Box ( BOX Quick Quote BOX - Free Report) is consistently gaining momentum among customers on the back of its robust portfolio of solutions.
This is evident from the fact that Pan-American Life Insurance Group (PALIG) recently incorporated Box’s content cloud into its cloud applications.
Box aids PALIG in providing a seamless collaboration and improved digital experiences to its employees and customers while maintaining security and governance requirements.
Box is making strong efforts to offer cloud management solutions according to customer needs. This, in turn, is driving its customer loyalty and increasing the customer base.
Apart from the recent selection, Box’s content cloud platform was picked by Japan Post to securely share critical information with both internal and external users.
Additionally, BOX was selected by Panasonic Information Systems for a seamless and safe cloud content management and collaboration.
Further, some leading government organizations leveraged Box’s technologies to digitize and modernize their functionalities.
Recently, the U.S. General Services Administration selected Box’s e-signature capability Box Sign for a seamless signing experience.
In addition, the Defense Contract Management Agency chose Box’s cloud content management platform for workload operations and reduction of operating costs.
Box’s expanding collaboration with private companies and government organizations highlights the efficiency and reliability of the strengthening product portfolio.
We believe its robust product portfolio will continue to drive customer momentum in the days ahead, which in turn, will benefit the financial performance. This will aid BOX in winning investors’ confidence.
Box has gained 25.4% against the Zacks
Computer & Technology sector’s decline of 13.8% in the past year.
BOX recently unveiled a virtual whiteboarding and visual collaboration experience solution named Box Canvas to offer a secure collaboration platform to hybrid teams.
This apart, Box enhanced the Box Admin Console by introducing monitoring and reporting tools. With these, Management aims to help customers protect important data so that they can run their businesses securely.
BOX added an array of features to its security control and intelligent threat detection solution, namely Box Shield, to provide users with improved security without disruption in business workflows.
Zacks Rank & Stocks to Consider
Currently, Box carries a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like
Avnet ( AVT Quick Quote AVT - Free Report) , Monolithic Power Systems ( MPWR Quick Quote MPWR - Free Report) and MaxLinear ( MXL Quick Quote MXL - Free Report) . While Avnet and Monolithic Power Systems sport a Zacks Rank #1 (Strong Buy), MaxLinear carries a Zacks Rank #2 (Buy) at present. You can see . the complete list of today’s Zacks #1 Rank stocks here
Avnet has gained 7.8% in the past year. The long-term earnings growth rate for AVT is currently projected at 37.2%.
Monolithic Power Systems has gained 26.2% in the past year. The long-term earnings growth rate for MPWR is currently projected at 25%.
MaxLinear has rallied 21.3% in the past year. The long-term earnings growth rate for MXL is currently projected at 20%.