Why Box Rallied 15.7% This Week

Shares of enterprise content management software company (NYSE: BOX) rallied 15.7% this week through Thursday trading, according to data from S&P Global Market Intelligence.

Box had earnings on Tuesday that came in ahead of expectations, along with a solid guide. While Box isn't posting eye-opening growth, it is doing a great job of expanding margins and prudently repurchasing stock.

In the second quarter, Box delivered 3% revenue growth to $270 million, with adjusted (non-GAAP) earnings per share of $0.44, which was up an impressive 22.2%. Both figures were ahead of analyst expectations.

Source Fool.com