BOX - Box, Inc.
15.75 -0.13 (-0.82%)
After hours: 7:00PM EST
| Previous Close | 16.17 |
| Open | 15.25 |
| Bid | 15.75 x 800 |
| Ask | 15.89 x 1300 |
| Day's Range | 15.08 - 16.00 |
| 52 Week Range | 12.46 - 24.93 |
| Volume | 3,001,233 |
| Avg. Volume | 1,630,591 |
| Market Cap | 2.376B |
| Beta (5Y Monthly) | 1.41 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.91 |
| Earnings Date | Feb 25, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 17.89 |
- Business Wire
Box to Present at the Morgan Stanley Technology, Media, & Telecom Conference
Box, Inc. (NYSE:BOX), a leader in cloud content management, today announced that members of its management team will present at the Morgan Stanley Technology, Media, & Telecom Conference on Monday, March 2, 2020.
- PR Newswire
Moore Kuehn, PLLC Encourages Investors of PRU, BOX, and SIX to Contact Law Firm
Moore Kuehn, PLLC, a securities law firm located on Wall Street in downtown New York City, is investigating potential claims involving directors and officers regarding possible breaches of fiduciary duties and other violations of law related to whether insiders, as alleged in federal securities lawsuits, caused their companies to make false and/or misleading statements and/or failed to disclose, among other things, that:
- American City Business Journals
Fortune's picks for best companies to work for include these 14 Bay Area businesses
The 14 big Bay Area companies that ranked among Fortune's best places to work included at least two that boasted of having a workforce of either more than 50 percent women or minorities.
- Simply Wall St.
Is Box, Inc.'s (NYSE:BOX) CEO Overpaid Relative To Its Peers?
Aaron Levie has been the CEO of Box, Inc. (NYSE:BOX) since 2005. This analysis aims first to contrast CEO compensation...
- Bloomberg
Cloud Companies Chase Future in Cybersecurity ‘Wild West’
(Bloomberg) -- In March, VMware Inc. Chief Executive Officer Pat Gelsinger took the stage at a premier cybersecurity conference to deliver a cutting message to attendees: The industry had failed its customers and many of the companies were akin to ambulance chasers.“We have 6,000 products, 5,000 companies, highly fragmented, (and) not operational,” Gelsinger recalled telling those at the RSA Conference in San Francisco. “We’re the fastest growing line item for IT and the number and scope of breaches has increased.”The reaction: “There were people who wanted to kill me,’’ he said. “There were people who considered me a prophet of the future.”Five months after Gelsinger’s speech, VMware entered the fray, buying cybersecurity company Carbon Black Inc. for $2.1 billion, and joining an estimated 5,600 companies that offer security hardware, software or services. VMware, majority owned by Dell Technologies Inc., and Box Inc. are among the software makers that have targeted the area as the next frontier for growth. Businesses are spending more to protect their information in an era when cyber-attacks have become more frequent and data is moving from corporate servers to huge public cloud-computing vendors.Companies spent $112.7 billion on information security and risk management in 2018, and are projected to increase that outlay almost 9% more per year through 2022, according to research firm Gartner Inc. Still, with the industry so diverse, and so many niche products available, it will be difficult for any new entrant to capture a big share of the business, said Erik Suppiger, an analyst at JMP Securities. “Security is a very specialized technology and it’s difficult to replicate the culture of security innovation at a company that’s not focused on security,” Suppiger said in an interview. “When you have other companies trying to expand beyond their core focus, I think a lot of times they are more successful if it’s adjacent to what they do. It’s when they move beyond a good complement that they get into trouble.”The top public cloud companies, Amazon.com Inc., Microsoft Inc. and Alphabet Inc.’s Google also have started to develop add-on security tools to protect clients’ data on their platforms, suggesting another new, powerful force in the industry.“We haven’t seen them dominating yet, but they are in a very good position,” Suppiger said of the three cloud titans.Despite the market chaos, Gelsinger sees an opportunity for VMware. It plans to integrate Carbon Black’s data-protection product with its existing software and sell them as a suite.