|Bid||15.79 x 1000|
|Ask||15.80 x 800|
|Day's Range||15.64 - 16.18|
|52 Week Range||12.46 - 24.93|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.80|
Oct.24 -- Jeffrey Smith, Starboard Value chief executive officer, discusses the company's stake in Box Inc. with Bloomberg's Erik Schatzker on "Bloomberg Markets: The Close."
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.
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
Box (BOX), a leader in Cloud Content Management, today announced that it was named a Leader in “IDC MarketScape: Worldwide SaaS and Content-Enabled Content Applications 2019 Vendor Assessment” (doc # US44752819, September 2019). In the report, Box was recognized “As one of the first multitenant SaaS vendors to offer a cloud content management solution” delivering “continuous innovation and continuous deployment of content life-cycle capabilities in addition to its feature-rich collaboration and file sharing.” The report excerpt can be viewed here.
Box, Inc. (BOX) a leader in Cloud Content Management, today announced a commitment to build a new integration between Splunk and Box Shield, Box’s advanced set of content security controls and intelligent threat detection capabilities. Built natively into Box, Box Shield helps prevent data leakage, detects potential access misuse, and proactively identifies threats. "As organizations move sensitive content to the cloud, the need to protect against data leakage from negligent user behavior and malicious insider threats is greater than ever,” says Jeetu Patel, Chief Product Officer at Box.
Box (BOX) today announced plans with Adobe to deeply integrate a full-featured Acrobat web experience, including powerful capabilities to modify, organize, sign, and collaborate on PDFs directly in Box. The new integration will seamlessly connect collaborative workflows for enterprises who rely on Box and Adobe, making it easier and more secure to work with digital documents in the cloud. “With our new integrations with Adobe Acrobat tools, enterprises will be able to work fully in the cloud.
Tomorrow at BoxWorks 2019, Box (BOX), a leader in cloud content management, will showcase several advancements to help enterprises secure their most important information, drive seamless internal and external collaboration and workflows, and integrate their content across all the applications their teams use every day. The company will preview enhancements to Box Shield, Box Relay, new integrations with IBM to deliver artificial intelligence (AI) and security capabilities, a new Box for Slack integration, and a new Box for Microsoft Teams integration.
Oracle (ORCL) forms alliance with Box with an aim to aid enterprises to access and manage critical content and accelerate digital workflows efficiently.
SAN FRANCISCO, Sept. 18, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced a collaboration with Box that will allow customers to connect their cloud and on-premises Oracle and third-party applications with Box via Oracle Integration. Through this integration, enterprise customers will be able to seamlessly connect applications with Box as their unified cloud content management layer to power secure collaboration and workflows around their most valuable content in the cloud.
The Russell 2000 index, the benchmark for small-cap investing, is officially in correction. The index is down 14% from its 52-week high point. At the same time, the S&P 500 is only 4% down, making an odd juxtaposition that signals investors are reluctant to back smaller companies. Tavis McCourt, of Raymond James, describes the current market environment as “a classic liquidity premium, and noticeable in all recent periods of global economic fear.”Aside from the economic implications, this situation makes it all too easy to miss some fine investments among the smaller tech firms. We’ll take a look here at three small-cap tech companies from the TipRanks Stock Screener, that merit close attention from investors. Two have shown sustained gains, and the third has shown a recent jump after strong earnings. All three offer innovative products in the cloud computing industry. Okta, Inc. (OKTA)Okta went public just two years ago, in 2017, and has since reached a market cap of $14.6 billion. The company specialized in identity and access management, offering cloud-based solution for managing user authentication and identity controls. Earlier this year, Okta boasted over 100 million registered users on its networks. Since going public, OKTA shares have appreciated steadily, and the stock is now trading at over 5 times its initial value.All of that makes OKTA a compelling buy. Cowen’s Nick Yako lays out a vigorously bullish case for this fast-growing tech company. He writes, “Large enterprise adoption remains a key driver for the company. OKTA continues to add customers at a healthy clip, adding 450 net new customers in the quarter… The company also continues to have success growing its enterprise customer base, which it defines as customers with average contract value (ACV) of $100K+. Moreover, OKTA added 80 new enterprise customers in the quarter, as large customer growth once again outpaced overall customer growth.” His price target, $150, suggests room for 23% more growth.Needham analyst Alex Henderson agrees that OKTA is a strong buy and a growth case. While he does not set a price target, he does say, “Expect 31-34% growth for the October quarter, which leaves plenty of room for upside.”Okta’s analyst consensus rating is a Moderate Buy, derived from 8 buys and 4 holds. OKTA shares are selling for $121, and the average price target of $141 suggests a 16.8% upside. Coupa Software, Inc. (COUP)Coupa has quickly positioned itself as a leader in Business Spend Management, offering cloud software that permits managers to track and control the money and resources companies spend. It’s a niche market, but one with true potential, as Coupa offers a service that every business absolutely needs. The company’s growth tells the tale: in the last three years, COUP has climbed from $29 per share to $146. Even the market correction in the second half of 2018 did not seriously derail Coupa’s upward trajectory.Writing from Oppenheimer, 5-star analyst Koji Ikeda notes “the strong momentum the business is displaying will likely continue in the future unabated, and with Pay generating strong initial interest, more "good results" are on the way.” Ikeda also appreciated that the company has recently raised its growth outlook. In turn, he raised his price target by 6.25%, to $170, suggesting an upside potential of 14%.RBC Capital’s Alex Zukin is also bullish on Coup, giving the stock a $165 target and 11% upside. He says, “The company's best-in-class position in application platform, along with a large networked user/supplier community make it a legitimate market standard... We believe that Coupa Software has a long runway toward sustaining growth rate of over 30% and meaningful near-term upside potential.”Overall, COUP shares hold a Moderate Buy from the analyst consensus. This rating is based on 10 buys and 4 holds given in the past three months. The average price target of $157 implies a 5.7% upside premium from the share price of $148. Box, Inc. (BOX)Of the stocks in this list, BOX carries the highest risk. Box is another cloud software company, offering content management and file sharing as its specialty. The company has been volatile in the past year, and operates at a loss, but the Q2 earnings report showed spots of good news. Revenues, at $172.5 million, were well above the $169.5 million forecast, up 20% year-over-year. The guidance for the current quarter was set at $174 to $175 million – far above the $73.6 expected. Full-year revenue guidance is also bullish, at $690+ million.Company CEO Aaron Levie said in the earnings call, “With the combination of a large installed base of enterprise customers, strong product roadmap and advanced capabilities and focus on improved sales productivity, we feel confident in our ability to capitalize on the opportunities ahead.” His optimism was shared by investors, and BOX shares have gained 23% since the quarterly report.It’s a bullish picture, but Chad Bennett of Craig-Hallum set out the bear case: “The time has come for material changes in leadership… Box is potentially an activist investor's dream, but five of the nine board members being founders or venture capitalizes presents a bit of a roadblock.” Bennett says to Hold this stock, with a price target of $15.Well Fargo analyst Philip Winslow makes the case for the bulls. His $20 price target implies an upside of 14% for the stock, and explains, “We see two primary avenues to potentially unlock shareholder value, namely growth versus margin and M&A.”Overall, BOX has a Moderate Buy from the analyst consensus, based on 4 buys and 3 holds. Shares are continuing to gain, and the price is up to $17.41 after the bullish quarterly report, slightly above the $17 average price target.Visit TipRanks Trending Stocks page to find Wall Street's best-rated stocks right now.