☁️📈 BOX INC. ANALYSIS

bananaramana (40)in LAKSHMI • 3 years ago

1
Box reported 3rd Quarter October 2021 earnings of $0.22 per share on revenue of $224.0 million. The consensus earnings estimate was $0.21 per share on revenue of $218.6 million. Revenue grew 14.3% on a year-over-year basis.

The company said it expects fourth quarter non-GAAP earnings of $0.22 to $0.23 per share on revenue of $227.0 million to $229.0 million. The current consensus earnings estimate is $0.22 per share on revenue of $223.20 million for the quarter ending January 31, 2022.

Box provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform that enables organizations of all sizes to easily and securely manage content and collaborate internally and externally.

2
Since 01.12.2021 the stock is consolidating within an area ranging from $26.93 - $25.50.

WHAT DO I EXPECT NEXT?

3
I can imagine that the Box Inc. stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $26.93 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $25.50 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