a solid channel, bouncing off moving averages repeatedly. A multiple top at $130, however, signaled risk ahead, as it often does. Now $118, a former resistance level, has turned to support, at least for now. * That analysis would seem to suggest that TXN is an attractive "buy the dip" candidate, and one with the potential to fill the gap over time. But on this site, Serge Berger made a different case, arguing that the move below near-term moving averages suggested more downside ahead. * I'd still lean toward the bullish side, and reports elsewhere in the sector add to the fundamental case. Intel (NASDAQ:INTC) jumped nicely after an earnings beat on Thursday afternoon. Supplier Lam Research (NASDAQ:LRCX) soared after a solid report of its own, and it and rival Applied Materials (NASDAQ:AMAT) proved to be canaries in the coal mine ahead of last year's sell-off. As a result, Texas Instruments' guidance looks like an outlier in the sector, and thus not necessarily a sign that business is headed for a sudden downturn. That interpretation adds to the sense from the chart that support will hold here, and that a bounce could be on the way. Box (BOX)The big news for Box (NYSE:BOX) on Thursday didn't come from earnings. Rather, strong commentary from major shareholder Starboard Value spiked the stock. Starboard CEO Jeff Smith said at a conference that Box was "very, very attractive and could be acquired."Starboard's initial stake helped drive the stock off an August bottom, which represented the stock's lowest levels in almost three years. Thursday's bounce puts BOX in an interesting spot technically: * BOX is aiming to break out of its downtrend and already has moved past 20- and 50-day moving averages. That's a combination that suggests a potential breakout could be on the way. * Fundamentally, the case gets a bit dicier. Box is an intriguing acquisition target, with the likes of Oracle (NYSE:ORCL) and Adobe (NASDAQ:ADBE) as logical buyers, according to Starboard. But at 70x forward earnings, it's hardly cheap. And it's trying to pivot to a more storage-focused model while competing with giants like Microsoft and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), to name just two. * That said, investing alongside Starboard certainly seems to make some sense. And the chart suggests some near-term upside. Add to that some help from the broad market -- namely a bounce for growth stocks more broadly -- and BOX could have a nice rally ahead.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cybersecurity Stocks to Keep Your Portfolio Safe * 7 Top-Notch REITs to Buy for Income * 5 Reasons Why I Still Believe in Hexo Stock The post 3 Big Stock Charts for Friday: Microsoft, Texas Instruments, and Box appeared first on InvestorPlace.
(Bloomberg) -- Activist investor Starboard Value contends Box Inc. has underperformed its competitors due to a slowing growth rate and poor profitability and could be an attractive takeover target.Starboard sees the software maker as having multiple avenues to unlock value, including accelerating growth, striking a better balance between its sales growth and profitability, or potentially even seeking a buyer.“We believe this company is very, very attractive and could be acquired,” Starboard Chief Executive Officer Jeff Smith said Thursday at the C4K Investors Conference in Toronto.Box’s shares rose as much as 4.5% in New York trading. They closed up 3.7% to $16.36, giving the company a market value of $2.42 billion.Starboard disclosed a 7.5% stake in Redwood City, California-based Box last month, putting more pressure on the company, which has struggled to accelerate sales and become more profitable.Preferred AvenueSmith said later Thursday in an interview with Bloomberg TV his preferred avenue for the company to create value wasn’t through a sale. He acknowledged several potential strategic buyers, such as Adobe Inc. or Oracle Corp., along with private equity firms, may be interested in acquiring Box.A representative for Box declined to comment.Box is facing problems similar to those of other companies whose organic growth has slowed while having trouble shifting their model, Smith said. Box hasn’t met lofty sales growth targets that are common in the cloud-computing market, as it tries to transition to a broader software suite from from its current data-storage products.“The issue comes when you’re promising more growth than you’re achieving and you’re not able to pivot and balance that profitability and instead, as you may see in Box, you instead continue to spend more and more dollars chasing that growth,” Smith said. “Those companies that are reaching that level really need to also understand how to balance profitability.”Starboard has been one of the busiest activists this year, launching 10 campaigns, according to data compiled by Bloomberg. Those targets have included Dollar Tree Inc., EBay Inc., Bristol-Myers Squibb Co. and Papa John’s International Inc., where Smith was appointed chairman in February.(Updates with closing share price in fourth paragraph.)\--With assistance from Michael Bellusci, Erik Schatzker, Nico Grant and Josh Friedman.To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Hema Parmar in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.