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Box's (BOX) Cloud Management Platform a Favorite for Komatsu
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The increasing adoption of Box, Inc.‘s (BOX - Free Report) cloud management platform by its existing client, Komatsu, reiterates the strength and innovative nature of Box’s product portfolio. Komatsu is a manufacturer of machineries and equipment specific to construction and mining, utility, forest and industrial sectors.
The cloud platform is already in use by more than 10,000 employees of Komatsu since March 2017. With the growing deployment of the platform, Box will generate more revenues and the company’s top line will gain momentum.
Komatsu, with the help of Box, is able to integrate the work across its various offices, teams, customers and business partners at multiple locations on a single cloud platform.
Coming to the price performance, the shares of Box have returned 38.7% over a year, outperforming the industry’s rally of 35.6%.
Strengthening Clientele
The company’s strong product portfolio has been able to generate a solid client base. Box enables in-house enterprise developers and independent software developers create industry and market focused applications with ease.
Komatsu is deploying Box’s cloud platform to a large extent to its employees. Along with Komatsu, other enterprises like AstraZeneca, General Electric, P&G and Schneider Electric have adopted the company’s platform.
Hence, the company enjoys a strong client and user base. In the fourth quarter, Box witnessed 82,000 paying organizations, up from 80,000 in the third quarter. Additionally, a fortune 500 bank adopted the cloud platform for content management for cases like building repositories for loan documents, statements and check images.
Robust Product Portfolio
Box has an innovative product portfolio which is helping the company to attract more customers and clients to its platform and helping to generate more revenues.
In January 2018, Box introduced Box GxP Validation, which allows validation and operation of GxP compliance standard to its pharmaceutical, biotechnology and medical device business clients.
In December 2017, the company launched Box Transform which provides a Box Consultant to the business clients to develop customised solutions from their business insights.
Moreover, the company’s strategic partnership with Google Cloud and Microsoft’s Azure is helping it to integrate its platform. This has added enhanced features such as artificial intelligence, machine learning and image recognition capabilities to Box’s cloud products and services.
Per the Markets and Markets report, the market for cloud enterprise content management is expected to grow at a CAGR of 28.6% between 2017 and 2022 and reach $34.42 billion by 2022.
Long-term earnings growth rate for Paycom Software, Veeva Systems and Nice is currently pegged at 25.75%, 17% and 12.5%, respectively.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
Box's (BOX) Cloud Management Platform a Favorite for Komatsu
The increasing adoption of Box, Inc.‘s (BOX - Free Report) cloud management platform by its existing client, Komatsu, reiterates the strength and innovative nature of Box’s product portfolio. Komatsu is a manufacturer of machineries and equipment specific to construction and mining, utility, forest and industrial sectors.
The cloud platform is already in use by more than 10,000 employees of Komatsu since March 2017. With the growing deployment of the platform, Box will generate more revenues and the company’s top line will gain momentum.
Komatsu, with the help of Box, is able to integrate the work across its various offices, teams, customers and business partners at multiple locations on a single cloud platform.
Coming to the price performance, the shares of Box have returned 38.7% over a year, outperforming the industry’s rally of 35.6%.
Strengthening Clientele
The company’s strong product portfolio has been able to generate a solid client base. Box enables in-house enterprise developers and independent software developers create industry and market focused applications with ease.
Komatsu is deploying Box’s cloud platform to a large extent to its employees. Along with Komatsu, other enterprises like AstraZeneca, General Electric, P&G and Schneider Electric have adopted the company’s platform.
Hence, the company enjoys a strong client and user base. In the fourth quarter, Box witnessed 82,000 paying organizations, up from 80,000 in the third quarter. Additionally, a fortune 500 bank adopted the cloud platform for content management for cases like building repositories for loan documents, statements and check images.
Robust Product Portfolio
Box has an innovative product portfolio which is helping the company to attract more customers and clients to its platform and helping to generate more revenues.
In January 2018, Box introduced Box GxP Validation, which allows validation and operation of GxP compliance standard to its pharmaceutical, biotechnology and medical device business clients.
In December 2017, the company launched Box Transform which provides a Box Consultant to the business clients to develop customised solutions from their business insights.
Moreover, the company’s strategic partnership with Google Cloud and Microsoft’s Azure is helping it to integrate its platform. This has added enhanced features such as artificial
intelligence, machine learning and image recognition capabilities to Box’s cloud products and services.
Per the Markets and Markets report, the market for cloud enterprise content management is expected to grow at a CAGR of 28.6% between 2017 and 2022 and reach $34.42 billion by 2022.
Box, Inc. Revenue (TTM)
Box, Inc. Revenue (TTM) | Box, Inc. Quote
Zacks Rank & Stocks to Consider
Currently, Box carries a Zacks Rank #3 (Hold).
Investors interested in the broader technology sector can consider some better-ranked stocks like Paycom Software (PAYC - Free Report) , Veeva Systems (VEEV - Free Report) and Nice (NICE - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Paycom Software, Veeva Systems and Nice is currently pegged at 25.75%, 17% and 12.5%, respectively.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>