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BOX

Box

$14.81

0.17 (1.16%)

16:05
09/03/19
09/03
16:05
09/03/19
16:05

Starboard Value discloses 7.5% activist stake in Box

Starboard Value disclosed a 7.5% stake in Box, which represents over 11M shares. The filing allows for activism.

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BOX Box
$14.81

0.17 (1.16%)

08/29/19
FANA
08/29/19
DOWNGRADE
Target $14
FANA
Neutral
Box downgraded to Neutral from Outperform at First Analysis
First Analysis analyst Terry Kiwala downgraded Box to Neutral from Outperform and lowered his price target for the shares to $14 from $22. The analyst hoped the company's Q2 results and guidance would provide evidence that its revenue growth could accelerate beyond the 10%-12% growth that guidance implies for the second half of 2019. However, he now has reduced confidence in this prospect. While the number of Box's over-$100,000 deals signed in Q2 was up 36% year-over-year, the number of over-$500,000 deals signed was down substantially year-over-year and over-$1M deals signed were flat, Kiwala tells investors in a research note. The analyst cites continued sales uncertainty for his downgrade to Neutral.
08/29/19
CHLM
08/29/19
DOWNGRADE
Target $15
CHLM
Hold
Box downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Chad Bennett downgraded Box to Hold from Buy and lowered his price target for the shares to $15 from $22. The company remains in a "no-man's land" for investors, and the time has come for "material changes" in leadership, Bennett tells investors in a research note following the company's Q2 results. The analyst says he's never come across a company that is a leader in a $40B total addressable market and "continues to mis-execute so badly." Box is "potentially an activist investor's dream," but five of the nine board members being founders or venture capitalizes presents a a "bit of a roadblock," says Bennett. He sees the stock as a "value trap" until material changes are taken.
08/29/19
DADA
08/29/19
NO CHANGE
Target $17
DADA
Buy
Box price target lowered to $17 from $19 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Box to $17, saying that while the company beat on Q2 earnings, the underlying metrics were less "rosy" with slowing growth in billings, decline in retention rates, below-consensus deferred revenues, and a slide in the number of $500K+ deals. The analyst still keeps his Buy rating on Box longer term, citing the company's "differentiated technology" and new products like Shield, Skills, and Relay, adding that at 2.8-times enterprise value to expected 2020 revenue, the stock offers "solid risk-reward".
08/29/19
08/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Neutral from Outperform at First Analysis and to Hold from Buy at Craig-Hallum. 2. G-III Apparel (GIII) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying his more cautious outlook reflects "shocks" to his fiscal 2021 earnings estimates from tariffs on China manufactured goods sold in the U.S. 3. Tapestry (TPR) and Movado (MOV) downgraded to Market Perform from Outperform at Cowen. 4. Solid Biosciences (SLDB) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the stock has nearly doubled over the last month without anything fundamental changing, which has opened up a sell opportunity. 5. Casey's General Stores (CASY) downgraded to Underperform from Sector Perform at RBC Capital with analyst Irene Nattel citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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STX

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FDX

FedEx

$149.76

-23.77 (-13.70%)

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Downgrade
FedEx rating change  »

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Conference/Events
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SOLO

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$2.40

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UN

Unilever; also tag UL

$60.45

0.01 (0.02%)

, PG

Procter & Gamble

$121.47

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UN

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PG

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UL

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RBGLY

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$0.00

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$0.00

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LRLCY

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$0.00

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NRC

National Research Corporation

$63.59

1.59 (2.56%)

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Facebook

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$NSD

NASDAQ Market Internals

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NYSE Market Internals

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TYL

Tyler Technologies

$259.19

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BRKR

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Conference/Events
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RST

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$18.99

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13:13
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Conference/Events
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CYRX

Cryoport

$17.92

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CYRX

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CYRX

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AEGN

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13:03
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