Box Reports Record Revenue for Fiscal Year 2017, Up 32% Year-Over-Year, and Record Cash Flow from Operations
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Box, Inc. (BOX) PT Raised to $26 at Drexel Hamilton; Positive Cash Flow For First Time
March 2, 2017 6:21 AM ESTDrexel Hamilton raised its price target on Box, Inc. (NYSE: BOX) to $26.00 (from $22.00) while maintaining a Buy rating following results showing positive cash flow for the first time ever.
Analyst Brian White highlighted:
Last night, Box reported a solid 4Q:FY17 performance with positive free cash flow for the first time ever, and the company provided a healthy initial revenue outlook for FY:18. We are increasing our price target to $26.00 from $22.00 and reiterate our BUY rating.Trading at an EV/revenue ratio of just 3.6x our CY:18 estimate,... MoreBox (BOX) Tops Q4 EPS by 4c; Guides
March 1, 2017 4:08 PM ESTBox (NYSE: BOX) reported Q4 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $110 million versus the consensus estimate of $108.86 million.
GUIDANCE:
Box sees Q1 2018 EPS of ($0.15)-($0.14), versus the consensus of ($0.12). Box sees Q1... More
