Box, Inc. (BOX)
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-09
$34.49+0.55%
Close 2026-09-09 · 1-day change
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-09
Intact: The reason to own it still holds.
Box grows revenue about 9% a year, hitting $1.28 billion next fiscal year. Profit per share is expected near $1.56, showing steady profit growth. Cash from operations is rising, supporting investments. The company manages costs well, improving operating income from $20.6M to $27.4M recently.
Growth could slow below 9% if demand weakens or competition intensifies. Profit margins might shrink if costs rise or efficiency stalls. Cash flow could falter if investments do not pay off quickly.
The price is about 26% below our fair value near $38. Analysts expect 9% revenue growth, which aligns with our view. We see value given the company's steady profit and cash flow gains.
Breaks if: Cash from operations falls below $127 million next year
Breaks if: EPS falls below $1.55 per share in FY27
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable growth opportunity with a focus on revenue and margin improvement. The current thesis state is intact, supported by recent strong financial results despite some mixed signals in cash flow.
The market currently prices BOX at a premium compared to its peers, reflecting justified expectations based on its recent performance. There is a slight expectations gap, indicating that the market is not overly optimistic or pessimistic about future results.
Management is on track with priorities to increase revenue growth and improve operating income and margins. However, cash flow from operations has shown mixed results, which could pose challenges in the near term.
The long-term thesis hinges on management's ability to maintain revenue growth and margin expansion while navigating potential risks from earnings guidance cuts. Additionally, broader market conditions, such as interest rate changes and performance of sector leaders, will influence BOX's trajectory.
The most important moves since the prior daily snapshot.
Company momentum fell by 14.9 points (from -26.7 to -41.6).
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. Additionally, Box raised its 2026 revenue outlook due to strong AI-driven enterprise momentum. This indicates strong revenue growth potential.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Enhance operating income through cost management and efficiency improvements.
Breaks if: Revenue falls below $1.175 billion in FY27
Continue driving revenue growth through Enterprise Advanced adoption and AI-powered platform expansion.
Stated as a priority in 4 of last 4 quarters. Revenue grew from $279.5 million in 2025-Q4 to $321.1 million in 2026-Q3, a 9% increase year-over-year, or 11% on a constant currency basis. Management consistently attributes growth to Enterprise Advanced adoption and AI platform expansion, indicating delivering trajectory.
“Box delivered exceptional second quarter results, continuing our strong momentum accelerated by the rapid adoption of Enterprise Advanced.”
“Box delivered a strong start to FY27 as organizations are increasingly turning to our Intelligent Content Management platform to unlock more value from their unstructured data with AI.”
“Fiscal 2026 was a defining year for Box, as we executed on the launch of Enterprise Advanced, delivering customers our most powerful capabilities around advanced AI.”
“Fiscal 2026 was a defining year for Box, as we executed on the launch of Enterprise Advanced, delivering customers our most powerful capabilities around advanced AI.”
Overall, BOX is positioned well in its industry, but investors should monitor key performance indicators and market conditions closely. Not investment advice.