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BOX

Box

$14.87

0.23 (1.57%)

18:22
09/03/19
09/03
18:22
09/03/19
18:22

Box responds to Starboard Value 13D filing

Box issued the following statement in response to the Schedule 13D filing from Starboard Value LP: "While we do not comment on interactions with our investors, Box is committed to maintaining an active and engaged dialogue with stockholders. The board and management team are focused on delivering growth and profitability to drive long-term stockholder value as we continue to pioneer the Cloud Content Management market."

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    Oct

BOX Box
$14.87

0.23 (1.57%)

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.

TODAY'S FREE FLY STORIES

WYND

Wyndham Destinations

$46.69

0.17 (0.37%)

, CZR

Caesars

$12.02

0.1 (0.84%)

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CMD

Cantel Medical

$79.20

-5.8 (-6.82%)

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BORR

Borr Drilling

$5.57

-0.28 (-4.79%)

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DRD

DRDGold

$4.72

0.285 (6.43%)

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EROS

Eros International

$3.19

0.22 (7.41%)

10:00
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10:00
09/23/19
09/23
10:00
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10:00
General news
U.S. flash September Markit manufacturing PMI rose 0.7 points to 51.0 »

U.S. flash September…

SUZ

Suzano

$15.43

7.7925 (102.03%)

10:00
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AA

Alcoa

$21.16

-0.54 (-2.49%)

, SCHN

Schnitzer Steel

$22.23

-1.32 (-5.61%)

09:57
09/23/19
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On The Fly
Alcoa, U.S. Steel downgrades headline today's top calls on Wall Street »

Check out today's top…

AA

Alcoa

$21.16

-0.54 (-2.49%)

SCHN

Schnitzer Steel

$22.23

-1.32 (-5.61%)

CMC

Commercial Metals

$17.92

-0.02 (-0.11%)

X

U.S. Steel

$10.71

-0.1 (-0.93%)

CLF

Cleveland-Cliffs

$7.56

-0.17 (-2.20%)

NUE

Nucor

$52.25

-0.37 (-0.70%)

STLD

Steel Dynamics

$30.23

-0.15 (-0.49%)

CHWY

Chewy

$27.95

1.51 (5.71%)

LULU

Lululemon

$193.33

4.06 (2.15%)

03/08/13
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WORK

Slack Technologies

$24.55

-0.84 (-3.31%)

09:55
09/23/19
09/23
09:55
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09:55
Options
Slack put volume heavy and directionally bearish »

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DG

Dollar General

$158.91

2.62 (1.68%)

, TSCO

Tractor Supply

$91.81

1.46 (1.62%)

09:55
09/23/19
09/23
09:55
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09:55
Options
Early notable gainers among liquid option names on September 23rd »

Notable gainers among…

DG

Dollar General

$158.91

2.62 (1.68%)

TSCO

Tractor Supply

$91.81

1.46 (1.62%)

EQIX

Equinix

$581.24

15.2 (2.69%)

ULTA

Ulta Beauty

$230.18

1.48 (0.65%)

TGT

Target

$108.30

1.61 (1.51%)

03/08/13
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CDNAF

Canadian Tire

$0.00

(0.00%)

09:54
09/23/19
09/23
09:54
09/23/19
09:54
Conference/Events
Canadian Tire management to meet with TD Securities »

Meeting to be held in…

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  • 25

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ONTX

Onconova

$1.26

-0.33 (-20.75%)

09:54
09/23/19
09/23
09:54
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09:54
Syndicate
Onconova announces $3.4M registered direct offering of common stock »

Onconova announced that…

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CO

Global Cord Blood

$4.49

-0.04 (-0.88%)

09:52
09/23/19
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Syndicate
Breaking Syndicate news story on Global Cord Blood »

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BRT

BRT Apartments

$14.36

-0.01 (-0.07%)

09:51
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Conference/Events
BRT Apartments management to meet with JMP Securities »

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  • 25

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NXGN

NextGen Healthcare

$16.32

(0.00%)

09:48
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Recommendations
NextGen Healthcare analyst commentary  »

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  • 02

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ALB

Albemarle

$68.00

-0.8 (-1.16%)

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Conference/Events
Albemarle management to meet with Buckingham »

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NXGN

NextGen Healthcare

$16.32

(0.00%)

