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Box (NYSE:BOX) just pulled off something investors haven't seen in a whilea clean earnings beat and a guidance hike. The company posted adjusted EPS of 30 cents on $276 million in revenue, beating Wall Street's call for 26 cents on $275 million. Management didn't stop there. They nudged full-year revenue guidance to $1.165$1.17 billion, a subtle but confident shift upward. The market responded fastshares jumped nearly 16.8% at 12.18pm today.
What's fueling the optimism? Analysts aren't just reacting to the numbers. Raymond James raised its price target from $38 to $42 and doubled down on its Outperform rating. Their reasoning? Strong momentum in Box's Enterprise Advanced suite and a steady climb toward sustainable profitability. This isn't the Box of 2020. Since turning profitable in 2023, the company has quietly matured into a more reliable cash generatorand the Street is starting to notice.
And here's the kicker: Box's balance sheet now looks much healthier compared to 2022 . It's a meaningful shift. The overall trend reveals a disciplined approach to capital while still investing in growth.
For investors looking for under-the-radar tech names with improving fundamentals, BOX might be worth a closer look.
This article first appeared on GuruFocus.