Welcome to our dedicated page for Box news (Ticker: BOX), a resource for investors and traders seeking the latest updates and insights on Box stock.
Box, Inc. (NYSE: BOX) is a leading cloud content management company that empowers enterprises to revolutionize their work by securely connecting their people, information, and applications. Founded in 2005, Box has grown to power more than 87,000 businesses globally, including industry giants like AstraZeneca, General Electric, Procter & Gamble, and The Gap. Headquartered in Redwood City, California, Box has a global presence with offices across the United States, Europe, and Asia.
Box provides a robust, cloud-based content services platform that offers storage and workflow collaboration services tailored for enterprise customers. Initially recognized as a file-sync and sharing provider, Box has significantly expanded its product portfolio to meet evolving business needs. Recent enhancements include advanced tools for governance, data protection, and e-signature capabilities, which streamline workflow management and promote seamless collaboration.
The company's mission is to secure and simplify the management of content for organizations of all sizes. By integrating with major applications and providing strong data protection, Box ensures that enterprises can operate efficiently and securely. Box's innovative solutions continue to set industry standards, providing clients with the tools they need to succeed in a digital-first world.
Recent Achievements and Current Projects:
- Enhanced security features ensuring compliance with global data protection regulations.
- Introduction of new e-signature capabilities to streamline document workflows.
- Expanded partnerships with leading companies to broaden the ecosystem of integrated applications.
- Ongoing development of AI-driven tools to improve content management and accessibility.
With a track record of robust financial performance and a commitment to innovation, Box stands as a pivotal player in the cloud content management sector, delivering valuable solutions to companies worldwide.
For the latest updates and detailed information about Box, Inc., visit Box's official website.
Box has scheduled its third quarter fiscal 2025 earnings announcement for Tuesday, December 3, 2024, after market close. The company will host a conference call and webcast at 2:00 p.m. PT to discuss financial results and business developments for the quarter ended October 31, 2024. Interested parties can register online to receive dial-in information and a conference ID. A live webcast will be available on Box's investor relations website, with a replay accessible until December 2, 2025.
Transcend has appointed Luke Arno as Chief Revenue Officer (CRO) to lead its revenue organization. Arno joins from Twilio Segment where he served as Global Vice President of Sales, driving significant ARR growth across multiple regions. The appointment comes as Transcend reports record-breaking performance in 2024, helping companies save over $100 million through autonomous privacy operations. Additionally, Mike Orlick has been promoted to Global VP of Sales. The company aims to help enterprises transition from legacy solutions to its next-generation privacy platform, focusing on consent management, data discovery, and digital governance functions.
Box and AWS have announced an expanded strategic partnership to enhance generative AI capabilities for enterprises. Box customers can now access foundation models through Amazon Bedrock, starting with Anthropic's Claude and Amazon Titan models. The integration includes a new Box connector for Amazon Q Business, enabling organizations to leverage their private data for AI-powered tasks like content generation, summarization, and information retrieval. The partnership aims to help various industries including financial services, media, law firms, nonprofits, and life sciences organizations to enhance their workflows while maintaining security and compliance standards.
Box has announced the general availability of Box Hubs, a new feature designed to revolutionize content publishing in enterprises. Box Hubs are customizable portals that simplify content curation and publishing across organizations. The feature aims to make it easier for employees to find up-to-date information and extract insights using Box AI.
Key features of Box Hubs include:
- Secure external sharing with partners and vendors
- Quick file location using Box's global search
- New settings like direct Hub linking and vanity links
- Compliance with federal requirements such as Section 508
Box AI functionalities are available for Enterprise Plus plan customers, allowing users to ask questions across all documents in a Hub. The feature is already being used by various organizations for HR, business development, legal, marketing, and product management purposes.
Box, Inc. (NYSE:BOX) has priced a private placement of $400 million in 1.50% convertible senior notes due 2029. The notes, convertible at an initial rate of 23.0102 shares per $1,000 principal amount (equivalent to $43.46 per share), represent a 30% premium over Box's last reported stock price. Box expects net proceeds of about $389.2 million, potentially rising to $447.8 million if additional purchase options are exercised.
The company plans to use $45.6 million for capped call transactions, $191.7 million to repurchase outstanding 2026 Notes, and the remainder for working capital and general corporate purposes. Box also entered into agreements to unwind a portion of existing capped call transactions, expecting to receive about $30.3 million.
Box, Inc. (NYSE:BOX) announced that Oxera Consulting LLP has chosen Box as its centralized cloud platform for intelligent content management. Oxera, a European consultancy with offices in six countries, deployed Box Enterprise Plus across its organization to enhance secure collaboration, meet data security and compliance requirements, and extract value from unstructured content.
Key benefits for Oxera include:
- Consistent user experience across international offices
- Efficient project management and secure client collaboration
- Enhanced data security for critical firm and client information
- Compliance with document retention policies
- Migration of 12.1TB of content, reducing on-premise server requirements
- Integration with business-critical apps like Microsoft Teams, Office, and NetSuite
Oxera is also exploring future opportunities with enterprise-grade AI, including Box's Metadata API, Box Hubs, GPT-4o integration, and Crooze technology for digital asset management.
Box, Inc. (NYSE:BOX) has announced plans to offer $400 million in convertible senior notes due 2029 to qualified institutional buyers. The company may also grant an option for an additional $60 million. These notes will be convertible into cash, shares of Box's Class A common stock, or a combination thereof. Box intends to use the proceeds to:
1. Fund capped call transactions to offset potential dilution
2. Repurchase a portion of its outstanding 2026 Notes
3. Support working capital and general corporate purposes
The offering's terms, including interest rate and conversion rate, will be determined at pricing. This move could impact Box's stock price and capital structure.
Box, the leading Intelligent Content Cloud, has announced its management team's participation in Citi's 2024 Global Technology and GEMS Conference. The presentation is scheduled for September 5, 2024, at 2:10 PM ET at The Lotte New York Palace Hotel in New York.
Investors and interested parties can access a live webcast of the event on Box's investor relations website. For those unable to attend, a replay will be available approximately one hour after the live presentation and will remain accessible for 365 days. This event provides an opportunity for Box to showcase its latest developments and strategies to the investment community.
Box Inc (NYSE:BOX) reported strong fiscal Q2 2025 results, with revenue of $270 million, up 3% year-over-year (6% in constant currency). The company achieved record non-GAAP operating margin of 28.4% and record non-GAAP net income per share of $0.44. Billings grew 10% to $256.4 million, while remaining performance obligations (RPO) increased 12% to $1.272 billion. Box announced a new $100 million expansion of its stock repurchase program. The company is focusing on Intelligent Content Management, expanding its market opportunity with Box AI and strategic acquisitions like Alphamoon. For Q3 FY25, Box expects revenue between $274-$276 million and non-GAAP operating margin of approximately 28%.
Box (NYSE: BOX) has appointed Tricia Gellman as its new Chief Marketing Officer. Gellman brings over 20 years of experience in driving growth for tech companies like Salesforce and Adobe. As CMO, she will help accelerate Box's path to $2 billion in revenue and its evolution as an Intelligent Content Management platform.
Gellman's appointment aligns with Box's vision to pioneer the new category of Intelligent Content Management, helping its 100,000+ customers leverage AI for content transformation. Her expertise in demand generation, positioning, and solutions marketing is expected to solidify Box's leadership in this space.
During her time at Salesforce, Gellman played a important role in the company's growth from $1 billion to $13 billion in annual revenue. She has also held key positions at Adobe, Checkr, and Drift, demonstrating a strong track record in go-to-market strategies and solution-selling practices.
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