BOX (NYSE:BOX) Updates FY 2027 Earnings Guidance

BOX (NYSE:BOX) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.560-1.560 for the period, compared to the consensus earnings per share estimate of 1.330. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. BOX also updated its Q2 2027 guidance to 0.390-0.390 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup lowered their price objective on BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings cut BOX from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. William Blair restated a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Finally, Morgan Stanley lowered their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.57.

BOX Price Performance

Shares of BOX stock traded down $0.26 during midday trading on Tuesday, hitting $25.64. 5,608,875 shares of the company were exchanged, compared to its average volume of 2,555,575. The firm has a market cap of $3.55 billion, a P/E ratio of 43.46, a PEG ratio of 1.33 and a beta of 0.71. BOX has a 52 week low of $21.34 and a 52 week high of $38.80. The firm has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $26.49.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities research analysts expect that BOX will post 0.34 earnings per share for the current year.

BOX declared that its board has approved a stock buyback program on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 14.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, VP Eli Berkovitch sold 24,500 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $23.85, for a total transaction of $584,325.00. Following the completion of the sale, the vice president directly owned 95,516 shares of the company’s stock, valued at $2,278,056.60. This trade represents a 20.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 23,720 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $24.96, for a total value of $592,051.20. Following the sale, the chief financial officer directly owned 1,381,049 shares of the company’s stock, valued at $34,470,983.04. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 137,086 shares of company stock worth $3,345,852. 3.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOX

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd increased its holdings in BOX by 283.2% during the 4th quarter. XTX Topco Ltd now owns 99,652 shares of the software maker’s stock valued at $2,981,000 after purchasing an additional 73,645 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in BOX by 76.2% during the 4th quarter. Voloridge Investment Management LLC now owns 681,785 shares of the software maker’s stock valued at $20,392,000 after purchasing an additional 294,954 shares in the last quarter. Toronto Dominion Bank acquired a new stake in BOX during the 4th quarter valued at $60,000. Tudor Investment Corp ET AL increased its holdings in BOX by 294.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 449,973 shares of the software maker’s stock valued at $13,459,000 after purchasing an additional 336,023 shares in the last quarter. Finally, Numerai GP LLC increased its holdings in BOX by 152.4% during the 4th quarter. Numerai GP LLC now owns 46,524 shares of the software maker’s stock valued at $1,392,000 after purchasing an additional 28,091 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.