“We’re going to redefine the category to say if you’re not a platform and you’re not doing management and security, you’re part of the problem, not part of the solution,” he said.VMware makes software that allows customers to combine multiple tasks on a single server, and is trying to shift to selling more programs that help companies run applications in the cloud and in their own data centers. For years, the 22-year-old company has sought new avenues to boost sales growth, including networking solutions and products that authenticate the identities of those accessing corporate devices and systems.Revenue growth of about 12% year over year for the last four quarters hasn’t matched business cloud applications companies such as Salesforce.com Inc. or Adobe Inc., which regularly post quarterly revenue gains of more than 20%.While no individual companies dominate the market the way former titans McAfee and Symantec once held sway, VMware’s Carbon Black competes with Crowdstrike Inc., a Wall Street favorite since it went public last June. Carbon Black makes software that helps companies detect malicious behavior on their systems. Gelsinger said he considered buying Crowdstrike and others, but dismissed the notion of spending one-third of his company’s $60 billion market capitalization on “one solution.”Instead, VMware is betting it can capture bigger deals by integrating Carbon Black’s tools and selling them through its existing, much-larger salesforce.Suppiger said VMware’s entrance into the market is unlikely to rattle rivals.“I don’t view them as a major threat to the vendor landscape in the endpoint space,” Suppiger said. “There’s a pretty strong case to be made that Crowdstrike is out-executing Carbon Black as part of VMware.”Other companies may emerge as targets for those looking to bolster their positions in the cybersecurity market. Dell is said to be exploring a sale of RSA Security, which it hopes could fetch at least $1 billion, Bloomberg News reported in November. CrowdStrike remains a coveted asset, as is Zscaler Inc., which provides web and mobile security, and analysts have pointed to Palo Alto Networks Inc., though its $24 billion market value makes it an expensive acquisition.Box CEO Aaron Levie, too, sees cybersecurity as a way to expand. His company’s sales growth dropped to less than 20% a quarter in the current fiscal year—far slower than many of its cloud peers.Last October, Box launched a security product, Shield, that’s meant to help companies reduce data leaks through additional controls. The introduction of the new product coincided with activist investor Starboard Value LP taking a stake in the Redwood City, California-based software maker, pushing the company to increase sales growth and make a profit.Box’s future will be determined, in part, on how well it can sell Shield. Levie said he came to believe that a security product would be a natural evolution for the company that sells file-sharing and collaboration tools.In “a world where companies are sharing and collaborating inside and outside of their organizations, you need an all-new security model to protect information that flows between companies,” he said.For all of VMware CEO Gelsinger’s complaints about how fractured the cybersecurity market is, Suppiger still sees the best solutions coming from smaller companies that concentrate on specific problems. But the market remains wide open.“Cloud security is still the wild, wild west where the competitive dynamics have yet to really play out,” Suppiger said.To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Box Sets Date to Announce Fourth Quarter and Fiscal 2020 Financial Results
Box (NYSE:BOX) today announced that it will report financial results for its fourth quarter and fiscal year, which ended January 31, 2020, following the close of the market on Wednesday, February 26, 2020. On that day, Box’s management will hold a conference call and webcast at 2:00 p.m. PT to discuss Box’s financial results and business developments.
- GuruFocus.com
Wallace Weitz Slims Down Long-Held Stake in Intelligent Systems
Guru trims position in software company Continue reading...
- Zacks
CrowdStrike (CRWD) Looks Good: Stock Adds 8.6% in Session
CrowdStrike (CRWD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
- Simply Wall St.
A Look At The Fair Value Of Box, Inc. (NYSE:BOX)
In this article we are going to estimate the intrinsic value of Box, Inc. (NYSE:BOX) by taking the expected future...
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The Zacks Analyst Blog Highlights: Baidu, Fortinet, Keysight, Box and NVIDIA
The Zacks Analyst Blog Highlights: Baidu, Fortinet, Keysight, Box and NVIDIA
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- Insider Monkey
How Did Box, Inc. (BOX) Compare Against Top Hedge Fund Stocks in 2019?
