Box (BOX) Tops Q4 EPS by 3c; Guides Narrower than Expected FY17 Loss
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Go back to Box (BOX) Tops Q4 EPS by 3c; Guides Narrower than Expected FY17 Loss
March 10, 2016 10:02 AM EST
Canaccord 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
March 10, 2016 8:26 AM EST
Box, 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
