cloud content management
Box positive momentum continues with revenue up 18% and improved guidance
Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being dogged by activist investors. But today, the company announced its earnings, and revenue was up 18% over the prio
Box strikes back with a quarter that beats everyone’s expectations, including its own
While all the trends appear to be moving in the right direction, can Box keep it going, and what are its projections for FY2023? Let's take a deeper look at the numbers.
After a proxy fight victory, it’s time for Box to make some bold moves
Throughout its history as a public company, Box has had a bumpy ride. The company was founded back in 2005 as a consumer file sharing service, but shifted a few years later to focus on enterprise.
Box wins proxy board battle with activist investor Starboard Value
A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated mon
Box reports earnings early to give shareholders time to review financials ahead of board vote
Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting.
Box beats expectations, raises guidance as it looks for a comeback
Box executives have been dealing with activist investor Starboard Value over the last year, along with fighting through the pandemic like the rest of us. Today the company reported earnings for the fi
Starboard Value puts Box on notice that it’s looking to take over board
Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management vendor know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7%
Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical
When Box announced it was getting a $500 million investment from private equity firm KKR this morning, it was hard not to see it as a positive move for the company. It has been operating under the sha
KKR hands Box a $500M lifeline
Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from
Box benefits from digital transformation as it raises its growth forecast
Box has always been a bit of an enigma for Wall Street, and perhaps for enterprise software in general. Unlike vendors who shifted to the cloud tools like HR, CRM or ERP, Box has been building a way t
Starboard Value takes 7.5% stake in Box
Starboard Value, LP revealed in an SEC Form 13D filing last week that it owns a 7.5% stake in Box, the cloud content management company. It is probably not a coincidence that Starboard Value invests i
Box lands big financial services company with Morgan Stanley digital vault win
For many years, the argument went that it would be hard to get large enterprises to move to the cloud, then that it would be impossible to get regulated industries like healthcare and financial servic
Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours
By most common sense measurements, Box had a pretty good earnings report today, reporting revenue up 20 percent year over year to $163.7 million. That doesn’t sound bad, yet Wall Street was not
Box builds a digital hub to help fight content fragmentation
The interconnectedness of the cloud has allowed us to share content widely with people inside and outside the organization and across different applications, but that ability has created a problem of