Why Box Rallied 20% This Week
Shares of Box (NYSE: BOX) rallied 20.1% through Thursday trading this week, according to data from S&P Global Market Intelligence.Box released its first-quarter earnings report earlier this week, roundly surpassing expectations, while also giving better-than-expected guidance for the quarter ahead.While Box is somewhat of a "legacy" content management software service, founded in 2005, it has taken an artificial intelligence (AI)-first approach to enhancing its enterprise offerings, which appears to be paying off.Continue reading
Shares of Box (NYSE: BOX) rallied 20.1% through Thursday trading this week, according to data from S&P Global Market Intelligence.
Box released its first-quarter earnings report earlier this week, roundly surpassing expectations, while also giving better-than-expected guidance for the quarter ahead.
While Box is somewhat of a "legacy" content management software service, founded in 2005, it has taken an artificial intelligence (AI)-first approach to enhancing its enterprise offerings, which appears to be paying off.
