Box (BOX) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Box (NYSE:BOX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Box earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 44.2240827022162 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern’s analysis:

Shares of Box (BOX) opened at 18.75 on Friday. The firm’s market cap is $2.47 billion. The stock has a 50 day moving average of $18.82 and a 200 day moving average of $17.97. Box has a 52 week low of $12.61 and a 52 week high of $20.91.

Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $114.70 million. During the same quarter last year, the business earned ($0.18) earnings per share. Box’s revenue was up 29.9% on a year-over-year basis. Analysts anticipate that Box will post ($0.46) earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of Box in a research report on Thursday, June 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of Box in a research report on Thursday, June 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price on shares of Box in a research report on Wednesday. Bank of America Corporation reaffirmed a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Box in a research report on Friday, June 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Box in a research report on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.24.

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In related news, President Daniel J. Levin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $18.60, for a total value of $372,000.00. Following the transaction, the president now owns 3,752 shares in the company, valued at $69,787.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel J. Levin sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $18.28, for a total value of $731,200.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares in the company, valued at approximately $68,586.56. The disclosure for this sale can be found here. Insiders sold 1,748,934 shares of company stock worth $32,700,266 in the last 90 days. 22.30% of the stock is owned by company insiders.

About Box

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

Insider Buying and Selling by Quarter for Box (NYSE:BOX)

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