Mitsubishi UFG Initiates Coverage on Box Inc to Neutral

Mitsubishi UFG Initiates Coverage on Box Inc(NYSE:BOX). The shares have been rated Neutral. The rating by Mitsubishi UFG was issued on Sep 16, 2016.

Box Inc (BOX) made into the market gainers list on Thursdays trading session with the shares advancing 0.34% or 0.05 points. Due to strong positive momentum, the stock ended at $14.81, which is also near the day’s high of $14.937. The stock began the session at $14.9 and the volume stood at 6,92,388 shares. The 52-week high of the shares is $14.93 and the 52 week low is $8.82. The company has a current market capitalization of $1,892 M and it has 12,77,68,210 shares in outstanding.

Box Inc(BOX) last announced its earnings results on Aug 31, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $95.71M. Analysts had an estimated revenue of $94.65M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.19.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, Daniel J Levin (President & COO) sold 5,000 shares at $14.44 per share price.Also, On Oct 9, 2015, Josh Stein (director) purchased 5,000 shares at $12.14 per share price.On Oct 9, 2015, Aaron Levie (CEO) purchased 25,000 shares at $12.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Box Inc. provides a cloud-based mobile-optimized Enterprise Content Collaboration platform. The Company’s platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally build workflows and deploy compliance and security features. The Company’s platform works across multiple file formats application environments operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries such as healthcare and life sciences financial services legal services media and entertainment retail education energy and Government. The Company’s platform integrates with the applications of its technology partners including NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1300 iOS and Android third-party applications.

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