BOX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=BOX, following the Company's announcement of its second quarter fiscal 2018 financial results on August 30, 2017. The online storage provider outperformed top- and bottom-line expectations and also provided guidance for the upcoming quarter and fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected CounterPath Corporation (NASDAQ: CPAH) for due-diligence and potential coverage as the Company announced on September 14, 2017, its financial results for Q1 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on CounterPath when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BOX; also brushing on CPAH. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=BOX

http://protraderdaily.com/optin/?symbol=CPAH

Earnings Reviewed

For the second quarter of fiscal 2018, which ended July 31, 2017, Box reported record revenue of $122.9 million, an increase of 28% from revenue of $95.71 million in Q2 FY17. The Company's revenue number beat analysts' estimates of $121.6 million.

For Q2 FY18 Box's Billings surged 31% to $139.47 million compared to $106.53 million for Q2 FY17.

During Q2 FY18, Box's GAAP operating loss was $39.0 million, or 32% of revenue, compared to GAAP operating loss of $37.9 million, or 40% of revenue, in Q2 FY17. The Company's non-GAAP operating loss in the reported quarter was $14.9 million, or 12% of revenue, compared to a non-GAAP operating loss of $18.0 million, or 19% of revenue, in the year-earlier same quarter.

For Q2 FY18, Box's GAAP net loss was $39.29 million or per share, basic and diluted, of $0.30 on 133 million shares outstanding, compared to a GAAP net loss of $38.10 million, or $0.30 per share on 127 million shares outstanding, in Q2 FY17. The Company's non-GAAP net loss per share, basic and diluted, in the reported quarter, totaled $0.11 versus non-GAAP net loss per share of $0.14 in the year-ago comparable period. Box's reported numbers were better than Wall Street's estimates for a loss of $0.13 per share.

Business Highlights

During Q2 FY18, Box grew its paying customer base to more than 76,000 businesses, including new or expanded deployments with leading organizations such as Cabot Energy PLC, Credit Karma, Delta Global Services, Freedom Financial Network, the Metropolitan Police Service of London, next47, a global venture capital firm backed by Siemens, ScotiaBank, and United Talent Agency.

In the reported quarter, Box maintained its momentum with large enterprise customers, closing 39 deals over $100,000 versus 45 a year ago, 8 deals over $500,000 versus 5 a year ago and 4 deals over $1 million versus 1 a year ago.

Cash Matters

Box's net cash used in operating activities totaled $9.5 million in Q2 FY18 compared to net cash used in operating activities of $4.9 million in Q2 FY17. The Company's free cash flow in the reported quarter was negative $14.7 million from negative $8.0 million in the prior year's corresponding quarter.

Box's deferred revenue as of July 31, 2017, was $240.84 million, an increase of 32% from July 31, 2016, deferred revenue of $183.00 million. Deferred revenue growth was primarily driven by solid sales execution and was also positively impacted again by the enhanced developer access fee from one of the Company's resellers.

Outlook

For Q3 FY18, Box is forecasting revenue to be in the range of $128 million to $129 million. The Company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the band of negative $0.34 to negative $0.33 and minus $0.14 to minus $0.13, respectively.

For full year FY18, Box is projecting revenue to be in the range of $503 million to $506 million. The company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the range of negative $1.23 to negative $1.21 and negative $0.46 to negative $0.44, respectively.

