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Fly News Breaks for December 11, 2018
BOX
Dec 11, 2018 | 08:49 EDT
William Blair analyst Jason Ader initiated coverage of Box with an Outperform rating. The company distinguishes itself from traditional file sync and share players through its technical focus on enterprise-grade security, compliance, and workflow automation, Ader tells investors in a research note. He estimate Box's total addressable market has grown from $2B to $45B-plus. The analyst sees an attractive risk/reward for the stock at an enterprise value of 3.5 times his 2019 sales estimate, "roughly half the peer group multiple."
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