Cloud Stocks: Analysis Of Box’s Acquisition Of SignRequest

 

With the global lockdown conditions continuing, the global content and collaboration services player Box (NYSE: BOX) is delivering strong performance. It recently also announced several product upgrades and acquired a digital signature technology firm to announce its foray into the digital signature market.

Box’s Financials

Box’s fourth-quarter revenues grew 8% to $198.9 million, ahead of the market’s expectations of $196.57 million. On an adjusted basis, EPS was $0.22, ahead of the market’s forecast of an EPS of $0.17.

For the fiscal year, revenues grew 11% to $770.8 million and EPS was $0.70.

Box expects to end the first quarter with revenues of $200-$201 million with a loss per share of $0.06-$0.05. For the current year, Box expects revenues of $840-$848 million with a loss per share of $0.25-$0.20. The market expects revenues of $844.87 million with an EPS of $0.80 for the year and revenues of $200.48 million and an EPS of $0.17 for the first quarter.

Box’s Product Upgrades

Box recently introduced Box Shuttle, an easier, faster, and less costly solution to migrate content, permissions, and metadata to the Box Content Cloud. Box Shuttle will allow customers to get access to content management experts for strategy and execution, change management processes to drive adoption, and technology to accelerate digital transformation. It is now the lowest-cost full-service content migration program in the cloud content management market.

Earlier this year, Box announced a new product offering that will seamlessly integrate Google Workspace. Google Cloud and Box are working together to now provide interoperability between Google Workspace and Box so that users can see seamless collaboration and productivity for thousands across their joint customers. Box for Google Workspace Essentials enables organizations to purchase Google Workspace collaboration and communication solutions to work specifically with Box so that users can access their Google Docs, Sheets, and Slides in Box. Organizations will be able to leverage the benefit of Google’s productivity tools along with Box’s security and compliance capabilities.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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