Box Posts Earnings Beat, But Analyst Maintains Bearish View About Uncertain Enterprise Advanced Adoption
Box Posts Earnings Beat, But Analyst Maintains Bearish View About Uncertain Enterprise Advanced Adoption
The analyst says the quarter was mixed, and until further clarity on customer interest in Enterprise Advanced emerges, the company's thesis remains unchanged.RBC Capital Markets analyst Rishi Jaluria reiterated an Underperform rating and a price target of $21 on Box Inc. (NYSE:BOX) after the third-quarter results.
RBC 資本市場的分析師 Rishi Jaluria 重申了 Box Inc.（紐約證券交易所：BOX）的表現不佳評級，目標價格爲 21 美元。
On Tuesday, Box reported earnings of 45 cents per share, which beat the analyst consensus estimate of 42 cents, and revenue of $276 million, which beat the consensus estimate of $275.17 million.
週二，Box 報告每股盈利 45 美分，超出分析師共識預估的 42 美分，以及營業收入爲 27600萬，超出共識預估的 27517萬。
Box sees fourth-quarter revenue of $279 million versus the $278.544 million estimate, and adjusted earnings of 41 cents per share, in line with estimates.
Box 預計第四季度營業收入爲 27900萬，高於 27854.4萬的預估，以及調整後的每股盈利爲 41 美分，符合預估。
The analyst says the quarter was mixed, and until further clarity on customer interest in Enterprise Advanced emerges, the company's thesis remains unchanged.
分析師表示本季度表現參差不齊，直到客戶對企業愛文思控股的興趣進一步明朗，公司論點保持不變。
Positively, management noted further signs of easing macro headwinds, added the analyst.
分析師補充說，管理層注意到宏觀逆風減緩的進一步跡象，這讓人感到積極。
The analyst wrote that he is encouraged by the expected 20%-40% pricing uplift for customers upgrading to the new Enterprise Advanced plan, set to launch in January. But widespread enterprise adoption, critical for significant pricing gains, may face delays amid ongoing privacy concerns, noted the analyst.
分析師表示，他對預計在 1 月推出的新企業愛文思控股計劃中，客戶定價將上漲 20%-40% 感到鼓舞。但分析師指出，廣泛的企業採納對於重大定價收益至關重要，可能會因持續的隱私擔憂而面臨延遲。
As a result, Jaluria said he finds it challenging to forecast FY26 acceleration, reinforcing the view that long-term targets remain a best-case scenario.
因此，Jaluria 表示，他發現預測 FY26 加速具有挑戰性，強化了長期目標仍然是最佳情況的觀點。
The analyst said FY25 revenue guidance was raised by $2 million on an as-reported basis, which reflected a net $3 million increase in constant currency after FX changes were factored in.
分析師表示，FY25 的營業收入指引在報告基礎上增加了 200萬，這反映了在考慮外匯變化後，以不變貨幣計算淨增加了 300萬。
Despite a lack of significant upside in the third quarter, the guidance increase was encouraging, similar to the second quarter, and suggested improved visibility into the company's results.
儘管第三季度缺乏顯著的上漲，但指導提高令人鼓舞，和第二季度類似，表明公司業績的可見性有所改善。
Investors can gain exposure to the stock via Global X Cloud Computing ETF (NASDAQ:CLOU) and Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT).
投資者可以通過global x fds cloud computing etf（納斯達克：CLOU）和景順標普小型股信息科技etf（納斯達克：PSCT）獲得對該股票的曝光。
BOX Price Action: BOX shares are down 7.61% at $31.80 at publication Wednesday.
BOX價格動態：截至週三發佈時，BOX股價下跌了7.61%，報31.80美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。