Financial Performance - Box Inc reported second-quarter revenue of $294 million, exceeding estimates of $290.78 million, with adjusted EPS of 33 cents compared to estimates of 31 cents [1] - For the third quarter, Box expects revenue between $298 million and $299 million, above estimates of $297.47 million, with adjusted earnings projected at 31 to 32 cents per share, in line with estimates of 32 cents [2] - The company raised its fiscal year 2026 revenue guidance to a range of $1.17 billion to $1.175 billion, compared to the previous range of $1.165 billion to $1.17 billion, and adjusted earnings guidance to $1.26 to $1.28 per share, up from $1.22 to $1.26 per share [3] Market Reaction - Following the earnings announcement, Box shares increased by 3.4%, reaching $32.22 [3] Analyst Ratings - RBC Capital analyst Rishi Jaluria maintained an Underperform rating on Box, raising the price target from $24 to $26 [8] - UBS analyst Rich Hilliker maintained a Buy rating, increasing the price target from $40 to $42 [8]
Box Analysts Raise Their Forecasts After Strong Q2 Results