Box Shares Up 12% Following Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/BOX'>Box, Inc. (NYSE:BOX) </a>shares were trading more than 12% higher Wednesday afternoon, following the company’s reported Q3 results, with EPS coming in at $0.22, beating the consensus estimate of $0.21. Quarterly revenue grew 14% year-over-year to $224 million, above the consensus estimate of $219 million.</p>
<p>Analysts at RBC Capital raised their price target on the company’s shares to $21 from $19, mentioning that they came out of the quarter incrementally positive on the company with Suites traction and improved NRR driving another quarter of revenue accel. </p>
<p>On the negative side, the disconnect between billings and revenue is a concern, and the analysts at RBC Capital have doubts about the sustainability of revenue growth (especially as comps get tougher) together with meaningful margin expansion.</p>

NYSE:BOX