Box Needs to Win Investors Back
Box (NYSE: BOX) is a cloud based data service that allows its customers to access data securely and efficiently from anywhere in the world. Its main target customers aren't individuals like you and me but rather mega-companies like Coca-Cola and Intuit. To that end, Box is already a success, serving 69% of Fortune 500 companies.
Yet despite serving an impressive customer base, Box's stock is down over 30% from 52-week highs. Investor confidence in Box's management has eroded as revenue guidance and timelines have been missed, modified or thrown out. As we'll see, management will likely need to win back investor trust for this stock to start trading to the upper right.
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Source Fool.com