Why Shares of Box Inc. Tumbled Today
(BOX.com, NYSE: BOX)
What happened
Shares of enterprise cloud
storage provider Box (NYSE:BOX) slumped on Thursday following a
fourth-quarter report that mostly beat analyst estimates. The company's
guidance, however, fell short of expectations, prompting a double-digit plunge
in the stock price. The stock was down about 20% at 12:10 p.m. EST.
So what
Box reported
fourth-quarter revenue of $136.7 million, up 24% year over year and in line
with the average analyst estimate. Billings jumped 28% year over year to $204.6
million, while deferred revenue rose 33% to $320.9 million. Box's paying
customer base reached 82,000 businesses in the fourth quarter.
Link to full article on
Motley Fool:
About
BOX for the Construction Industry:
Architecture,
engineering and construction firms are using the cloud to improve mobile
collaboration with clients, suppliers and agencies
Reduce onsite IT costs
Box for
Construction gives architectural, engineering and construction firms a simple,
secure way to plan, design and undertake projects. With Box, firms can
intuitively share blueprints, photos and construction specs on any device,
getting projects done on time and on budget
Better manage project bidding
Box streamlines
the bid proposal process. Edit templates, share plans and specs and send secure
links of request for proposals (RFPs) to ensure bids are submitted on time and
with minimal effort.
Keep everyone on track
Provide
architects, engineers and contractors visibility into project progress from any
device. Upload, preview or comment on CAD/CAM files, BIM files and photos and
send links to schedules and plans.
Improve job site productivity
Online or offline,
Box simplifies coordination and troubleshooting for workers in the field. Snap
photos and video of work sites or safety hazards and share securely using Box Capture.
Build mobile apps with cloud content
Create secure
content lockers that improve collaboration between your firm and clients. Share
designs and get client input in real-time.
Testimonial
"Any delay to
the schedule is money. It used to take us 4 or 5 hours to get access to files
with an FTP server in Sharepoint. With Box, it's seconds. Now all our
construction teams are using Box on every project and it's changed the drive
for us to do what we do, better and faster."
Vince Sarubbi, CIO
and VP, Webcor Builders
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