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BOX Enhances its Content Management Offerings With Box AI
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Box (BOX - Free Report) is continuously riding on Box AI.
Box AI is gaining strong momentum as it helps in the easy extraction of information from documents, the generation of new content automatically, and deriving timely insights from content, which, in turn, helps accelerate the workflows of various businesses.
Hence, the company is making strong efforts to strengthen Box AI in order to boost its consulting offerings.
It recently made end-user queries in Box AI for Hubs, Documents and Notes unlimited for Enterprise Plus customers.
The company also unveiled new features in Box AI, which include GPT-4o Integration in Hubs, additional file types and new developer tools. Box strives to aid various enterprises in boosting their drive efficiency with the power of generative AI.
Box also introduced Box AI for Metadata API to enable developers to extract key information from documents at a scale automatically.
Portfolio Strength: Key Catalyst
With the latest move, Box bolstered its Intelligent Content Management solutions.
This apart, Box’s strategic partnerships and acquisitions are also contributing well to its portfolio strength.
The company’s extended partnership with Microsoft (MSFT - Free Report) to integrate Azure OpenAI Service with Box AI is noteworthy. With this, Box customers can leverage advanced large language models of Azure OpenAI Service, adhering to Box and Microsoft's enterprise-grade standards for security, privacy and compliance.
Box collaborated with Alphabet (GOOGL - Free Report) to integrate Google Cloud’s generative AI capabilities to enhance enterprise work. This partnership is about integrating Vertex AI to improve data processing and analysis in Box Content Cloud.
The partnership with Alphabet powers Box's metadata extraction feature, which saves customers’ time by automatically identifying and tagging key context from documents and matching metadata fields to attributes.
Box’s buyout of Crooze — a provider of no-code enterprise content management applications — is a positive. Box is integrating Crooze’s advanced enterprise content management capabilities into its robust set of content services.
The above-mentioned endeavors will enable Box to deliver enhanced content management experiences to customers. This, in turn, will boost the company’s customer momentum, which will aid its overall financial performance in the upcoming period.
However, the company has been suffering from macroeconomic headwinds, high inflation and unfavorable foreign exchange fluctuations. Moreover, rising cloud competition poses a threat to Box’s market position.
Box has gained 3.2% year to date, underperforming the industry’s rally of 14.9%.
For fiscal 2025, the company revised its revenue guidance downward from $1.08-$1.085 billion to $1.075-$1.08 billion.
The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $1.08 billion, indicating an increase of 4% from the year-ago quarter’s reported figure.
BOX raised its guidance for non-GAAP earnings per share from $1.53-$1.57 to $1.54-$1.58. However, this guidance includes an expected foreign exchange headwind of 15 cents.
The consensus mark for fiscal 2025 earnings is pegged at $1.57 per share, indicating year-over-year growth of 7.5%. The figure has been unchanged over the past 30 days.
Image: Shutterstock
BOX Enhances its Content Management Offerings With Box AI
Box (BOX - Free Report) is continuously riding on Box AI.
Box AI is gaining strong momentum as it helps in the easy extraction of information from documents, the generation of new content automatically, and deriving timely insights from content, which, in turn, helps accelerate the workflows of various businesses.
Hence, the company is making strong efforts to strengthen Box AI in order to boost its consulting offerings.
It recently made end-user queries in Box AI for Hubs, Documents and Notes unlimited for Enterprise Plus customers.
The company also unveiled new features in Box AI, which include GPT-4o Integration in Hubs, additional file types and new developer tools. Box strives to aid various enterprises in boosting their drive efficiency with the power of generative AI.
Box also introduced Box AI for Metadata API to enable developers to extract key information from documents at a scale automatically.
Portfolio Strength: Key Catalyst
With the latest move, Box bolstered its Intelligent Content Management solutions.
This apart, Box’s strategic partnerships and acquisitions are also contributing well to its portfolio strength.
The company’s extended partnership with Microsoft (MSFT - Free Report) to integrate Azure OpenAI Service with Box AI is noteworthy. With this, Box customers can leverage advanced large language models of Azure OpenAI Service, adhering to Box and Microsoft's enterprise-grade standards for security, privacy and compliance.
Box collaborated with Alphabet (GOOGL - Free Report) to integrate Google Cloud’s generative AI capabilities to enhance enterprise work. This partnership is about integrating Vertex AI to improve data processing and analysis in Box Content Cloud.
The partnership with Alphabet powers Box's metadata extraction feature, which saves customers’ time by automatically identifying and tagging key context from documents and matching metadata fields to attributes.
Box’s buyout of Crooze — a provider of no-code enterprise content management applications — is a positive. Box is integrating Crooze’s advanced enterprise content management capabilities into its robust set of content services.
The above-mentioned endeavors will enable Box to deliver enhanced content management experiences to customers. This, in turn, will boost the company’s customer momentum, which will aid its overall financial performance in the upcoming period.
However, the company has been suffering from macroeconomic headwinds, high inflation and unfavorable foreign exchange fluctuations. Moreover, rising cloud competition poses a threat to Box’s market position.
Box has gained 3.2% year to date, underperforming the industry’s rally of 14.9%.
For fiscal 2025, the company revised its revenue guidance downward from $1.08-$1.085 billion to $1.075-$1.08 billion.
The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $1.08 billion, indicating an increase of 4% from the year-ago quarter’s reported figure.
BOX raised its guidance for non-GAAP earnings per share from $1.53-$1.57 to $1.54-$1.58. However, this guidance includes an expected foreign exchange headwind of 15 cents.
The consensus mark for fiscal 2025 earnings is pegged at $1.57 per share, indicating year-over-year growth of 7.5%. The figure has been unchanged over the past 30 days.
Zacks Rank & Stocks to Consider
Currently, Box carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Garmin (GRMN - Free Report) which sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Garmin’s shares have gained 26.6% in the year-to-date period. The long-term earnings growth rate for GRMN is currently projected at 8.04%.