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Cloud Storage Company Set to Post Q1 Results Wednesday

July 9, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye of shares of Box (BOX) as the cloud storage company prepares to release its first quarter earnings results after the close Wednesday. Cramer says the last time out, Box had an okay quarter but a horrendous conference call. He says he knows they’ve been working hard to tell a better narrative because they’ve been winning a lot of customers. This is a preferred way to do storage, he says. Cramer adds that the stock is substantially undervalued versus Dropbox which is still private. He says he’s looking for Box CEO Aaron Levie to be able to learn how to tell a story and basically get the jitters out. All that said, Cramer thinks this is a horrible market for technology. While he doesn’t expect a big upside, he does expect a better conference call this time around. Wall Street analysts are expecting the company to post a loss of $0.31 a share and revenue of $63.70 million for the quarter.

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