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BOX, INC. - BOX STOCK NEWS

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.

News

Box Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

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Box, Inc. (NYSE:BOX) reported fourth-quarter revenue of $263 million and fiscal 2024 revenue of $1.04 billion, meeting guidance. The company achieved GAAP operating margin of 8% and non-GAAP operating margin of 26.7%, exceeding expectations. Box also announced a $100 million expansion of its stock repurchase program.
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Box to Host Financial Analyst Day

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Box, Inc. announces FY25 Financial Analyst Day on March 19, 2024, with executive team presentation and Q&A session. Registration for virtual event open.
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Box to Present at Investor Conference

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Box, Inc. (NYSE:BOX) will present at the Morgan Stanley Technology, Media, & Telecom Conference on March 6, 2024, at 1:20pm PT. The event will be webcast live and replayed for 90 days.
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Box Sets Date to Announce Fourth Quarter and Fiscal 2024 Financial Results

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Box, Inc. (NYSE:BOX) has announced that it will release its financial results for the fourth quarter and full fiscal year ending January 31, 2024. The company's management will hold a conference call and webcast on March 5, 2024, to discuss the financial results and business developments. The webcast will be accessible from the Box investor relations website, and a replay will be available until March 12, 2024.
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Box Brings Your Content to Life with the Box App for Apple Vision Pro

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Box, Inc. (NYSE:BOX) has announced the launch of the new Box app for Apple Vision Pro, designed to revolutionize how people experience and collaborate on content in the enterprise. The app aims to take advantage of spatial computing, providing immersive experiences and infinite desktop powered by the visionOS platform. Box CEO Aaron Levie has compared the technology to the iPhone and iPad, emphasizing the potential for redefining the way people work. The press release highlights various use cases across different industries, such as construction, retail, manufacturing, entertainment, and higher education, showcasing the potential of immersive content experiences. The app also promises enterprise-grade security and compliance, with advanced content protection and security tools. The Box for Apple Vision Pro app will be available for free in the App Store for visionOS users when Apple Vision Pro launches on February 2, 2024.
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Box Acquires Crooze to Transform Enterprise Content Management with AI and Metadata-Powered Applications

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Box, Inc. (NYSE:BOX) has acquired Crooze, a leading provider of no-code enterprise content management applications. This acquisition is aimed at helping organizations address business-critical processes like contract lifecycle management, digital asset management, and controlled document management. The acquisition is expected to reshape what enterprises can do with their content. Crooze's capabilities enable customers to easily and quickly build apps to manage critical content on Box, including contracts, digital assets, and controlled documents. The worldwide content services applications market is expected to grow from $15.1 billion in 2022 to $23.8 billion in 2027 at a compound annual growth rate (CAGR) of 9.6%. Box will continue to offer and support Crooze products and services, and in parallel will integrate the Crooze technology natively into the Box Content Cloud.
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Box Sign Achieves Support for FDA 21 CFR Part 11 Compliance to Streamline Regulated E-signature Workflows

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Box, Inc. (NYSE:BOX) announced that its e-signature product, Box Sign, achieved support for compliance with FDA 21 CFR Part 11 regulations, enabling life sciences customers to digitize their processes with confidence. The new capabilities allow for comprehensive support of electronic signatures within the Box Content Cloud, eliminating the need for expensive standalone modules and signer authentication add-ons.
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Box Announces Three New Consulting Offerings to Accelerate Secure AI Adoption in the Enterprise

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Box, Inc. (NYSE: BOX) has announced new consulting services to help customers implement AI content strategies. The tailored offerings include workshops, implementation roadmaps, managed deployment, training, and support to empower enterprises of all sizes. These new AI-specific offerings aim to help organizations unlock the value of their unstructured data and realize the power of AI more quickly.
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Box Reports Fiscal Third Quarter 2024 Financial Results

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Box, Inc. (NYSE:BOX) reports a 5% increase in revenue to $262 million, 3% increase in cash from operations to $72 million, and 6% increase in free cash flow to $58 million for the third quarter of fiscal year 2024. The company's focus on delivering profitable growth drove operating margin expansion and 16% year-over-year growth in earnings per share. RPO as of October 31, 2023, was $1.131 billion, a 7% increase from the previous year. However, billings for the same period decreased by 2% to $253.7 million.
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Box Expands in Poland with Move To State-of-the-Art Offices in Varso Tower

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Box, Inc. (BOX) expands operations in Poland, opening new Research and Development offices in Warsaw and rapidly hiring in the region. The company occupies ten floors of the newly completed Varso Tower, now the EU’s highest building. Since its debut in Poland in 2020, Box has hired more than 300 employees in the region, focusing on technical roles. The company will continue to tap into Poland’s engineering and product talent pools, hiring in areas including design, information security, finance, and people operations. Box's new office space celebrates Poland’s unique history and culture and aims to provide a hybrid work environment for its employees. With more than 115,000 customers, Box empowers many of the largest and most regulated enterprises around the world to accelerate business processes, power workplace collaboration, and protect valuable information.
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FAQ

What is the current stock price of BOX (BOX)?

The current stock price of BOX (BOX) is $32.03 as of December 20, 2024.

What is the market cap of BOX (BOX)?

The market cap of BOX (BOX) is approximately 4.6B.

What does Box, Inc. do?

Box, Inc. provides cloud-based content services, including storage and workflow collaboration, for enterprise customers.

When was Box, Inc. founded?

Box, Inc. was founded in 2005.

Where is Box, Inc. headquartered?

Box, Inc. is headquartered in Redwood City, California.

Who are some of Box, Inc.'s major clients?

Major clients include AstraZeneca, General Electric, Procter & Gamble, and The Gap.

What recent features has Box added to its platform?

Recent features include advanced governance tools, enhanced security features, and e-signature capabilities.

How many businesses use Box, Inc.'s services?

Over 87,000 businesses globally use Box's services.

Does Box, Inc. have a global presence?

Yes, Box has offices across the United States, Europe, and Asia.

What is Box, Inc.'s mission?

Box's mission is to secure and simplify the management of content for organizations of all sizes.

How does Box ensure data protection?

Box integrates with major applications and provides strong data protection to ensure compliance with global data protection regulations.

Where can I find more information about Box, Inc.?

You can find more information on Box's official website at http://www.box.com/.

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BOX, INC.

NYSE:BOX

BOX Rankings

#1349 Ranked by Market Cap
N/A Ranked by Dividends

BOX Stock Data

4.57B
138.79M
3.4%
100.49%
12.23%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
REDWOOD CITY