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Cloud Storage Company Set to Post Earnings Results in the Week Ahead

June 18, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Box Inc. (BOX) next week when the cloud storage provider releases its third quarter earnings results on Wednesday, December 2. Cramer says, ‘I think you win two ways: I think the revenues are still growing fast and I think that IBM ought to buy them, this is IBM’s sweet spot, they should just snap up Box.’ Analysts polled by Thomson Reuters are expecting the company to post a loss of $0.31 for the quarter. Revenue is expected to come in at $76.76 million. This week, Bank of America/Merrill Lynch upgraded Box to BUY from NEUTRAL and set an $18 price target. Shares of Box are down more than 40 percent year-to-date.

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