What Will Happen to Box Inc Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Box Inc Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Box Inc (BOX) registered an unusually high (701) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BOX increase. With 701 contracts traded and 71454 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BOX170120C00014000 closed last at: $1.65 or 2.9% down. About 122,713 shares traded hands. Box Inc (NYSE:BOX) has risen 22.88% since April 11, 2016 and is uptrending. It has outperformed by 16.73% the S&P500.

Box Inc (NYSE:BOX) Ratings Coverage

Out of 10 analysts covering Box Inc (NYSE:BOX), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $25 is the highest target while $12 is the lowest. The $19 average target is 27.60% above today’s ($14.89) stock price. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Canaccord Genuity on Friday, September 25. The stock of Box Inc (NYSE:BOX) earned “Buy” rating by Bank of America on Tuesday, November 24. The stock has “Hold” rating given by Canaccord Genuity on Thursday, September 10. The rating was initiated by JMP Securities with “Outperform” on Tuesday, December 22. Morgan Stanley maintained it with “Equal-Weight” rating and $12 target price in Thursday, March 10 report. The stock has “Buy” rating given by Rosenblatt on Monday, September 26. On Friday, October 16 the stock rating was upgraded by JP Morgan to “Overweight”. The stock has “Neutral” rating given by JP Morgan on Thursday, June 2. Mitsubishi UFJ initiated the stock with “Neutral” rating in Friday, September 16 report. The firm earned “Outperform” rating on Friday, August 7 by Oppenheimer.

According to Zacks Investment Research, “Box, Inc. is a provider of a cloud -based product platform. Its solution include Box OneCloud, FTP alternative, document management, executive boardroom, project management, virtual data room, marketing asset management, sales portal and secure enterprise mobility. The company’s platform offers content management and collaboration, storing, sharing and managing files. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment as well as retail industry. Box, Inc. is headquartered in Los Altos, California.”

Box, Inc. provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. The company has a market cap of $1.90 billion. With the Company’s Software-as-a-Service cloud platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. It currently has negative earnings. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types.

BOX Company Profile

Box, Inc., incorporated on March 11, 2008, provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types. The software integrates with enterprise business applications, and is compatible with various application environments, operating systems and devices, ensuring that workers have access to their business content. It offers individuals a free basic version of the Box platform that allows them to experience its solution.

More news for Box Inc (NYSE:BOX) were recently published by: Latimes.com, which released: “California Inc.: Billions of dollars on the line at ballot box” on November 07, 2016. Businesswire.com‘s article titled: “Box Sets Date to Announce Third Quarter Fiscal 2017 Financial Results” and published on November 04, 2016 is yet another important article.

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