BOX Maintained by Citigroup -- Price Target Raised to $40

Box reported $446M in cash and investments, repurchased 2.6M shares, and has $378M left for buybacks. The company highlighted AI-driven customer demand, new security features, and integrations with AI models. It raised fiscal 2027 revenue guidance to $1.29B, citing strong AI demand and adoption. Q3 revenue is forecasted at $329M, with 9% YoY growth.

Box (BOX) reported Q2 revenue of $321M, up 9% YoY, and adjusted net income of $55.7M, up 12%. Analysts expected $319M revenue and $0.40 EPS. The company raised its full-year revenue guidance to $1.29B but lowered adjusted EPS guidance to $1.54. The stock rose 1.18% on the news.

BOX INC reported 1Q 2027 revenue of $321.1M, up 9% YoY, and EPS of $0.09, up from $0.05. Growth was driven by recurring sales and improved operating efficiency, with net income rising 62% YoY to $13.1M. Customer retention remained strong, with net retention at 106% and RPO up 15%.

Box Inc. (BOX) reported Q2 2026 revenue of $321.1M (+9% YoY), with operating income rising to $32.6M (10.2% margin). Net income was $13.1M, and EPS was $0.09. RPO grew 15% to $1.7B, and billings increased 17% to $309.5M. Cash flow from operations was $211M (+22% YoY). The company faces a stockholders' deficit of $351.1M and long-term obligations.

Box reported 2Q profit of $19.2M, up from $13.4M YoY, with revenue at $321.1M, exceeding expectations. Adjusted EPS met estimates at 40 cents. Full-year revenue guidance raised to $1.29B, but adjusted EPS lowered to $1.54 due to FX headwinds and share dilution. 3Q guidance: adjusted EPS 39 cents, revenue $329M.

Box (BOX) reported Q2 adjusted EPS of $0.40, up 21% YoY, matching analyst estimates. Revenue exceeded expectations, but shares wavered late after a recent rally.