|Bid||17.50 x 1400|
|Ask||17.51 x 1200|
|Day's Range||17.34 - 17.62|
|52 Week Range||12.46 - 24.93|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 26, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.33|
Shareholder rights law firm Robbins Arroyo LLP reminds shareholders that a purchaser of Box, Inc. filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between November 28, 2018 and June 3, 2019.
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.
Box CEO Aaron Levie says his company is focused on growth and profitability, as well as extracting more value out of its current customer base.
Box stock is on the move Wednesday following news of an investment from Starboard Value.Source: Sundry Photography / Shutterstock.com The news about the stake in Box (NYSE:BOX) from Starboard comes via a filing with the U.S. Securities and Exchange Commission (SEC). In this filing, the investor reveals that they now have 11 million shares of BOX stock.That 11 million shares of Box stock gives Starboard Value a nice stake in the company. It now has a roughly 7% stake, which is enough for it to throw its weight around when it comes to decision making.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo why exactly does all of this matter so much to Box stock. Starboard Value isn't just a normal investor. It is a known activist investor that that seeks to make major changes at companies that executives might not be happy about. Even if it isn't good for executives, these changes may turn out good for investors."While we do not comment on interactions with our investors, Box is committed to maintaining an active and engaged dialogue with stockholders," Box said in a statement regarding the news. "The Board of Directors and management team are focused on delivering growth and profitability to drive long-term stockholder value as we continue to pioneer the Cloud Content Management market." * 7 Deeply Discounted Energy Stocks to Buy Box is a company that offers cloud content management and file sharing services for companies. It was founded by Aaron Levie and Dylan Smith in 2004. Levie is the current CEO of the company and Smith is the CFO.BOX stock was up 11% as of Wednesday afternoon. However, the stock is down 19% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth As of this writing, William White did not hold a position in any of the aforementioned securities.The post Box Stock Surges on Starboard Stake appeared first on InvestorPlace.
The Redwood City company's stock spiked by more than 11 percent in early trading on Wednesday on news that Starboard Value LLC has taken a large stake in the cloud service provider.
Box, Inc. (NYSE: BOX ) has responded to a 13D filing from activist investor Starboard Value, saying it's committed to maintaining an active and engaged dialogue with stockholders. It was revealed Tuesday ...
Aaron Levie, the co-founder and chief executive of Box Inc., is now living the nightmare that all tech company founders hope to avoid.
The activist hedge fund reveals a 7.5% holding in Box, while the food producer slices its full-year net profit guidance.
(Bloomberg) -- Starboard Value LP reported that it has acquired a 7.5% stake in Box Inc., putting additional pressure on a software maker that has struggled to accelerate sales and become more profitable.The activist investor may seek changes at the company, including to its strategy and board composition, according to a regulatory filing Tuesday. The new stockholder said the shares “were undervalued and represented an attractive investment opportunity.” The stake makes Starboard Box’s third-largest investor, according to data compiled by Bloomberg.Box hasn’t met lofty sales growth targets that are common in the cloud-computing market, amid a transition from offering a few data-storage products to a broader software suite. The Redwood City, California-based company gave a weak revenue forecast last week, further damping Wall Street’s enthusiasm.“While we do not comment on interactions with our investors, Box is committed to maintaining an active and engaged dialogue with stockholders,” the company said in a statement. “The board of directors and management team are focused on delivering growth and profitability to drive long-term stockholder value.”A representative for Starboard wasn’t immediately available for comment.Box shares jumped about 7% to $15.85 in extended trading on the news. The stock has declined 12% since the start of the year.(Updates with Box statement in the fourth paragraph.)\--With assistance from Scott Deveau.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Box, Inc. (BOX), a leader in Cloud Content Management, today issued the following statement in response to the Schedule 13D filing from Starboard Value LP. “While we do not comment on interactions with our investors, Box is committed to maintaining an active and engaged dialogue with stockholders. Box (BOX) is a leading Cloud Content Management platform that enables organizations to accelerate business processes, power workplace collaboration and protect their most valuable information, all while working with a best-of-breed enterprise IT stack.
Shares of Box Inc. rose 8% in extended trading Tuesday after activist hedge fund Starboard Value disclosed in a regulatory filing that it has a 7.5% stake in the cloud software company. The investment makes Starboard the third-largest shareholder in Box, after Vanguard and BlackRock. Starboard also has ownership stakes in Marvell Technology Group Ltd. and Symantec Corp. Box shares are down 12% this year. The S&P 500 index , by comparison, is up 16%.
Box Inc (NYSE: BOX ) shares tanked more than 8% on Thursday morning — although the stock eventually pared those losses — after the company reported a second-quarter earnings beat on Wednesday. Box’s top- ...
Box (BOX) delivered earnings and revenue surprises of 100.00% and 1.82%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Box Inc, a cloud content management platform provider, reported better-than-expected quarterly revenue on Wednesday, but shares fell 8% in extended trading as investors were disappointed after the company reiterated its full-year earnings outlook. The company reaffirmed its full-year earnings per share outlook in the range of $0.00 to $0.02, while marginally raising the lower end of its sales forecast by $2 million to $690 million, but keeping the top end unchanged at $692 million. "They are kind of essentially guiding everything in line with what the analysts were expecting, not beating in terms of forward numbers," D.A. Davidson analyst Rishi Jaluria said.