Why Box's Stock Jumped 13% Last Month

Shares of Box (NYSE: BOX) jumped by 13.6% in October, according to data provided by S&P Global Market Intelligence, after the company said it will reach its goal of generating $1 billion in annual revenue in 2021 -- one quarter earlier than expected.

Box, a cloud enterprise software company, has seen its share price slide about 6% since its IPO more than two years ago. But investors started believing in the company again last month when Box's co-founder and CFO, Dylan Smith, said the company will have its first profitable quarter (on an unadjusted basis) in fiscal 2019, and that it would reach $1 billion in annual revenue by 2021.

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Source: Fool.com