Box, Inc. (NYSE:BOX) reported in-line earnings for the second quarter on Tuesday.
The company posted quarterly earnings of 40 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $321.100 million which beat the analyst consensus estimate of $319.331 million.
Box cut its FY2027 adjusted EPS guidance from $1.56 to $1.54, but raised its sales forecast from $1.280 billion to $1.290 billion.
“Box delivered exceptional second quarter results, continuing our strong momentum accelerated by the rapid adoption of Enterprise Advanced,” said Aaron Levie, co-founder and CEO of Box. “As enterprises deploy AI agents that require secure, well-governed unstructured data for critical context, Box is uniquely positioned as the model-neutral platform of choice. Instead of fragmenting workflows across multiple systems, our customers get a singular platform with enterprise-grade security and control where they can seamlessly connect their content to the world’s leading AI models with Box and third-party agents. We are incredibly excited about our product momentum and the massive opportunity ahead.”
Box shares rose 1.3% to trade at $33.42 on Wednesday.
These analysts made changes to their price targets on Box following earnings announcement.
- UBS analyst Seth Gilbert maintained the stock with a Neutral and raised the price target from $29 to $37.
- DA Davidson analyst Lucky Schreiner maintained the stock with a Buy and raised the price target from $45 to $50.
- RBC Capital analyst Rishi Jaluria reiterated the stock with an Underperform rating and maintained a $26 price target.
Considering buying BOX stock? Here’s what analysts think:
Photo via Shutterstock