Box Announces Record Fiscal Year 2016 Revenue of $303 Million, Up 40% Year-Over-Year
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/25/2026
- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
Canaccord Genuity Reiterates Buy on Box (BOX) Following a Positive 4Q
March 10, 2016 10:02 AM ESTCanaccord Genuity maintained a Buy rating and $18.00 price target on Box, Inc. (NYSE: BOX) following the company's 4Q earnings report. Revenue, operating margins, billings, FCF; added roughly 3,000 net new customers in the quarter, bringing the total to 57,000 paying customers, up from 45,000 last year.... More
Another Beat And Raise For BOX (BOX) But Profitability Still Elusive - Stifel
March 10, 2016 8:26 AM ESTBox, Inc. (NYSE: BOX) delivered another quarter of beat / raise results (+4% revenue upside to consensus at $84.9M or +36% y/y) and delivered initial F2017 outlook calling for revenue of $390-$394 million, ahead of Street consensus: $392.0M. Stifel analyst, Aaron Rakers kept his Hold rating and is focused on 3 key issues:
1) Forward Billings Growth (Standardizing Annual Payments): Box has standardized its billing payments on an annualized basis, resulting in revenue growth outpacing billings growth throughout F2017 and a back-end loaded contribution heavily weighted to F4Q17 (>35% F4Q 3-yr avg. contribution) - leaving... More