Stock Performance

On Tuesday, September 19, 2017, the stock closed the trading session at $18.28, slightly up 0.38% from its previous closing price of $18.21. A total volume of 1.10 million shares have exchanged hands. Box's stock price surged 13.68% in the past six months and 25.46% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.89%. At Tuesday's closing price, the stock's net capitalization stands at $2.45 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475890

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MarketersMEDIA / Newsroom / Earnings Review and Free Research Report: Box Reported Record Revenue, Up 28% Y-o-Y

Earnings Review and Free Research Report: Box Reported Record Revenue, Up 28% Y-o-Y

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Research Desk Line-up: CounterPath Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Box, Inc. (NYSE: BOX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=BOX, following the Company's announcement of its second quarter fiscal 2018 financial results on August 30, 2017. The online storage provider outperformed top- and bottom-line expectations and also provided guidance for the upcoming quarter and fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected CounterPath Corporation (NASDAQ: CPAH) for due-diligence and potential coverage as the Company announced on September 14, 2017, its financial results for Q1 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on CounterPath when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BOX; also brushing on CPAH. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=BOX

http://protraderdaily.com/optin/?symbol=CPAH

Earnings Reviewed

For the second quarter of fiscal 2018, which ended July 31, 2017, Box reported record revenue of $122.9 million, an increase of 28% from revenue of $95.71 million in Q2 FY17. The Company's revenue number beat analysts' estimates of $121.6 million.

For Q2 FY18 Box's Billings surged 31% to $139.47 million compared to $106.53 million for Q2 FY17.

During Q2 FY18, Box's GAAP operating loss was $39.0 million, or 32% of revenue, compared to GAAP operating loss of $37.9 million, or 40% of revenue, in Q2 FY17. The Company's non-GAAP operating loss in the reported quarter was $14.9 million, or 12% of revenue, compared to a non-GAAP operating loss of $18.0 million, or 19% of revenue, in the year-earlier same quarter.

For Q2 FY18, Box's GAAP net loss was $39.29 million or per share, basic and diluted, of $0.30 on 133 million shares outstanding, compared to a GAAP net loss of $38.10 million, or $0.30 per share on 127 million shares outstanding, in Q2 FY17. The Company's non-GAAP net loss per share, basic and diluted, in the reported quarter, totaled $0.11 versus non-GAAP net loss per share of $0.14 in the year-ago comparable period. Box's reported numbers were better than Wall Street's estimates for a loss of $0.13 per share.

Business Highlights

During Q2 FY18, Box grew its paying customer base to more than 76,000 businesses, including new or expanded deployments with leading organizations such as Cabot Energy PLC, Credit Karma, Delta Global Services, Freedom Financial Network, the Metropolitan Police Service of London, next47, a global venture capital firm backed by Siemens, ScotiaBank, and United Talent Agency.

In the reported quarter, Box maintained its momentum with large enterprise customers, closing 39 deals over $100,000 versus 45 a year ago, 8 deals over $500,000 versus 5 a year ago and 4 deals over $1 million versus 1 a year ago.

Cash Matters

Box's net cash used in operating activities totaled $9.5 million in Q2 FY18 compared to net cash used in operating activities of $4.9 million in Q2 FY17. The Company's free cash flow in the reported quarter was negative $14.7 million from negative $8.0 million in the prior year's corresponding quarter.

Box's deferred revenue as of July 31, 2017, was $240.84 million, an increase of 32% from July 31, 2016, deferred revenue of $183.00 million. Deferred revenue growth was primarily driven by solid sales execution and was also positively impacted again by the enhanced developer access fee from one of the Company's resellers.

Outlook

For Q3 FY18, Box is forecasting revenue to be in the range of $128 million to $129 million. The Company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the band of negative $0.34 to negative $0.33 and minus $0.14 to minus $0.13, respectively.

For full year FY18, Box is projecting revenue to be in the range of $503 million to $506 million. The company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the range of negative $1.23 to negative $1.21 and negative $0.46 to negative $0.44, respectively.