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]
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The Zacks Analyst Blog Highlights: Box, Vipshop, Pure Storage, MFA and Cronos
The Zacks Analyst Blog Highlights: Box, Vipshop, Pure Storage, MFA and Cronos
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5 Cheap Stocks Trading Under $20 to Buy for 2020
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- InvestorPlace
Best Stocks for 2020: Hercules Capital Stock Is Great Election-Proof Play
Editor's note: This column is part of our Best Stocks for 2020 contest. Neil George's pick for the contest is Hercules Capital (NYSE:HTGC).2020 should be setting up for a challenging stock market. After all, 2019 has been a solid success with a huge performance from the base of the S&P 500. As of this writing, that index has returned 26%. Driving that return has been a U.S. economy which remains in growth mode while other major global economies are sluggish or in near recessionary conditions. U.S.-centric companies have been the go-to for successful portfolios and I see the same for much of 2020.But there is a catch.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Nov. 3, 2020, there is a general election in the U.S. And this brings a whole lot of uncertainty as to how potential leadership changes in Washington may change the economic and business landscape.My single stock recommendation for 2020 is set up to continue to capitalize on the U.S. economy. But it's also capable of dealing with potential changes in government.It is one of a great collection of companies that is set up under the Investment Companies Act of 1940 as well as the Small Business Investment Incentives Act of 1980. Under these laws, the company can make specific investments in its operations while avoiding federal income taxes. This means shareholders receive more cash. And the company can even reinvest without sharing more cash with the U.S. Treasury. Business Development CompaniesThis format is known as a business development company (BDC) and allows my pick to provide loans and financing to companies much like commercial banks. But unlike commercial banks, BDCs are shielded from the litany of regulatory woes which continue to plague banks after the 2007-2008 financial mess.This means that BDCs can operate without the onerous capital and compliance costs which have crippled many of the commercial banks in the U.S. This means lower costs and better operating margins. And it shows up in a much better efficiency ratio, which measures how much it costs to generate each dollar of revenue. * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade Unlike commercial banks, these companies don't need to rely on deposits. Given the current yield environment, deposits are still costly when compared to lending rates for short- to intermediate-term loans. This means better net interest margins.And then we get back to the elections. There has been a lot of rhetoric over re-regulating or further restricting U.S. banks and financial institutions by some on the campaign trail. And while major banks do have a lot to fear -- none of this is focused on my pick and its peers in BDC segment.This makes the company an under-the radar-opportunity which has been faring well and should continue to fare well into 2021 regardless of electoral results.And it is not just about the structure of the company, but its focus and successful history in providing and capitalizing on one of the U.S. economy's best growth segments in technology. Alchemy InvestingTechnology is like alchemy. Whether it is taking grains of silicon and transforming it into the must-have new electronic gizmo or generating innovative ideas that propel services to transform industries, it makes something near worthless into riches.And the epicenter for global tech is Silicon Valley, in the pleasant town of Palo Alto, California.This is where so many modern technologies have been conceived, developed and brought to eager markets. And those behind the whiz-bang products and services often become billionaires in the process.But this isn't just something that happens. Just as there have been many tech titans that have created and built impressive companies, there are many more that that never make it out of their parent's garages. This is where financial backing and guidance come in. Ideas are only as good as they can be brought to the market. Companies are only as good as their management and their labs. Best Stocks: Hercules CapitalSource: Chart by BloombergOne of the best companies that specializes in investing and guidance is Hercules Capital (NYSE:HTGC).Based in the heart of Palo Alto, Hercules is an investment company that focuses on financing and guiding technology from start to IPO. It is structured as a BDC, which as noted above, means that as an investment company it does not pay corporate income tax but pays its shareholders its profits on a pass-through basis.The company has more than 350 current investments in varied groups of technologies. They include internet consumer services, clean and green technology businesses, and drug development companies.It has a long track record of participating in many successful companies -- including some in its current portfolio. They've included Box (NYSE:BOX), the cloud-based storage company; Pinterest (NYSE:PINS) in social media; FanDuel in gaming/gambling; Sling Media in video steaming; Ancestry.com for history and green energy companies including BrightSource Energy.The company scouts out innovators in various stages of development. And in turn, it creates financing to fund their development. But beyond just making loans, it also takes equity stakes in the companies either directly or via warrants. These stakes provide the ability to cash in when companies complete their IPOs or other exit strategies.It has been in the business since 2004, and since coming to the public market in June 2005, it has generated a return for investors of 353.1% which equated to an average annual equivalent of 11% per year.And for 2019 year-to-date, it has generated a return of 42% -- well above the S&P 500. Hercules By the NumbersSource: Chart by BloombergThe company continues to ramp up revenues, with the average over the trailing three years running at gains of 9.8%. And as noted above, revenue gains over the past four quarters have been accelerating with the recent reported quarter showing gains of 31.6%.Its net interest margin is more than ample at 9.4%, which means that its cost of funds is significantly below its loan revenues. This is a dream of most banks trying to compete with HTGC.And unencumbered by regulatory woes, its efficiency ratio is running at 52.5%, meaning that it only costs 52.5 cents for each dollar of revenue. This again is an envy of many traditional lenders in the U.S.HTGC's efficiency ratio means a return on its assets of 5.4% -- which is multiples of traditional lending banks. And the return on equity is also an ample 10.7%.Leverage is not a threat, as its debts are a mere 49.8% of assets. This means that if the U.S. credit markets run into issues for 2020-2021, the company is in good credit condition. The Bottom Line on HTGC StockSource: Chart by BloombergNow comes some really good news about the company. The current dividend yield is running at 9%. And the regular distribution is running at 32 cents per share, and has been on the rise. Just over the past year it has risen by 5.6%, continuing a nine-year long pattern.And it gets better. Hercules also pays regular special dividend distributions throughout the year, bringing the annual dividend yield up to 9.4%.Now, you might expect to pay up for the stock of such a good company. But it is only valued at 1.4 times its impressive book of assets. And that book value continues to advance so that investors aren't just getting a rising stock price, but rising underlying assets.All of this comes down to a well-run technology investment company with tax advantages and big and rising dividends. 2020 and beyond should be rewarding for this alchemy investment in Hercules Capital.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post Best Stocks for 2020: Hercules Capital Stock Is Great Election-Proof Play appeared first on InvestorPlace.
