Box had a mixed third quarter, with revenue below Wall Street expectations but stronger than expected earnings. Their leading security and data governance tools, Box Governance and Box Shield have received many significant upgrades. With the addition of the ability to scan more file types, such as Microsoft Office, the management has expanded the malware deep scan capabilities of Box Shield, demonstrating its dedication to supporting third-party file types and assisting administrators in providing crucial protection to a wider range of intellectual property. The Box Shield ethical wall feature was also made public during the quarter. Furthermore, the management disclosed that Box Canvas would start to roll out this quarter. They also announced the beta launch of Box Notes. The company improved Content Insights to give users and businesses deep insights into how their content is being accessed, consumed, and used for improved business intelligence. In addition, they delivered a decent Enterprise Plus uptake. We give the company a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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