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BOX, INC. - BOX STOCK NEWS

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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.

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Box, Inc. (NYSE:BOX) will report its financial results for the fourth quarter and full fiscal year ending January 31, 2023, on March 1, 2023, after market close. The company will host a conference call and webcast at 2:00 p.m. PT to discuss these results and recent business developments. Interested participants can register online to gain access to the call. A replay of the event will be available shortly after the call concludes. Box, a leader in content management, serves prominent clients including AstraZeneca and Morgan Stanley, and operates globally with a significant presence in the U.S., Europe, and Asia.

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Box, Inc. (NYSE:BOX) has announced enhancements to its integration with Salesforce on the Salesforce AppExchange. These updates focus on improving user experience by facilitating secure access to content from various business applications. Key features include improved federated search for Box content within Salesforce, enhanced custom folder structures for better organization, and an updated installation wizard for easier deployment. The upgraded integration is now generally available for customers on Business plans and above, aiming to streamline workflows and increase efficiency.

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Box, Inc. (NYSE: BOX) has announced major enhancements to its Box Shield security solution, introducing a new Ethical Walls feature to prevent conflicts of interest and improving malware detection capabilities. Key additions include: information barriers that restrict user collaborations, malware deep scan capabilities supporting new file types, and multi-factor authentication options. With rising cyberattack costs, these features aim to bolster client security and compliance in regulated sectors. Box’s security upgrades reflect its commitment to safeguarding customer data in an evolving threat landscape.

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Box, Inc. has announced the recipients of its Box Impact Fund, awarding six nonprofits a total of $150,000 in grants of $25,000 each. The funded organizations focus on child welfare, crisis response, and environmental issues, including ChildFund Mexico, IT WILL BE, and HERA Digital Health. Box continues its commitment to support nonprofits, showcasing its role in driving digital transformation and social impact.

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Box, Inc. (NYSE:BOX) reported preliminary Q3 FY2023 results showing a 12% revenue growth to $250 million and record operating margins of 5.3% GAAP and 24% non-GAAP. Remaining performance obligations rose to $1.056 billion. The company also announced a $150 million expansion of its stock repurchase program. Despite a $0.03 GAAP net income per share, FX impacts negatively affected earnings. Q4 FY23 guidance expects revenue between $255 million and $257 million, up 10% year-over-year, with an EPS of $0.06 to $0.07.

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Box, Inc. (NYSE:BOX) has launched an enhanced app for Zoom, allowing users to automatically save Zoom recordings to Box. This feature addresses customer requests and enhances productivity by reducing app switching. Users can seamlessly save recordings, maintain security policies, and manage tasks within Box. This update builds on previous integrations, cementing Box's role as a content hub for Zoom communications. The partnership aims to improve workflow efficiency and security, ultimately benefiting joint customers.

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Box, Inc. (NYSE:BOX) will report its second-quarter financial results for the period ending October 31, 2022, on November 30, 2022. The earnings conference call is scheduled for 2:00 p.m. PT on the same day, where management will discuss the results and business developments. Interested parties can register and access the call via Box's investor relations website. A replay will be available until December 7, 2022. Box's platform supports organizations in managing content securely and efficiently, serving clients like AstraZeneca and Morgan Stanley.

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Box, Inc. (NYSE: BOX) has renewed its partnership with Japan’s Ministry of the Environment to digitize and streamline administrative operations. This collaboration aims to enhance productivity and security, enabling remote work for employees. Box's platform provides unlimited content storage and improved security measures, supporting the Ministry's transition to a cloud-based system amid the COVID-19 pandemic. The initiative is expected to help employees focus on higher-value tasks, thereby promoting better public services and environmental administration.

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Box (NYSE:BOX) announced the launch of its enhanced collaboration tools, including the general availability of Box Notes and the upcoming beta of Box Canvas, aimed at improving teamwork in a hybrid work environment. Box Notes offers new features like enhanced formatting, collaboration tools, and improved security, available at no extra cost. The beta version of Box Canvas, set for November, will facilitate visual collaboration, while Content Insights will enhance content performance visibility. These innovations respond to businesses seeking efficient tools for secure collaboration.

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Box, Inc. has announced that the Box Sign e-signature capability is now available for all users at no additional cost. This update includes new features designed to enhance user experience and streamline digital transactions. Key features include a ready-sign link for easy document sharing, revise signature request functionality, enhanced integration with Sign-Relay, signature framing, and improved signer navigation. These updates aim to reduce costs and improve efficiency for businesses, enabling them to transition more transactions to the cloud.

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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/.

BOX, INC.

NYSE:BOX

BOX Rankings

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