US10316T1043 - Common Stock
Box (NYSE: BOX) stock price pulled back slightly this week as investors refocused on its next earnings report scheduled on November 29. It also pulled back after Dropbox, a top competitor, announced a new wave of layoffs as its business slowed. Box shares were trading at $32, down from the September high of $34. Box […]
A technical analysis of BOX INC - CLASS A.
Box delivered a bottom-line beat with expanding margins.
Cloud content storage and management platform Box (NYSE:BOX) reported results in line with analysts’ expectations in Q2 CY2024, with revenue up 3.3% year on year to $270 million. The company expects next quarter’s revenue to be around $275 million, coming in 1.6% above analysts’ estimates. It made a non-GAAP profit of $0.44 per share, improving from its profit of $0.36 per share in the same quarter last year.
Box stock jumped late Tuesday, after the cloud content and file-sharing company reported Q2 earnings that exceeded expectations.