Stock Performance

On Tuesday, September 19, 2017, the stock closed the trading session at $18.28, slightly up 0.38% from its previous closing price of $18.21. A total volume of 1.10 million shares have exchanged hands. Box's stock price surged 13.68% in the past six months and 25.46% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.89%. At Tuesday's closing price, the stock's net capitalization stands at $2.45 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475890

Research Desk Line-up: CounterPath Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Box, Inc. (NYSE: BOX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=BOX, following the Company's announcement of its second quarter fiscal 2018 financial results on August 30, 2017. The online storage provider outperformed top- and bottom-line expectations and also provided guidance for the upcoming quarter and fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected CounterPath Corporation (NASDAQ: CPAH) for due-diligence and potential coverage as the Company announced on September 14, 2017, its financial results for Q1 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on CounterPath when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BOX; also brushing on CPAH. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=BOX

http://protraderdaily.com/optin/?symbol=CPAH

Earnings Reviewed

For the second quarter of fiscal 2018, which ended July 31, 2017, Box reported record revenue of $122.9 million, an increase of 28% from revenue of $95.71 million in Q2 FY17. The Company's revenue number beat analysts' estimates of $121.6 million.

For Q2 FY18 Box's Billings surged 31% to $139.47 million compared to $106.53 million for Q2 FY17.

During Q2 FY18, Box's GAAP operating loss was $39.0 million, or 32% of revenue, compared to GAAP operating loss of $37.9 million, or 40% of revenue, in Q2 FY17. The Company's non-GAAP operating loss in the reported quarter was $14.9 million, or 12% of revenue, compared to a non-GAAP operating loss of $18.0 million, or 19% of revenue, in the year-earlier same quarter.

For Q2 FY18, Box's GAAP net loss was $39.29 million or per share, basic and diluted, of $0.30 on 133 million shares outstanding, compared to a GAAP net loss of $38.10 million, or $0.30 per share on 127 million shares outstanding, in Q2 FY17. The Company's non-GAAP net loss per share, basic and diluted, in the reported quarter, totaled $0.11 versus non-GAAP net loss per share of $0.14 in the year-ago comparable period. Box's reported numbers were better than Wall Street's estimates for a loss of $0.13 per share.

Business Highlights

During Q2 FY18, Box grew its paying customer base to more than 76,000 businesses, including new or expanded deployments with leading organizations such as Cabot Energy PLC, Credit Karma, Delta Global Services, Freedom Financial Network, the Metropolitan Police Service of London, next47, a global venture capital firm backed by Siemens, ScotiaBank, and United Talent Agency.

In the reported quarter, Box maintained its momentum with large enterprise customers, closing 39 deals over $100,000 versus 45 a year ago, 8 deals over $500,000 versus 5 a year ago and 4 deals over $1 million versus 1 a year ago.

Cash Matters

Box's net cash used in operating activities totaled $9.5 million in Q2 FY18 compared to net cash used in operating activities of $4.9 million in Q2 FY17. The Company's free cash flow in the reported quarter was negative $14.7 million from negative $8.0 million in the prior year's corresponding quarter.

Box's deferred revenue as of July 31, 2017, was $240.84 million, an increase of 32% from July 31, 2016, deferred revenue of $183.00 million. Deferred revenue growth was primarily driven by solid sales execution and was also positively impacted again by the enhanced developer access fee from one of the Company's resellers.

Outlook

For Q3 FY18, Box is forecasting revenue to be in the range of $128 million to $129 million. The Company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the band of negative $0.34 to negative $0.33 and minus $0.14 to minus $0.13, respectively.

For full year FY18, Box is projecting revenue to be in the range of $503 million to $506 million. The company's GAAP and non-GAAP basic and diluted earnings per share are expected to be in the range of negative $1.23 to negative $1.21 and negative $0.46 to negative $0.44, respectively.

Stock Performance

On Tuesday, September 19, 2017, the stock closed the trading session at $18.28, slightly up 0.38% from its previous closing price of $18.21. A total volume of 1.10 million shares have exchanged hands. Box's stock price surged 13.68% in the past six months and 25.46% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.89%. At Tuesday's closing price, the stock's net capitalization stands at $2.45 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475890

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-box-reported-record-revenue-up-28-y-o-y/241390

Source: AccessWire

Release ID: 241390

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