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  • 02

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IMMU

Immunomedics

$16.60

(0.00%)

, RHHBY

Roche

$0.00

(0.00%)

09:46
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Conference/Events
Cantor Fitzgerald biotech analysts to hold KOL analyst/industry conference call »

Analysts, along with Key…

IMMU

Immunomedics

$16.60

(0.00%)

RHHBY

Roche

$0.00

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SGEN

Seattle Genetics

$73.92

-0.08 (-0.11%)

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AEM

Agnico Eagle

$59.03

0.82 (1.41%)

09:45
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Conference/Events
Agnico Eagle management to meet with CIBC »

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MRK

Merck

$85.17

(0.00%)

, LLY

Eli Lilly

$116.16

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09:41
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Conference/Events
Cantor Fitzgerald biotech analysts to hold KOL analyst/industry conference call »

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MRK

Merck

$85.17

(0.00%)

LLY

Eli Lilly

$116.16

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AMD

AMD

$30.04

(0.00%)

, NKE

Nike

$86.69

(0.00%)

09:40
09/23/19
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Options
Unusually active option classes on open September 23rd »

Unusual total active…

AMD

AMD

$30.04

(0.00%)

NKE

Nike

$86.69

(0.00%)

SLV

iShares Silver Trust

$16.80

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GDX

VanEck Vectors Gold Miners ETF

$28.67

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XLNX

Xilinx

$96.45

(0.00%)

AMAT

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$50.92

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MRK

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$85.17

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X

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$10.81

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WORK

Slack Technologies

$25.39

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BMY

Bristol-Myers

$50.56

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FB

Facebook

$189.88

-0.27 (-0.14%)

, SNAP

Snap

$17.05

0.18 (1.07%)

09:39
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Periodicals
Snap detailed Facebook's hardball tactics in 'Voldemort' dossier, WSJ reports »

Facebook's (FB)…

FB

Facebook

$189.88

-0.27 (-0.14%)

SNAP

Snap

$17.05

0.18 (1.07%)

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FNKO

Funko

$21.88

-1.48 (-6.34%)

09:37
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Funko analyst commentary  »

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APY

Apergy

$29.42

0.07 (0.24%)

, BAS

Basic Energy

$1.89

0.45 (31.25%)

09:36
09/23/19
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Conference/Events
Johnson Rice to hold a conference »

Energy Conference will be…

APY

Apergy

$29.42

0.07 (0.24%)

BAS

Basic Energy

$1.89

0.45 (31.25%)

CHAP

Chaparral Energy

$1.77

-0.025 (-1.39%)

DNR

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$1.29

-0.045 (-3.38%)

EPM

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$5.88

0.23 (4.07%)

FET

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$1.75

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GDP

Goodrich Petroleum

$11.14

0.04 (0.36%)

HLX

Helix Energy

$8.28

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ICD

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$1.73

0.14 (8.81%)

KEG

Key Energy

$1.60

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LLEX

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$0.39

0.0095 (2.52%)

MDR

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$2.01

0.43 (27.22%)

NBL

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$23.15

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OAS

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$3.95

0.01 (0.25%)

PDCE

PDC Energy

$30.46

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REI

Ring Energy

$1.82

0.23 (14.51%)

RE

Everest Re

$264.50

2.26 (0.86%)

SBOW

SilverBow Resources

$10.29

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SDPI

Superior Drilling

$0.83

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TUSK

Mammoth Energy

$2.98

0.03 (1.02%)

USWS

U.S. Well Services

$2.17

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WTTR

Select Energy Services

$9.02

0.11 (1.23%)

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BAC

Bank of America

$29.57

-0.23 (-0.77%)

, BK

BNY Mellon

$46.38

-0.61 (-1.30%)

09:35
09/23/19
09/23
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09:35
Conference/Events
U.S. Treasury Department to co-host a conference »

The U.S. Treasury Dept,…

BAC

Bank of America

$29.57

-0.23 (-0.77%)

BK

BNY Mellon

$46.38

-0.61 (-1.30%)

BLK

BlackRock

$444.61

0.64 (0.14%)

CS

Credit Suisse

$12.81

-0.05 (-0.39%)

FNMA

Fannie Mae

$0.00

(0.00%)

GS

Goldman Sachs

$213.76

-1.59 (-0.74%)

03/08/13
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