- Bloomberg
Oracle Projects Revenue In Line With Analysts’ Estimates
(Bloomberg) -- Oracle Corp. gave a sales forecast for the current quarter that was in line with analysts’ estimates, signaling muted demand for the company’s software amid its uneven transition to cloud computing.Revenue will increase 1% to 3% in the fiscal third quarter, Chief Executive Officer Safra Catz said Thursday on a conference call with analysts. Wall Street projected a 2.3% jump.Earlier, the world’s second-largest software maker reported sales gained less than 1% to $9.61 billion in the period that ended Nov. 30, short of analysts’ projections of $9.65 billion. Shares declined 3% in extended trading after closing at $56.47 in New York. The stock has gained 25% this year.Oracle’s report was the first since the October death of Mark Hurd, its top sales executive and one of the company’s two chief executive officers. Chairman Larry Ellison said on the call that the company had no plans to replace Hurd, leaving Catz as sole CEO. He pointed toward Oracle’s next line of executives, who lead business divisions, saying, “those people will be the next CEO when Safra and I retire, which will be no time soon.”Since Hurd’s death, Ellison and Catz have sought to reassure investors about the company’s stability, emphasizing Oracle’s advantage in the market for financial planning applications, where it’s seeing some of its strongest sales growth.While Oracle has made little headway in its effort to compete with the biggest cloud companies to rent computing power and storage, it remains a leader in database software. Now, the company is betting on its new Autonomous Database, which runs without a need for human administrators, to spur revenue in the face of strong competition from Amazon.com Inc.’s cloud division.After inconsistent sales growth the past five years, Catz pledged to investors in September that revenue would accelerate this fiscal year and next, and that earnings per share would grow by a double-digit percentage. To help reach that goal, the company that month announced a new artificial intelligence-driven operating system, as well as partnerships with software makers such as VMware Inc. and Box Inc.In the fiscal second quarter, revenue from cloud services and license support climbed 2.6% to $6.8 billion. While that metric includes sales from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ corporate servers.Cloud license and on-premise license sales decreased 7.5% to $1.13 billion in the period, suggesting the company is signing fewer new deals.Profit, excluding certain items, was 90 cents a share, compared with analysts’ average estimate of 89 cents. In the current quarter, Oracle projected earnings of 95 cents a share to 97 cents a share. Analysts, on average, estimated 96 cents a share.(Updates with forecast in the second paragraph)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Thomson Reuters StreetEvents
Edited Transcript of BOX earnings conference call or presentation 26-Nov-19 10:00pm GMT
Q3 2020 Box Inc Earnings Call
- Yahoo Finance
Why this stealth tech company's stock has surged 80%
Smartsheet has flown completely under Wall Street's radar. Yahoo Finance speaks with the company's CEO Mark Mader.
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Cloudera (CLDR) Q3 Earnings Beat Estimates, Revenues Jump Y/Y
Cloudera's (CLDR) third-quarter fiscal 2020 results reflect strong growth in annualized recurring revenues, offset by higher expenses.
- Insider Monkey
Hedge Funds Are Crazy About Box, Inc. (BOX)
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 […]
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Box (BOX) Moves to Buy: Rationale Behind the Upgrade
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.
- Simply Wall St.
Box, Inc. Just Released Its Third-Quarter And Analysts Have Been Updating Their Estimates
Shareholders of Box, Inc. (NYSE:BOX) will be pleased this week, given that the stock price is up 17% to US$18.62...
