Oppenheimer Cuts Price Target on Box (BOX) to $18; Reiterates Buy
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Canaccord Genuity Cuts Price Target on Box (BOX) to $16 Following Mixed 1Q Report
June 2, 2016 10:44 AM EDTCanaccord Genuity maintained a Buy rating on Box, Inc. (NYSE: BOX), and cut the price target to $16.00 (from $18.00), following the company's 1Q earnings report. Box reported a mixed quarter with revenue and adjusted EBITDA at $90.2M and ($12.1M), ahead of Canaccord's respective estimates by $1.7M and $6.7M. Calculated billings... More
Pre-Open Stock Movers 06/02: (BWEN) (RPRX) (CIEN) Higher; (CONN) (SRPT) (DV) Lower (more...)
June 2, 2016 9:26 AM EDTToday's Pre-Open Stock Movers:
Box (BOX): Huge Customer Additions Drive Upside - Drexel Hamilton
June 2, 2016 8:24 AM EDTDrexel Hamilton analyst, Brian White, reiterated his Buy rating and $18 PT after Box (NYSE: BOX) reported a strong 1Q:FY17 with a big uptick in customer additions and a slightly increased FY:17 outlook. Box reiterated plans to reach positive free cash flow in 4Q:FY17. They are raising estimates and reiterating a BUY rating and $18 PT.
Box... More
Box (BOX) volatility up into less than expected growth
June 2, 2016 6:55 AM EDTBox (NYSE: BOX) June call option implied volatility is at 66, July is at 51; compared to its 52-week range of 40 to 95 into the enterprise cloud based company Q1 report shows decelerating billings growth. JPMorgan downgraded Box to Neutral saying the stock could trade sideways in the... More
Pre-open market-options summary
June 2, 2016 6:51 AM EDTGlobex S&P futures are recently down 2.50 from previous days SPX. Nikkei 225 down 2.32%, Hang Seng up 0.41%, DAX up 0.24%. WTI Crude oil is recently at $49.11, natural gas up 0.21%, gold at $1218 an ounce, copper down 0.02%.
Stocks and options expected to be active: ORCL BOX CIEN DCI JOY CONN WUBA
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JPMorgan Downgrades Box, Inc. (BOX) to Neutral
June 2, 2016 6:46 AM EDTJPMorgan downgraded Box, Inc. (NYSE: BOX) from Overweight to Neutral with a price target of $14.00 (from $18.00).
For an analyst ratings summary and ratings history on Box, Inc. click here. For more ratings news on Box, Inc. click here.
Shares of Box, Inc. closed at $12.81 yesterday.
... MoreAfter-Hours Stock Movers 06/01: (RPRX) (DERM) (GWRE) Higher; (BOX) (WFT) (ORCL) Lower (more...)
June 1, 2016 5:56 PM EDTRepros Therapeutics Inc. (Nasdaq: RPRX) 14.2% HIGHER; announced that it remains on track for submission of a European centralized marketing authorization application (MAA) for enclomiphene for the treatment of secondary hypogonadism. To that end, the European Medicines Agency (EMA) has assigned France and the UK as rapporteurs for the application review. The Company expects to submit the application in Fall 2016. As part of the review process, the Company is scheduled to meet with British and French medical reviewers in June 2016.
Box (BOX) Tops Q1 EPS by 6c; Guides FY Loss Smaller Than Expected, Revs In-Line
June 1, 2016 4:10 PM EDTBox (NYSE: BOX) reported Q1 EPS of ($0.18), $0.06 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $90 million versus the consensus estimate of $88.65 million.
First quarter revenue was strong at $90 million, representing 37% growth year-over-year. We also continued to drive operational efficiency, with GAAP and non-GAAP EPS improving by 9 and 10 cents, respectively,... More
Straddle prices for companies reporting financial results: BOX, CONN, FIVE JOY
June 1, 2016 3:09 PM EDTBox (NYSE: BOX) June 13 straddle priced for 10.7% movement.
Conn's (NASDAQ: CONN) June 12 straddle priced for 18.6% movement.
Five Below (NASDAQ: FIVE) June 42 straddle priced for 10.4% movement.
Joy Global (NYSE: JOY) June weekly 17 straddle priced for 9.5% movement.
Straddle pricing in expected movement into quarterly reports and guidance
May 31, 2016 2:32 PM EDTStraddle pricing in expected movement into quarterly reports and guidance:
Cracker Barrel (Nasdaq: CBRL) June 155 straddle priced for 6.7% movementVera Bradley (Nasdaq: VRA) June 15 straddle priced for 14.3% movementBox (NYSE: BOX) June 12 straddle priced for 11% movementTrading Radar for 6/1: Michael Kors (KORS), Box (BOX), Lands' End (LE), Vera Bradly (VRA), Analogic (ALOG) Report
May 31, 2016 2:13 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
Earnings:
Box (BOX) June volatility increases into Q1 and outlook
May 31, 2016 6:37 AM EDTBox (NYSE: BOX) June call option implied volatility is at 58, July is at 48 compare to its 52-week range of 41 to 94 into the expected release of Q1 results on June 1.
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