Box gains on upbeat annual revenue forecast
BOX•Quarterly results and analyst reaction
Box's Q2 revenue rises 9%, slightly beating analysts' estimates, while adjusted EPS is in line with expectations.
At least three brokerages raise PT on the stock following quarterly results.
Four of 10 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is $37 - LSEG data.
Up to last day's close, the stock was up 10.3% YTD.
Shares rise after revenue outlook tops estimates
Shares of U.S. content management platform Box BOX.N rise 3.4% to $34.11 in premarket trading.
The company forecasts full-year revenue of $1.29 bln vs analysts' estimate of $1.28 bln.
