A Reversal for Box Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Box Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session Box Inc (BOX) registered an unusually high (337) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BOX increase. With 337 contracts traded and 74654 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BOX161216C00017000 closed last at: $0.4 or 33.3% up. About 121,651 shares traded hands. Box Inc (NYSE:BOX) has risen 17.16% since April 27, 2016 and is uptrending. It has outperformed by 11.94% 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 24.75% above today’s ($15.23) stock price. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Monday, July 27, the company rating was upgraded by Pacific Crest. The firm earned “Overweight” rating on Friday, October 16 by JP Morgan. The stock of Box Inc (NYSE:BOX) has “Neutral” rating given on Thursday, June 2 by JP Morgan. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, January 19. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, September 25. The rating was maintained by Morgan Stanley on Thursday, March 10 with “Equal-Weight”. The stock of Box Inc (NYSE:BOX) earned “Buy” rating by Rosenblatt on Monday, September 26. The rating was upgraded by Bank of America on Tuesday, November 24 to “Buy”. Oppenheimer upgraded the shares of BOX in a report on Friday, August 7 to “Outperform” rating. The rating was initiated by Mitsubishi UFJ with “Neutral” on Friday, September 16.

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 $1.92 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 recent Box Inc (NYSE:BOX) news were published by: Nasdaq.com which released: “What’s in the Cards for Box, Inc. (BOX) in Q3 Earnings?” on November 28, 2016. Also Streetinsider.com published the news titled: “Form 4 JACK IN THE BOX INC /NEW For: Nov 28 Filed by: COMMA LEONARD A” on November 30, 2016. Streetinsider.com‘s news article titled: “Form 3 JACK IN THE BOX INC /NEW For: Nov 17 Filed by: ALTER IWONA” with publication date: November 29, 2016 was also an interesting one.

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